Stock Market News today, PSU banks: The year 2024 was a roller-coaster ride for Indian stock markets, marked by volatility driven by the Lok Sabha elections, Union Budget 2024, a slowdown in corporate earnings, and sticky inflation. Geopolitical tensions - particularly between Israel and Iran in West Asia - along with various stimulus announcements by China and yen carry trade rocked the equity markets throughout the year.
Public sector banks (PSBs) have proposed the Finance Ministry their plan to raise Rs 54,800 crore through Additional Tier-1 (AT-1) and Tier-2 bonds in the current financial year (FY25), 37 per cent more than the Rs 39,880 crore raised in FY24
Amid low growth elsewhere, gross value added (GVA) growth in agriculture and allied activities recovered during the second quarter of the current financial year (Q2FY25) to 3.5 per cent year-on-year (Y-o-Y) due to strong monsoon. Experts feel that the rains have laid the foundation of an even better GVA performance in subsequent quarters. GVA growth in the first quarter of FY25 was 2.0 per cent.
Kiran Powar and Connor Williams missed centuries as Baroda won by 220 runs.
Baroda amassed 318 runs for the loss of nine wickets in their first innings on Day One of the Ranji Trophy match against Uttar Pradesh in Lucknow on Saturday.
A round-up of the Ranji Trophy matches played on Saturday.
Shashwat Rawat led India A's dramatic recovery with an unbeaten 122 to steer them to 224 for seven on day one of the Duleep Trophy tie against India C in Anantapur on Thursday.
Arun Karthik hammered nine boundaries and three sixes, in his match-winning knock and fittingly finished the game with a boundary.
Baroda were 11 without loss in their second innings and still need 276 runs to save the match.
Punjab were 323 for eight, still needing 47 more runs to surpass the Baroda first innings total on the third day of the Ranji Trophy Elite Group 'A' cricket match.
The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to touch Rs 236 trillion. The operating and net profit were also robust. At Rs 1.5 trillion, operating profit grew by 14.4 per cent year-on-year (Y-o-Y) while the net profit saw an impressive 25.6 per cent jump at Rs 85,520 crore in the first half of FY25.
Enterprising women business correspondents, known as BC Sakhis, have facilitated transactions worth Rs 27,000 crore in Uttar Pradesh, earning Rs 75 crore in commission over the past four and a half years. BC Sakhis, appointed under the nationwide women empowerment programme, are members of self-help groups (SHGs) who are trained and certified to provide banking and financial services in rural areas.
RCB all-rounder Swapnil Singh, who entered the IPL in the second half and made an immediate impact, opened up on his "emotional" cricketing journey that saw him experience numerous ups and downs and his relationship with star batter Virat Kohli.
The bench referred to three reports submitted by the cyber cell police which said the beneficiaries were added to the bank account without any message or OTP received on the registered mobile number and email to the registered email account.
Baroda were bowled out for 229 by Hyderabad on day one of the Ranji Trophy match
Baroda knocked of the remaining 32 runs to beat Punjab by four wickets in the Ranji trophy match
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
An unbeaten 59 by Rakesh Solanki gave Baroda the first innings lead against Haryana in the Ranji Trophy Elite division match on Saturday.
Both hit unbeaten centuries as Baroda raced to 268 for 2 in reply to Uttar Pradesh's first innings total of 346 in the Ranji Trophy match.
Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends. "The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. "Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices and market volatility.
Baroda took control of their Group B Ranji Trophy match after bowling out Vidarbha for 264 on the second day Vadodara.
A crucial first innings lead of 35 runs enabled Baroda secure two points.
Utkarsh Patel and Bhargav Bhatt held their nerves under tremendous pressure to lead Baroda to a thrilling one-wicket win over Haryana in their Ranji Trophy Group B match in Rohtak.
Left-arm spinner Bhargav Bhatt spun the web around Odisha's batsmen to put Baroda in a commanding position at the end of the opening day's play in a Ranji Trophy Group B match in Vadodara.
Maharashtra opening batsman Rohan Bhosale's century went in vain as Baroda beat Maharashtra by four wickets in Rajkot on Saturday to qualify for the knockout stages of the Ranji Trophy one-day tournament along with Mumbai. Chasing 251 for victory, Baroda's top order batsmen clicked in unison as they cantered to victory with more than 10 overs to spare.
The Irfan Pathan household in Baroda had a special guest on Monday as they hosted Sachin Tendulkar.
Replying to Uttar Pradesh's first innings of 269, Baroda were 259 for the loss of five wickets at close of play on day 2 of the Ranji Trophy match.
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
A 71-run unbeaten 10th wicket partnership between SD Vohra and SM Singh helped Baroda reach a respectable total of 241 for 9 on the opening day of their Ranji Trophy Super League tie.
Baroda batted with grit to force a draw after being asked to follow-on in their Ranji Trophy Super League Group B match against Andhra Pradesh in Visakhapatnam.
Baroda took a 172-run first innings lead against Karnataka on the second day of the four-day Ranji trophy Elite Group 'A' match.
Tamil Nadu are well on course for a record fifth Vijay Hazare Trophy after the Southern side scored a convincing six-wicket win over Baroda in the first semi-final of the domestic ODI tournament at the Feroze Shah Kotla stadium, in New Delhi on Thursday.
To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.
Shreyas Iyer slammed 178, while captain Siddhesh Lad made a responsible 130, to power Mumbai to an imposing score of 439 for eight against Baroda, on Day 1 of the Ranji Trophy match.
Shreyas Iyer continued with his red-hot form, smashing a stroke-filled 233 to lead Mumbai to a massive 602/4 declared in their Ranji Trophy Elite Group A match against Odisha.
It will be the second Budget of the Modi 3.0 government and eighth straight Budget for Nirmala Sitharaman, rare in Indian polity.
Mayank definitely has that X-Factor
Baroda were 82 for 1 in their Ranji Trophy match against Services, which saw only 26.2 overs being bowled because of wet conditions and bad light.
'The RBI's MPC will maintain the current policy rates (6.50%) at the policy meeting, given ongoing inflationary pressures.'
