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Quick Wrap: Nifty PSU Bank Index falls 3.06%
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Bank of Baroda Q4 profit tops estimates despite higher provisions; FY27 guidance in focus
Bank of Baroda reported better-than-expected Q4 results driven by healthy loan growth and improving asset quality, while the lender guided for stable margins and double-digit deposit growth in FY27. The board also recommended a final dividend.
Bank of Baroda Q4 Results: Profit Rises 11%, Asset Quality Improves; Dividend Declared
Provisions stood at Rs 3,150 crore compared to Rs 799 crore in the previous quarter and Rs 1,552 crore in the same quarter last year.
Abakkus trims banking exposure, adds solar and power-linked capital goods stocks
Aman Chowhan, Fund Manager at Abakkus Asset Manager, which manages assets worth nearly $2.06 billion, said the sharp market rebound over the past few weeks has caught many investors by surprise, even as the fund stayed selectively bullish through the correction. The Mumbai-based AMC increased exposure to renewable energy, power-linked capital goods and select metal plays, while trimming some banking exposure. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Nifty May futures trade at premium
State Bank of India, Titan Company and HDFC Bank were top traded contracts.
Wealthtech platform ZFunds launches India’s first AI assistant for new-age wealth managers
ZFunds has launched ZIVA, an AI-powered assistant aimed at helping mutual fund distributors and wealth managers streamline workflows, improve client engagement, and automate portfolio analysis. The platform, tested in a pilot phase, claims to significantly reduce workload while enhancing efficiency through data-driven insights and multilingual support.
Benchmarks extend losses for second day amid escalating US-Iran tensions
The Nifty settled below the 24,200 level. Among sectoral indices, PSU bank, financial services and oil & gas shares declined, while IT, consumer durables and chemical stocks witnessed buying interest.
Market at Close | Nifty rises 1% for week despite Friday selloff triggered by SBI slump
The Nifty fell 151 points to close at 24,176, while the Sensex declined 516 points to end at 77,328. The Nifty Bank underperformed, slipping 739 points to 55,311, while the Midcap Index fell 92 points to 61,911.
'Maybe he was cheated': Anil Ambani's lawyers respond as SC hears â‚ą27,300 crore bank fraud probe
The Supreme Court heard the Reliance Communications case as CBI alleged ₹27,300 crore fund diversion, while Anil Ambani’s lawyers questioned the investigation and attachments.
SBI slips after Q4 NII, operating profit decline sequentially
State Bank of India shares fell 5.57% to Rs 1,031 after the lender reported muted sequential profitability and weaker margins in Q4 FY26 despite improvement in asset quality.
Nifty trades below 24,200 level; PSU Bank stocks tumble
At 14:30 IST, the barometer index, the S&P BSE Sensex dropped 505.91 points or 0.65% to 77,339. The Nifty 50 index fell 133 points or 0.55% to 24,193.20.
Ujjivan SFB Q4 Results: High other income, low provisions aid profit; Asset quality improves
Ujjivan Small Finance Bank reported a sharp rise in Q4 profit aided by higher other income and lower provisions, while asset quality improved sequentially. The RBI sought further loan diversification before a universal banking licence transition.