IDFC Bank-Capital First Merger Gets NSE Approval; Shares Gain
Shares of the Mumbai-based private sector lender rose as much as 2.6 percent to Rs 48.75 and the consumer finance firm, Capital First rose as much as 3.5 percent, the most in over a month, to Rs 640 after their merger got a nod from the National Stock Exchange.
V-Mart Retail Surges After Block Deal, Brokerage Upgrade
V-Mart Retail Surges After Block Deal, Brokerage Upgrade Shares of the Delhi-based departmental store chain operator, rose as much as 11.3 percent to record high of …
Punj Lloyd Gains Rises On NHAI Order Win
Punj Lloyd Gains Rises On NHAI Order Win Shares of the Delhi-based infrastructure construction company rose as much as 14.64 percent, most in almost three months, …
Bandhan Bank Makes Strong Debut On Stock Exchanges
Bandhan Bank Makes Strong Debut On Stock Exchanges Shares of the Kolkata-based private sector lender made a strong debut on stock exchanges. The stock opened at …
Saurabh Mukherjea Of Ambit Capital
Saurabh Mukherjea Of Ambit Capital 👍 Do not think RBI has reason to worry with rupee being near 65-mark against the dollar. 👍 Expect 10-year yield to harden …
Banks Extend Gains After Government Cuts Borrowing Plan
Banks Extend Gains After Government Cuts Borrowing Plan
Shares of government and private sector lenders were trading higher after the government cut its first half borrowing plan to 48 percent of its budgeted borrowings.
Gauge of state-run lenders — Nifty PSU Bank index rose 1.4 percent and the gauge for banks — Nifty Bank index gained 0.87 percent.
Indian Equity Benchmarks, Bonds and Rupee
Indian equity benchmarks, bonds and rupee rose after the government decided to cut its first half market borrowing to 48 percent of its annual borrowing plan.
The S&P BSE Sensex rose 0.4 percent or 130 points to 33,196 and the NSE nifty 50 index advanced 0.4 percent or 45 points to 10,175.