Author: newsworm

Sensex Near 80000, Jumps 545 Points; Nifty Around 24,280. Bank Stocks Lead

Share market today: The two key equity benchmarks, Sensex and Nifty, on Wednesday scaled new record highs during intraday trade tracking positive global cues. The BSE Sensex index breached the 80,000-mark for the first time on Wednesday, touching an all-time high of 80,074. It closed at 79,987, up 545 points. On the other hand, the NSE Nifty50 hit a new record high of 24,307, before settling 163 points higher at 24,287.
Stock updateOn the 30-share Sensex platform, Adani Ports, Kotak Bank, HDFC Bank, Axis Bank, IndusInd Bank, SBI emerged gainers. On the flip side, TCS, Titan, Reliance, Tata Motors, L&T, Asian Paints were among the losers.In the broader markets, the BSE…
Read More…

Source: https://news.abplive.com/business/mutual-funds/share-market-today-sensex-near-80000-jumps-545-points-nifty-around-24280-stock-market-bank-stocks-1700019/amp

Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

By

Market Capitalisation.
Net Sales.
Net Profit.
Total Assets.
Excise.
Other Income.
Raw Materials.
Power & Fuel.
Employee Cost.
PBDIT.
Interest.
Tax.
EPS.
Investments.
Sundry Debtors.
Cash/Bank.
Inventory.
Debt.
Contingent Liabilities.

Screen Crit

Abrasives
Aerospace & Defence
Agriculture
Air Conditioners
Airlines
Aluminium & Aluminium Products
Amusement…
Read More…

Source: https://www.moneycontrol.com/

Bank of India plans to raise up to Rs 5,000 crore via infra bonds | Finance News

BOI’s infrastructure loan book stood at Rs 58,860 crore at the end of March 2024Photo: Company websiteAbhijit Lele Mumbai Public sector lender Bank of India (BOI) is planning to raise up to Rs 5,000 crore through infrastructure bonds, days after the State Bank of India’s (SBI’s) infrastructure bonds issuance. BOI officials said rating agency India Ratings has assigned “AA+” rating to the proposed infra bond offering. The capital raising committee will meet later this week to finalise the fundraising plan. The actual amounts raised and the timing would depend on market conditions. Click here to connect with us on WhatsApp According to BOI officials, finer rates of SBI…
Read More…

Source: https://www.business-standard.com/amp/finance/news/bank-of-india-plans-to-raise-up-to-rs-5-000-crore-via-infra-bonds-124070301139_1.html

Stocks To Watch: NTPC, IOCL, Sun TV, Cochin Shipyard, Bosch, Karnataka Bank, and Others

Stocks To Watch on May 27Stocks to watch: Shares of firms like NTPC, IOCL, Sun TV, Cochin Shipyard, Bosch, Karnataka Bank, and others will be in focus on Monday’s trade.Stocks To Watch On May 27: Indian benchmarks equity indices closed flat on Friday, but logged their best week since early February, driven by gains in financials and metal stocks. In today’s trading session, shares of NTPC, Cochin Shipyard, Hindustan Copper, Karnataka Bank, and Narayana Hrudayalaya among others will be in focus due to various news developments and quarterly earnings.Indiabulls Housing Finance: It reported a 21.3 per cent increase in net profit to Rs 319 crore, with a total income increase of 8.6 per…
Read More…

Source: https://www.news18.com/business/stocks-to-watch-ntpc-iocl-sun-tv-cochin-shipyard-bosch-karnataka-bank-and-others-8905174.html

Indian Bank eyes emerging segments for incremental loan growth

Indian Bank will be expanding its loan portfolio in several new segments such as renewables, ethanol, smart metering, and e-commerce and associated areas to drive incremental growth. The Chennai-headquartered bank has reported 13 per cent growth in advances in FY24 and has indicated that it would strive to maintain the same level of growth in loans during this fiscal too.With strong economic growth and buoyant GST collections, the public sector lender expects a healthy demand for credit this fiscal. While the traditional segments are likely to maintain their growth levels, the bank is also focusing on emerging segments for additional growth opportunities.
…
Read More…

Source: https://www.thehindubusinessline.com/money-and-banking/indian-bank-eyes-emerging-segments-for-incremental-loan-growth/article68154403.ece/amp/

HDFC Bank, Vedanta, Larsen and Toubro and more: Top stocks to watch out for on July 4 – CNBCTV18

HDFC Bank, Vedanta, Larsen and Toubro and more: Top stocks to watch out for on July 4  CNBCTV18
Read More…

Source: https://www.cnbctv18.com/photos/market/hdfc-bank-vedanta-larsen-and-toubro-and-more-top-stocks-to-watch-out-for-on-july-4-19437624.htmR
https://www.cnbctv18.com/photos/market/hdfc-bank-vedanta-larsen-and-toubro-and-more-top-stocks-to-watch-out-for-on-july-4-19437624.htm/amp

Broker’s call: Axis Bank (Buy)

Target: ₹1,470CMP: ₹1,279.75We see Axis Bank emerging stronger in this leg of the upcycle led by a structural improvement in the franchise. Sustained earnings progression and NIMs & CET-1 gap gradually narrowing with its core peer is expected to result in improvement in valuation multiples. The bank is delivering higher risk-adjusted returns over cycles with lower growth in risk-weighted assets (RWA). The bank has also made steady progress in granularising deposits, as is evident from a 5 per cent reduction in deposit outflows in the last two years to 23.9 per cent as per LCR. Peak NIM contraction cycle is probably behind along with stable asset quality trends is likely to keep…
Read More…

Source: https://www.thehindubusinessline.com/markets/brokers-call-axis-bank-buy/article68363598.ece/amp/

Bank of Baroda Share Price: Bank of Baroda shares rise 0.56% as Sensex climbs

Shares of the Bank of Baroda traded at Rs 266.5 on BSE at 11:27AM (IST) on Wednesday, up 0.56 per cent from previous close. The scrip quoted a 52-week low price of Rs 185.75 and a high of Rs 298.45. Earlier, the stock saw a gap up opening in the morning. A total of 425,545 lakh shares changed hands on the counter till 11:27AM (IST). The stock of Bank of Baroda commands a market value of Rs 137739.23 crore. The stock traded at a price-to-earning (P/E) multiple of 7.3, while the price-to-book value ratio stood at 1.14. Return on equity (ROE) was at 15.67 per cent, according to exchange data. In the BSE500 pack, 343 stocks traded in the green, while 158 stocks were in the red. …
Read More…

Source: https://m.economictimes.com/markets/stocks/stock-watch/bank-of-baroda-shares-rise-0-56-as-sensex-climbs/amp_articleshow/111449866.cms