GAGA Share Market News

[hfe_template id='11223'] [ad_1] While the Nifty has ended in the green nine times in the last 10 years, energy and financial services are the only sectors that have matched the 50-stock index in terms of positive outcomes. Both sectors have also delivered superior 10-year CAGR returns of 16% and 13%, respectively, versus 11% by the Nifty. Another striking commonality is that all three of them closed in the red in 2015 and have managed to remain unbeaten since. Financial services stocks, which carry the highest weight in the Nifty at around 34%, have given double-digit annual returns ranging from 11% to 41% on five occasions—2017-2019, 2021, and 2023. Meanwhile, single-digit returns between 5% and 9% were seen in 2016, 2020, 2022, and 2024. The index fell over 5% in 2015. With a 10% weight, the energy sector is the third-biggest contributor to the 50-stock index. As against Nifty’s fall of 4% in 2015, Nifty Energy corrected by less than 1%. This index has yielded double-...

[hfe_template id='11223'] [ad_1] NEW DELHI - The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country's markets regulator, a government source told Reuters. The finance ministry is likely to seek approval of the federal cabinet in the coming months to dilute the stake in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank, the source said. The Indian government owns more than 93% in Central Bank of India, 96.4% in Indian Overseas Bank, 95.4% in UCO Bank and 98.3% in Punjab and Sind Bank as of end-September, according to data on the BSE's website. The plan under consideration is to sell the stake through an offer for sale in the open market, the source said. The Securities and Exchange Board of India (SEBI) requires listed companies to maintain a 25% public shareholding, but has exempted government-owned firms from meeting these norms till Aug...

[hfe_template id='11223'] [ad_1] Synopsis After a gap of almost three months, PSU banks witnessed an across the board up move. If one looks deeper, even in the last three months of correction or rather consolidation, the cut in PSU stocks was not very high. They moved in a sideways range. This is very different if one takes into account how the stock used to lead the correction earlier. The re-rating of PSU banks has to be divided into three parts, the first part which was about clean up of the banking system which was full of NPA brushed under the carpets and they got cleaned up and their balance sheets became more reliable. Second part was mergers which meant improvement in the operational efficiency. Now it is the third part, which is more important, growth and that too profitable growth. Is now the street getting ready to re-rate them because of loan book growth, which is showing green shoots due to the capex cycle starting back In developed markets, transportation ...