SBI returns to being Citi’s preferred PSU banking pick with stock near 52-week high

Brokerage firm Citi expects SBI to deliver a return on assets (ROA) of around 1% and a return on equity (ROE) of 14-15% during financial years 2026 and 2027.

Brokerage firm Citi expects SBI to deliver a return on assets (ROA) of around 1% and a return on equity (ROE) of 14-15% during financial years 2026 and 2027.

Sensex Today | Stock Market LIVE Updates:After a 1,000-point rally in 14 trading sessions, the Nifty 50 index has given up a fourth of that already during this ongoing four-day losing streak. Today is also the weekly expiry of the…

Shares in Japan and Australia edged up while those in South Korea retreated. The S&P 500, Nasdaq 100 and a gauge of global stocks each dropped 0.3% Wednesday, extending declines from the prior day.

Brent traded above $69 a barrel after gaining 2.5% on Wednesday, while West Texas Intermediate was near $65.

White House officials said that the proposal for an equity stake was made when the companies proposed that a part of the loan repayment be pushed to later years.

Piper Sandler wrote in its note that although the trend of major gains in the US markets is not over yet, the risk-reward for the short-term appears unfavourable. Nomura advised bullish investors to continue hedging their bets.

Lenacapavir, developed by Gilead Sciences and approved earlier this year for HIV prevention under the brand name Yeztugo, is a twice-yearly injection that was nearly 100% effective at preventing HIV in large trials.

The refund amount includes interest of ₹8.89 crore, the company informed. Shares of New India Assurance Company Ltd ended at ₹195.50, down by ₹0.65, or 0.33%, on the BSE.

Shares of Gujarat Pipavav Port Ltd ended at ₹153.25, down by ₹2.70, or 1.73%, on the BSE.

NSE CEO Ashishkumar Chauhan said SEBI will consider stakeholder views before any move on curbing weekly expiries, adding that initial volume impact would normalise over time after consultation.