As markets continue to witness a downfall that is yet to find a bottom, marquee names in the banking sector like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank are being beaten on the bourses like never before.
Although Vodafone Idea share price has gained more than 20 per cent since the last week of February, mutual funds do not seem to be convinced by the rally in the struggling telecom player’s share price.
After a brief stop on Friday, S&P BSE Sensex and BSE Nifty-50 continued their downward trend on Monday morning as both domestic benchmark indices tanked. S&P BSE Sensex was down more than 1,800 points on opening while
SBI Cards and Payment Services Ltd shares listed on the stock exchanges on Monday, and contrary to the expectations, opened down 13 per cent from the IPO price.
Share markets witnessed extreme volatility this week as bears took over. S&P BSE Sensex fell 2,847 points and the border NSE Nifty-50 dropped 787 points.
SBI Cards is expected to be listed in the coming week. With high volatility in the market, SBI Cards might not perform as it was expected to on the listing day but there are other sectors that investors can keep an eye on.
Although the gazette notification inflicts pain on existing shareholders, anyone who wishes to purchase Yes Bank shares in the coming week will remain unstirred by the lock-in period.
While India’s share markets have been hit hard by coronavirus and other global pressures, some frontline consumer stocks such as HUL have remained resilient to the headwinds.
As fear of a recession looms large, investors are puzzled whether to stay invested in the second-largest credit card issuer in the country or to wash their hands off the scrip.
The moratorium on Yes Bank, including a cap on withdrawals, will be removed as early as in three working days from the notification of the reconstruction plan for the private bank, Finance Minister Nirmala Sitharaman said on
S&P BSE Sensex fell 3,090 points or 9.43 per cent lower at 29,687 points, while the broader NSE Nifty 50 crashed 966 points to sit at 8,624 points, as the massacre on Dalal Street continued.
State Bank of India’s Executive Committee of Central Board (ECCB) has given an approval to purchase up to 725 crore shares in the troubled private sector lender Yes Bank, allowing for up to triple of the initially planned i
The earnings yield of Nifty 50 index has exceeded bond yield by 45 basis points, a report by ICICI Securities said. In the past when earnings yield exceeded bond yields, stock market returns surpassed expectations.
It is now time for investors to check if they have received the shares of SBI Cards and Payments services that they bid for or not. If you are an investor in SBI Cards and Payment Services IPO, here’s how you can check your
Indian markets’ fear gauge India VIX has risen from just over 17 at the end of last month, to 31 on March 9, and if historic trends are to be believed, share market might soon bottom out.
India’s largest public sector lender, State Bank of India (SBI) might be the white knight Yes Bank was hunting for the past few months. But, what does the latest development mean for SBI?
Sachin Shah, Fund Manager, Emkay Investment Managers says in an interview with Kshitij Bhargava that there are signs of economic revival and valuations are also more reasonable within the broader markets.
SBI Cards and Payment Services IPO sailed through at the open of the third day of bidding, led by Qualified Institutional investors stepping up their game on the last day on bidding for the category.
SBI Cards and Payment Services initial public offering (IPO) was subscriber 88 per cent on the second day of bidding as retail investors subscriber more than 100 per cent of the shares offered along with SBI employees and sha
Maruti Suzuki India has reported a 1.6 per cent on-year fall in sales in February. Mahindra and Mahindra’s sales were down 42 per cent from the previous year; Tata Motors sales dropped 31 per cent.