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Nifty Traders Overlook Recent Weakness and Shift Bullish Bets to August

by Craig Fedirighi
Nifty Traders Overlook Recent Weakness and Shift Bullish Bets to August

Mumbai: Traders mostly carried forward bullish equity futures bets to the August series on Thursday – when NSE’s July contracts expired, shrugging off the recent weakness in the market following …

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Categories Business

Sensex Plummets by 440 Points as Nifty Struggles at 19,650

by Craig Fedirighi
Sensex Plummets by 440 Points as Nifty Struggles at 19,650

MUMBAI: Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure on Thursday as investors pared exposure to bellwether stocks HDFC Bank, M&M, Nestle and Reliance Industries amid a …

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Categories Business

HDFC Bank Collaborates with Swiggy to Introduce a New Credit Card; Promising Exciting Benefits, Cashback Offers, and More

by Craig Fedirighi
HDFC Bank Collaborates with Swiggy to Introduce a New Credit Card; Promising Exciting Benefits, Cashback Offers, and More

Swiggy, in collaboration with HDFC Bank, has introduced its first ever co-branded credit card. The Swiggy HDFC Bank credit card, hosted on Mastercard’s payment network, offers a range of rewards …

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Categories Business

Market Preview: 10 Factors that will Impact Wednesday’s Trading Activity

by Craig Fedirighi
Market Preview: 10 Factors that will Impact Wednesday’s Trading Activity

Benchmark equity indices Sensex and Nifty ended almost flat in a see-saw trade on Tuesday as investors traded cautiously, awaiting cues from the US Federal Reserve’s policy stance. Foreign fund …

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Categories Business

Kotak Bank’s Shares Fall 3.8% on Succession and Valuation Worries

by Craig Fedirighi
Kotak Bank’s Shares Fall 3.8% on Succession and Valuation Worries

Mumbai: Shares of Kotak Mahindra Bank dropped 3.8% on Monday despite June quarter results exceeding expectations. Most analysts marginally raised or retained their price targets on the stock after the …

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Categories Business

Nifty50: 10 Key Factors Shaping Tuesday’s D-Street Activity

by Craig Fedirighi
Nifty50: 10 Key Factors Shaping Tuesday’s D-Street Activity

Indian equities ended on a weak note in a volatile trade for the second trading session in a row on Monday. The sharp decline in heavyweights including RIL, ITC, and …

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Categories Business

HDFC Bank projects a credit growth rate of 17-18% for the current year

by Craig Fedirighi
HDFC Bank projects a credit growth rate of 17-18% for the current year

NEW DELHI: Country’s biggest private sector lender HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand. Effective July 1, the …

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Categories Business

Top Bulk & Block Deals This Week: Amara Raja Emerges as Leader with Rs 10,900 Crore Transactions

by Craig Fedirighi
Top Bulk & Block Deals This Week: Amara Raja Emerges as Leader with Rs 10,900 Crore Transactions

The week gone by saw a bunch of prominent block and bulk deals in nearly two dozen companies. The total deal value stood at Rs 10,926 crore with a lion’s …

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Categories Business

Santanu Chakrabarti, BNP Paribas Analyst, Explains Why SBI Q1 Results May Surprise Investors

by Craig Fedirighi
Santanu Chakrabarti, BNP Paribas Analyst, Explains Why SBI Q1 Results May Surprise Investors

NEW DELHI: India’s largest lender State Bank of India (SBI) is expected to surprise investors with strong June quarter earnings primarily driven by non-interest income, according to Santanu Chakrabarti, BFSI …

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Categories Business

With a $20 billion arsenal, Mukesh Ambani successfully disrupts NBFC hierarchy with JFSL demerger.

by Craig Fedirighi
With a  billion arsenal, Mukesh Ambani successfully disrupts NBFC hierarchy with JFSL demerger.

Billionaire Mukesh Ambani, the king of disruption, is once again making waves in the financial world. Just as Bajaj Finance became India’s most valued NBFC after a $40 billion reverse …

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Categories Business
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