Latest News
-
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy -
3 Bonus, 1:2 Split, 38 Dividends: Rs 1,915 Midcap IT Stock To Pay 360% Dividend After Q4 Profit Rises -
EU Finds No New ETO Cases in Indian Organic Exports Post-Dec 2020 -
1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr -
Edelweiss Alternatives Expands Portfolio with Bengaluru's MMTP Projects Acquisition -
1:2 Split, 1:1 Bonus, Rs 28/Sh Dividend: Mahindra's IT Stock To Pay 560% Dividend; Check Record, Payment Dates -
Kotak Mahindra Bank Takes Steps to Address RBI's IT Compliance Issues -
IndiGo to Expand Fleet with Up to 100 Airbus A350 Wide-Body Aircraft
Sensex, Nifty Open Steady; Banking Stocks Continue to Decline
The Sensex and the Nifty opened the day marginally higher despite a decline in banking stocks a day after the Reserve Bank of India held repo rates steady.
Banking stocks that declined in trade was Axis Bank which declined for the second straight day in a row, ICICI Bank and State Bank of India.
Punjab National Bank which reported a dismal set of results on Tuesday continued to grind lower.
ONGC was in the limelight after reports that the oil ministry proposed a new subsidy sharing mechanism.
Real estate stocks also came in for some selling pressure after the Reserve Bank of India did not cut interest rates. Stocks that dropped in trade were DLF, Unitech and Sobha Developers.
Hero Motor Corp also dropped in trade after results failed to match expectations. Other auto majors like Maruti and Mahindra and Mahindra were having a good day in trade.
Meanwhile, markets across Asia rallied in trade after US markets gained following a rise in crude prices. The Japanese Nikkei, Shanghai Composite and the Singapore's Strait Times were all higher.
GoodReturns.in
