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.

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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.

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Stocks To Watch: Bandhan Bank, Cipla, IDFC Bank, Mindtree, NMDC

Gold Silver Reports (GSR) – Stocks To Watch: Bandhan Bank, Cipla, IDFC Bank, Mindtree, NMDC — Stocks in Asia followed their U.S. counterparts higher on signs that an escalation of trade tensions was beginning to ease.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.2 percent at 10,174.50 as of 7:20 a.m.                 

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IPO Market Report

IPO Market Report – ICICI Securities’ Rs 4,017-crore initial public offer was subscribed 68 percent as of 1:00 p.m. on final day of subscription. ✅ Portion reserved for …

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