Banks The Road Ahead
Banks The Road Ahead
Q2FY24 Financial Performance: Banking Sector
The Q2FY24 performance of Indian Inc. presented a mixed picture, even though it leaned towards positive results.
Rs 651 crore order book: This multibagger small-cap company bags new order worth Rs 293 crores!
Shares of the company gained more than 350 per cent in the last three years.
Shares of the company gained more than 350 per cent in the last three years.
Watch out for these penny stocks locked in the upper circuit on August 21
The Sensex and Nifty indices have posted gains of 0.48 per cent and 0.46 per cent respectively.
A broader market sentiment analysis indicates that around 2091 stocks are advancing, while 1502 stocks are witnessing declines, implying an overall optimistic sentiment across the broader market landscape.
Domestic equity bourses close marginally higher; Realty and auto sector stocks rally for yet another session
Tata Motors, ONGC and GRASIM are the top gainers while Hindustan Unilever, Asian Paints and Bajaj Finance were the top losers amongst Nifty 50 stocks
Nifty opened with a slight gap-up and traded higher after some intraday consolidation. In the afternoon session, it witnessed a profit booking and touched its previous falling trend line on the daily time frame. Nifty closed higher around 24 points or 0.14 per cent to close around the 17,624 level. S&P BSE Sensex also closed flat with a rise of 13 points. Nifty Mid-cap 100 and Nifty Small-cap 100 rallied 0.38 per cent and 0.28 per cent respectively.
Nifty closed at 17600 levels; Real estate stocks emerged as star performers
NBFC stocks rallied after the dovish commentary of RBI governor. Sectors like Realty and Auto also showed decent strength.
Nifty closed around the day's high by rallying 42 points or 0.24 per cent to close around 17,600 level on the weekly expiry day. S&P BSE Sensex also closed around the day’s high with rise more than 143 points. Nifty Midcap 100 rallied 0.64 per cent after 2 days’ consolidation and Nifty Small cap 100 rallied 0.78 per cent.
Indices closed around day’s high; HDFC twins and ITC pulled the markets
L&T, ITC, HDFC and HDFC Bank are the top gainers while Eicher Motors, M&M and IndusInd Bank were the top losers amongst Nifty 50 stocks.
Nifty traded higher and closed around the day's high by rallying 159 points or 0.91 per cent to close around 17,557 level. S&P BSE Sensex also closed around the day’s high with more than 600 points rise. Nifty Midcap 100 consolidated in a small range throughout the day while Nifty Small cap 100 rallied 0.72 per cent.
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Day’s Movers: These stocks were among the top gainers on February 27
Here are the top gaining stocks in BSE Group ‘A’.
Here are the top gaining stocks in BSE Group ‘A’.
These five bank stocks are buzzing on the bourses today!
Here are the five S&P BSE 500 stocks soaring in the morning session.
At 11 am, the S&P BSE 500 index was trading at a loss of 152.05 points or 0.61 per cent. The market is weak, but banking stocks are buzzing today with the Bank of Maharashtra hitting a fresh 52-week high of 25.60.
Nifty closes above 16,600; Sun Pharma, SBI and Asian Paints emerge as top gainers
While nearly all the sectoral indices closed in green, pharma, media, financials, and IT showed stellar performances to support the market.
Indices roared on Wednesday as strong buying at lower levels lifted market sentiment. Nifty surged 0.96 per cent to close above the 16,600 level while Sensex jumped about 550 points.
After a dashing performance on Friday, D-Street bulls likely to put their hope on Bank Nifty; know why!
A move above 33,670 is positive and it can test 33,900. However, a move below 33,400 is negative, and it can test 33,150.
Bank Nifty has closed flat to negative on a weekly basis. On the weekly chart, it has formed a bearish candle as its closing was below the opening level but carries a long lower shadow, which indicates buying demand at lower levels.
Bank Nifty forms an inside bar: What should be your strategy, find out here!
As it formed two consecutive shooting star candles, the weightage is on the downside.
Bank Nifty ends its three-day losing streak on Wednesday and settled with minuscule gains of 0.08 per cent for the day.