Market News
Stay updated with the latest market trends, earnings, and economic indicators.
PSU banks shine in volatile market; Nifty PSU Bank jumps 5.4%, logs third straight weekly gain
Amid market volatility, the Nifty PSU Bank index rose 5.45% this week, reaching record highs. This growth reflects strong investor confidence, driven by solid earnings and a government spending push.
PSU banks shine in volatile market; Nifty PSU Bank jumps 5.4%, logs third straight weekly gain - Mint
PSU banks shine in volatile market; Nifty PSU Bank jumps 5.4%, logs third straight weekly gainMint
Quick Wrap: Nifty PSU Bank Index records a surge of 1.68%
Powered by Capital Market - Live News
Closing Bell: Nifty reclaims 25,550 as banks shine; IT under pressure
Closing Bell: Indian equities ended higher for the week, led by financials and PSU banks. Nifty Bank outperformed while IT stocks extended losses, even as benchmarks held above the 25,550 mark.
Top gainers & Losers on Feb 20: ABB, Thermax, KEI Industries, PB Fintech, Canara Bank, Siemens among top gainers
The Indian stock market recovered on February 20, with the Nifty 50 rising 0.46% to 25,570. Financials, metals, and FMCG sectors drove support, while broader markets showed mixed results, and oil prices surged due to geopolitical concerns.
Nandish Shah of Motilal Oswal expects positive earnings momentum for banks, recommends these 2 PSU banking stocks to buy
Nandish Shah favors SBI and Indian Bank for their strong performance, healthy credit growth, and improved asset quality. SBI's NIM is projected at 3%+ in FY26, while Indian Bank shows steady margins. Both banks have raised earnings estimates for FY27 and FY28, indicating a positive outlook.
Sensex Today | Stock Market LIVE Updates: Nifty falls sharply off highs; Newgen down 8%
Sensex Today | Stock Market LIVE Updates: The Indian markets look keen on recovering from the losses as the Nifty index trades 30 points higher at 25,500. The Nifty Bank index is outperforming the benchmark, with gains of over 300 points, rising above the 61,000 mark.
Sensex zooms 355 pts; PSU bank shares advance; VIX zooms 7.52%
At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 354.85 points or 0.43% to 82,861.86. The Nifty 50 index jumped 91.65 points or 0.36% to 25,546.
Nifty PSU Bank index soars 2%, hits new high; PNB, Canara, UBI shares up 3%
Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.
Shares of PSU banks rise up to 3%: Check what’s aiding the rally
The gains in the Nifty PSU Bank index were led by the rally in the shares of the Union Bank of India, Indian Bank and Punjab National Bank (PNB).
Stock market today: GIFT Nifty down 9 points; key levels for Nifty, Sensex & Nifty Bank - MSN
Stock market today: GIFT Nifty down 9 points; key levels for Nifty, Sensex & Nifty BankMSN
Rajesh Palviya of Axis Sec suggests ONGC, RBL Bank, Sammaan Capital shares to buy today
Domestic benchmark indices showed little change after a prior decline, amid rising oil prices due to US-Iran tensions. Nifty 50 rose 0.03% to 25,465 while BSE Sensex fell 0.07% to 82,467.7. Analysts attribute weakness to global uncertainties and geopolitical risks.