The Nifty held on to the 5,250-mark for the better part of Wednesday and closed at 5,239 levels. In an interview to CNBC-TV18 Sudarshan Sukhani of S2analytics.com said, the trend for the market for the month of May is on the downside. He expects the Nifty to break 5,200 levels and drift lower. “The [...]
The Sensex and the Nifty pared gains with the benchmark index and the 50-share NSE index both flat. Blue chips lead decliners, with ITC, Infosys and banking stocks all were down. Foreign investor selling has been a top concern this week, with net sales reaching a provisional 13.4 billion rupees over the previous [...]
Shares of private sector lender Federal Bank gained 1.82% after the company reported better than expected growth of 38.4% year-on-year in its net profit of Rs 238 crore due to fall in non-performing assets (NPAs) and less provisions in the fourth quarter of FY12. Analysts on average had expected net profit at Rs 198 crore. [...]
C Rangarajan, chairman, PMEAC says IIP numbers are disappointing. Sharp decline in capital good is the reason for decline in industrial production. He also says that we really need to a take close look at the manner in which numbers have been generated. Therefore, I would wait and see whether these numbers do hold [...]
The BSE Sensex and NSE Nifty closed flat after shedding all its gains in the last couple of hours of trade due to weak European cues. It was looked like a nice rebound in the morning trade, with the Sensex rising more than 150 points led by appreciation in rupee. However, the fall in European [...]
The BSE Sensex and NSE Nifty opened 0.5% lower on Friday morning following weak Asian cues. Oil & gas and technology stocks were under pressure. SKS Microfinance shot up 17% after cabinet cleared Microfinance Bill yesterday, overriding state legislations on microfinance institutions. The BSE benchmark was down 33.54 points at 16,386.51 and the [...]
Aditya Birla Money is bullish on Yes Bank and has recommended buy rating on the stock with a target price of Rs 398.5 in its May 11, 2012 research report. “Yes Bank, the growth in profit was mainly driven by strong net income growth and lower provisioning. Net interest income grew by 28.6% YoY [...]
The NSE Nifty stayed below the 4950 level due to consistent sell-off in banks, oil & gas, technology and metals stocks. Market experts feel the next support level would be at 4800 level as benchmarks have been falling in five out of six sessions since last Friday. Sudarshan Sukhani, s2analytics.com sees the market closing [...]
NEW YORK (AP) — The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days. In the 1980s and 1990s, he was the protege of banking industry legend Sanford Weill. In the early 2000s, he took over Bank One, an institution few believed was fixable, and [...]
Dolat Capital is bullish on Union Bank of India (UBI) and has recommended buy rating on the stock with a target price of Rs 209 in its May 11, 2012 research report. “Union Bank of India’s (UBI) net interest income (NII) grew 9% YoY to Rs 18.8bn – 2.6% lesser than our estimates of [...]
