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Baroda BNP Paribas MF sees easing crude boosting rate-sensitive stocks, chemicals
Baroda BNP Paribas Mutual Fund Senior Fund Manager Jitendra Sriram said softer crude prices could improve sentiment for India and support interest rate-sensitive sectors. He believes refining, oil marketing and select specialty chemical companies may benefit if West Asia tensions ease. Sriram also cautioned that higher raw material and logistics costs may pressure corporate earnings over the next few quarters despite resilient recent results. 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.
Market at Close | Bharti Airtel, M&M and financials lift Sensex 941 points; Nifty tops 24,300
The Sensex rose 941 points to close at 77,959, while the Nifty gained 298 points to settle at 24,331, reclaiming the 24,300 mark. The Nifty Bank index climbed 1,434 points to 55,981, while the Midcap index advanced 1,062 points to 61,323.
Nifty trades near 24,300 level; PSU Bank shares climbs
PSU Bank jumped after declining in the past five trading sessions.
Bank of Maharashtra soars 2.98%
Bank of Maharashtra is quoting at Rs 83.66, up 2.98% on the day as on 12:49 IST on the NSE. The stock is up 64.2% in last one year as compared to a 1.62% spurt in NIFTY and a 35.64% spurt in the Nifty PSU Bank index.
Yes Bank Ltd spurts 5.08%, gains for third straight session
Yes Bank Ltd is quoting at Rs 21.52, up 5.08% on the day as on 12:49 IST on the NSE. The stock is up 17.79% in last one year as compared to a 1.62% drop in NIFTY and a 0.1% drop in the Nifty Bank index.
These 3 stocks may underperform, 2 gain as auto, bank indices turn bearish
Death Cross alert: Technical analyst at Choice Broking expects Nifty Auto and Bank Nifty to underperform in the near-term as shorter-term moving average has slipped below the long-term 200-DMA.
RBI draft circular clarifies prudential treatment of SNFAs
Reserve Bank of India draft circular clarifies prudential treatment of SNFAs, requiring early auction, separate disclosure and limits on asset acquisition after loan defaults. The Reserve Bank of India (RBI) on Tuesday issued a draft circular to provide clarity on prudential treatment of specified non-financial assets (SNFA) acquired as collaterals in the case of defaults. The RBI define these assets as an immovable asset acquired by regulated entity in satisfaction or part satisfaction of its claims on the borrower, including nonbanking assets.
SEBI sets â‚ą20,000 crore mutual fund AUM rule to classify significant indices
SEBI clarifies criteria for significant indices, sets AUM threshold, registration rules and review norms to boost transparency and governance for index provider.
J&K Bank posts highest ever annual profit of Rs 2363 crore in FY26
Jammu and Kashmir Bank achieved its highest-ever annual profit of Rs 2,326.47 crore for the financial year 2025-26. This marks a significant year-on-year growth of over 13 percent. The bank also reported a strong quarterly net profit of nearly Rs 800 crore. Despite challenges, the bank demonstrated resilience and sustained improvement in asset quality.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades 200-points higher; L&T in focus after results
Sensex Today | Stock Market LIVE Updates: The two indices to watch though, will be Nifty Bank and Nifty IT. The banking index has struggled to hold above 55,000, while IT stocks also contributed to the recent volatility. L&T and Hero Moto, along with SRF, Coforge, Poonawalla Fincorp, and others will react to their results today. Bajaj Auto reports results today along with announcing a share buyback.
J&K Bank profit jumps 36% as asset quality and growth improve
Jammu & Kashmir Bank reported a 36% rise in Q4 profit with improved asset quality and higher operating profit. Annual profit hit a record high, while advances and deposits grew steadily, supported by focus on retail, MSME and agriculture lending.
Trade Setup for May 6: Nifty manages to hold 24,000 but banking index holds the key
The Bank Nifty continued to lag, ending 0.6% lower and trading below key moving averages. Analyst Sudeep Shah said the 54,100-54,000 zone will act as a crucial support for Bank Nifty. A break below 54,000 could trigger further downside towards 53,400.