Mon, Nov 25, 2024
As the government's anticipated push is seen to augur well for the banking pacl, the index logged best gains of over 4 per cent.
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Mon, Jul 29, 2024
Nifty PSU Bank in Monday’s session (July 29) emerged as the top sectoral performer as the banking sector is showcasing strong Q1. Last, at the time of writing this copy, the index was up over 3 per cent at 7,490.4.
Tue, May 14, 2024
Highest dividend paying stocks in Nifty PSU Bank space: From Bank of Maharashtra to Union Bank of India, here are the highest dividend paying stocks from Nifty PSU Bank universe in the last 12 months, as per data available on Trendlyne. Do you own them?
Mon, May 06, 2024
Infrastructure-related NBFC stocks such as REC, IREDA and PFC plunged more around 6-12 per cent.
Tue, Dec 05, 2023
Overtaking previous crucial hurdles of 46,300-46,500 has triggered fresh upside in the index, which is poised to scale uncharted territories in the coming sessions
Thu, Dec 29, 2022
Nilesh Jain, who is Assistant Vice President - Lead Derivative and Technical Research at Centrum Broking, recommended buying SBI shares for targets of Rs 630 and Rs 650, estimating a 7 per cent upside from current levels. The support, he said, is at Rs 585
Tue, Dec 27, 2022
The extensive rally of state-owned banks can be attributed to a turnaround with comfort on asset quality; reversal of treasury losses, and credit growth pick-up among other factors.
Fri, Dec 16, 2022
Credit Suisse has recommended a buy in SBI shares at a price level of Rs 616. The brokerage maintains an ‘Outperform’ rating on it with a price target of Rs 730, estimating an 18 per cent upside. This translates into Rs 114 per share gains
Wed, Dec 14, 2022
The volatility seen in 2022 is likely to carry forward till the first half of the next year, WhiteOak Capital, Chief Executive Officer, Aashish P Sommaiyaa said while speaking to Zee Business.
Tue, Dec 13, 2022
The Nifty Bank on Tuesday continued its bully rally and touched a new lifetime high. Similarly, even the Nifty PSU Bank index also hit a record high.
Tue, Dec 06, 2022
The Nifty PSU Bank index hit a new high of 4,277.75 intraday trade, up 3 per cent. At around 02:45 PM, the index was up over 1 per cent to 4,201.55 as compared to a 0.50 per cent fall in the Nifty 50 index.
Mon, Dec 05, 2022
Meanwhile, Jefferies has put a price target of Rs 1150 while maintaining a ‘Buy’ recommendation. In a note, analysts in Jefferies have highlighted bank’s focus on strategic initiatives and priorities including digitalisation and network expansion
Wed, Nov 09, 2022
Shares of these three public sector lenders have reported stellar growth in terms of both month-on-month (MoM) and year-to-date (YTD) in October, according to a report released by Motilal Oswal.
Mon, Nov 07, 2022
Nifty PSU Bank closed among the top gainers, up nearly 4.5 per cent to 3,690.15 levels, led by a robust rally in State Bank of India and Bank of Baroda on Monday.
Thu, Aug 25, 2022
The Nifty50 reclaimed 17,700 in early trade and was trading at 17,687.20 with 0.47% gain in intraday trade on 25 Aug. Likewise, Sensex rose 293.28 points or 0.50% to 59,378.71.
Mon, Jan 03, 2022
Technical Analyst Nilesh Jain opines that the PSU Bank stocks are up for a major rally from here. He recommends a buy on SBI, Canara Bank and Bank of Baroda
Thu, Sep 30, 2021
Analyst Nilesh Jain was bullish on SBI. It has already achieved its target of Rs 450 and corrected to cross this level again. Any correction in this stock is a buying opportunity, he said. This stock was trading at Rs 454.15 around this time, down by 1.3 per cent. He puts the target price at Rs 480 and Rs 500
Thu, Aug 26, 2021
Nilesh Jain Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking said that the stock is not the best option for retail investors if they are looking for investing in a PSU bank
Tue, Aug 24, 2021
Stocks to Buy – SBI - Is the stocks seeing a trend reversal after two successive days of correction? What should the investors do now? Nilesh Jain, Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking has answers to your questions
Wed, Aug 18, 2021
Canara Bank Share Price – State run Canara Bank Limited launched the Qualified Institutional Placement (QIP) of equity shares on Tuesday to raise funds up to Rs 2,500 crore.
Mon, Aug 16, 2021
Out of the 13 stocks on the Nifty PSU Bank index, 3 advanced around this time, 9 declined while 1 stock remain unchanged. The three stocks that were trading positively were Canara Bank, J&K Bank and Indian Bank. Meanwhile the top three losers were Maharashtra Bank, UCO Bank and Indian Overseas Bank (IOB)
Thu, Aug 12, 2021
All 13 stocks on the Nifty PSU Bank index were trading positively around this time. The Biggest gainer was Punjab & Sind Bank whose shares were up almost 4 per cent from the last closing price on Wednesday. The next top gainers were J&K Bank and Indian Overseas Bank (IOB)
Thu, Jul 29, 2021
Top Stock to Buy – SBI - Technical analyst Nilesh Jain says that State Bank of India share is index heavy weight and any material impact on the index and overall market will be from the movement of SBI shares. This stock is on its way to achieve the target price of Rs 450 on the positional term basis. The higher target is around Rs 500, he adds
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