IDBI Bank share price jumped nearly 7% on Thursday amid reports that the banking regulator issued a ‘fit and proper’ report on bidders for the divestment of the bank. IDBI shares rallied as much as 6.91% to hit an intraday high of ₹94 apiece on the BSE with heavy volumes traded. The Reserve Bank of … Read more
Certainty in the election outcome and renewed foreign investor inflows into Indian equities have pushed benchmark indices to new peaks for two consecutive sessions. However, the banking index has not mirrored this trend. Does the election impact the banking sector? If yes, would a likely third term for Modi benefit private banks or public sector … Read more
Over the past month, the Indian market has been dilly-dallying around the ground of the all-time range. Nifty50 is trading within a broad range of 1000 points, between 21,800 to 22,800. Although the market lacks a clear direction, it shows a positive trend as there has been no loss in investor value. The country’s total … Read more