'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
Despite constraints, if the new government is able to iron out such drags, the outlook for the rupee will be more positive in the near future.
Global business process management solutions provider Staffware Plc launched its Indian operations on Thursday and received a BPM contract from HDFC Bank Ltd.
Reliance Infocomm Ltd has deployed its first wireless Point of Sale terminal in Mumbai for processing credit card transactions.\n\n\n\n
Sensex, Nifty end the day in red ahaead of F&O expiry.
UBI says banking sector to perform well
'We still need a certain number of large public sector banks for financial inclusion and stability purposes.'
Sensex ends belowe 26,800 on domestic concerns.
Traders said falling crude prices in the global market was a big boost for the economy as it lightens the country's import bill burden, eases inflation and current account deficit concerns.
TCS is the country's most valued firm with a market capitalisation of Rs 687,123.96 crore
ICICI Bank Ltd, India's biggest private sector lender, posted its slowest quarterly growth in four years as asset quality worsened and funds set aside for bad loans and contingencies almost doubled from a year earlier.
At the BSE, 1,552 stocks advanced, while 1,419 declined and 118 remained unchanged.
The Sensex gained 7,430.37 points, or 27.91 per cent, this year.
Shares of RIL surged 4.42 per cent to its all-time closing high of Rs 1,082.20 on BSE.
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Wipro, Steel Authority of India, HDFC Bank, Mahanagar Telephone Nigam, Bharat Heavy Electricals and Reliance Commnications among companies reporting a decline in headcount in FY17.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
A recovery in rupee, buying by domestic institutional investors, encouraging earnings by select blue-chips and stock specific buying helped the market get back on its feet
HDFC, the pioneer, ICICI, the game-changer, and SBI, the original teaser, turned the market on its head.
Pharma shares were the top gainers led by Lupin after the company received EIR from USFDA for its Goa facility
Reducing dependence on wholesalers will give the company better control over its inventory, besides offering greater visibility to new brands, reports Avishek Rakshit.
Investors are anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue.
India has 26 public sector banks, 22 private sector banks and 56 regional rural banks.
Sensex, Nifty post biggest weekly fall this year on inflation data.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
'We can't have the best of both worlds -- large, efficient, world class government-owned banks, doing social banking and making profits. 'Why not set them free from the shackles of such obligations and run them as business units?' says Tamal Bandyopadhyay.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
Sun Pharma was the best gainer among Sensex components, surging 6.91 per cent
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Infosys on Monday overtook Reliance Industries to become the second most influential stock on BSE benchmark Sensex after its shares surged by 1.52 per cent.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
Sentiments turned somewhat weak towards the middle of the session as profit-booking emerged as investors turned cautious on disappointing quarterly earnings by some bluechip companies
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
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