New Delhi, Jan 25 (IANS) As the government prepares to present the Union Budget 2026-27, data from 2010-2022 shows that markets often trade lower ahead of the event due to fear of policy surprises, though post-budget rebounds are common — with an average 1.36 per cent gain in the following week, according to market watchers.This pre-budget weakness is attributed to elevated volatility, as seen in the average 2.65 per cent intraday trading range on budget day itself, they said.Over the past 15 …
Latest PSU banks News & Updates
New Delhi, Jan 24 (IANS) While volatility is likely to persist in the Indian markets in coming months, the country remains well positioned to outperform many global peers over the medium to long term, a report said on Saturday.The wealth management firm, PL Wealth preferred the financial sector as the core portfolio anchor as credit growth is expected to stay healthy, asset quality stable and capital adequacy strong.”Select private banks, PSU banks, and well-managed NBFCs offer attractive risk-r…
Mumbai, Jan 17 (IANS) The Indian equity benchmarks closed this week almost unchanged amid optimism towards Q3 earnings and renewed India-US trade discussions, even as caution persisted due to increasing geopolitical tensions.Profit-booking in pharma, consumer durables, and autos weighed on indices during the week, while PSU banks and metals outperformed.Nifty added 0.04 per cent during the week and 0.11 per cent on the last trading day, to touch 25,694. At close, the Sensex was up 187 points or …
Mumbai, Dec 30 (IANS) Indian benchmark indices ended Tuesday’s session almost flat, but with a slight negative tone, as gains in PSU banks, metal and auto stocks were offset by selling pressure in IT, FMCG, realty and pharma shares.The Sensex closed at 84,675.08, slipping 20.46 points or 0.02 per cent, while the Nifty settled marginally lower at 25,938.85, down 3.25 points or 0.01 per cent.“The Nifty has also slipped below the 21 EMA, reinforcing the short-term downtrend. Immediate support i…
New Delhi, Dec 27 (IANS) System loan growth has picked up and Q3 FY26 is expected to show better loan growth and improved net interest margins, a report said on Saturday.The report from Elara Capital said the quarter should also see lower slippages in unsecured and microfinance institutional loans and steady recovery trends that may benefit credit costs.The report, however, flagged that deposit flows remain weak and incremental credit‑deposit ratios are running very high.”Even with better Q3 o…