Tight liquidity may weigh on financial stocks, though fundamentals remain stable, says Suresh Ganapathy, Managing Director and Head of Financial Services Research India at Macquarie Capital. He expects private banks to deliver around 15% return on equity with healthy asset…
The stock is also headed towards oversold levels. The Relative Strength Index (RSI) on the charts is at 38. An RSI reading below 30 indicates that the stock is in oversold territory.
Higher crude oil prices are likely to impact the earnings of OMCs, as they could face marketing losses even if crude averages around $75 per barrel.
Matt Orton of Raymond James has aggressively de-risked portfolios, raised cash holdings to about 15% and advises waiting for clearer signals before buying. Orton said quality stocks are becoming attractive after the correction, highlighting Mahindra & Mahindra and private sector…
Gold and silver prices in India fell on March 16 due to weaker global bullion prices and reassessment of US interest rates. Gold futures on MCX dropped ₹1,339 to ₹1.57 lakh per 10 grams, while silver futures fell ₹4,089 to…
The company said its Potassium Phosphates Injection is bioequivalent and therapeutically equivalent to the reference listed drug from Fresenius Kabi. Glenmark plans to begin distribution of the product in March 2026.
As a result of the fall in PSU Banks, three stocks, Punjab & Sind Bank, Indian Overseas Bank, and UCO Bank, have declined to a 52-week low.
Yields on China’s 30-year bonds are nearing the highest close since September 2024 due to rising oil prices from the Iran war. The 30-year bond yields rose to 2.4%.
The founder of Indiacharts & Strike Money says Nifty has slipped below its 20-month average and broken the long-term trend from the Covid lows — an early warning sign for markets. India VIX has not yet reached panic levels that…
Following the recent correction, shares of IDBI Bank are trading at around 1.5x price-to-book value. The stock has declined about 30% in the past month but remains roughly 6% higher over the last one year.