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FM Nirmala Sitharaman to meets heads of PSU banks on Mon, review foreign currency deposit mobilisation
Finance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign currency deposits from NRIs. RBI withdrew interest rate ceilings on certain foreign currency deposits until September 30. Concessional forex swap facilities are offered to banks for FCNR(B) deposits. This initiative aims to boost foreign currency inflows and credit flow to productive sectors.
Benchmarks rally for second straight day; IT, PSU banks lift Nifty above 24,200
The S&P BSE Sensex jumped 827.57 points or 1.08% to 77,569.39. The Nifty 50 index rose 244.10 points or 1.02% to 24,206.90. In two consecutive trading sessions, the Sensex rallied 1.35% while the Nifty jumped 1.33%.
Share Market Today: Nifty 50, Bank Nifty | July 10, 2026 - Liquide Blog
Share Market Today: Nifty 50, Bank Nifty | July 10, 2026Liquide Blog
Explained - Key factors why PSU bank shares surged up to 10% on Friday
Indian Bank led the gains, surging as much as 9%, while State Bank of India, Canara Bank, Bank of Baroda, Bank of Maharashtra, Punjab National Bank (PNB) and Bank of India advanced between 2% and 9%.
Nifty PSU Bank soars 4%, Indian Bank up 10% post Q1 nos; analysts upbeat
PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.
Indices trade higher; European mrkt advance
PSU Bank, Realty and IT shares advanced while pharma and FMCG shares declined.
Nifty PSU bank index up nearly 4%: Indian Bank rises 10% to lead gains post-Q1 results - Moneycontrol.com
Nifty PSU bank index up nearly 4%: Indian Bank rises 10% to lead gains post-Q1 resultsMoneycontrol.com
Indian Bank Q1 Results: PSU Lender jumps 9% on 17% core income growth, stable asset quality
The bank's asset quality continued to improve during the quarter. Gross non-performing assets (GNPA) declined to 1.86% from 1.98% in the March quarter, while net NPA remained unchanged at 0.15%.
Indian Bank Q1 Results: Standalone net profit rises 10% YoY to Rs 3,273 crore; shares zoom 10%
Indian Bank reported a standalone net profit of Rs 3,273 crore for Q1 FY27, up more than 10% year-on-year, while net interest income rose nearly 17%. The PSU lender also posted improved asset quality and higher advances, prompting its shares to surge around 10% after the earnings announcement.
Nifty Midcap, Smallcap indices hit 52-week highs; what's driving the rally?
Zensar Technologies, CDSL, Bandhan Bank and MRPL from the Nifty Smallcap 100 index rallied between 5% and 12% in Friday's intra-day trade.
Share Market Today: Nifty 50, Bank Nifty | July 09, 2026 - Liquide Blog
Share Market Today: Nifty 50, Bank Nifty | July 09, 2026Liquide Blog
Market recovers after sell-off; Nifty closes above 23,950
Benchmark indices rebounded on Thursday after the previous session's sharp sell-off, supported by broad-based buying and improving global sentiment. The Nifty closed above the 23,950 mark as easing geopolitical concerns after US President Donald Trump said a renewed war with Iran was unlikely. Meanwhile, renewed FII buying in domestic shares, a steady rupee and optimism ahead of the Q1 earnings season lifted investor sentiment. Broader markets outperformed the benchmarks. PSU banks and consumer durables stocks led the gains. IT and auto shares, however, remained under pressure.