GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of State Bank of India (SBI) will be in focus on Thursday after the country’s largest lender announced plans to raise up to $3 billion in the current financial year. In a regulatory filing on Wednesday, SBI said its Executive Committee of the Central Board will meet on May 20 to consider long-term fundraising options. The committee will “examine the status and decide on long-term fundraising in single/multiple tranches of up to USD 3 billion through a public offer and/or private placement of senior unsecured notes in US dollars or any other major foreign currency during FY2025-26,” the bank stated. Also Read: Stocks in news: Patanjali Foods, ITC Hotels, Tata Power, SBI, HUL, Balu Forge SBI Q4 earnings Live Events On May 3, SBI reported a 10% year-on-year decline in standalone net profit to Rs 18,643 crore for the quarter ended March 2025, compared to Rs 20,698 crore in the same period last year. Total income rose to Rs 1,43,876 cro...

[hfe_template id='11223'] [ad_1] The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,60,314.48 crore last week, with Reliance Industries taking the biggest hit, in line with a sluggish trend in equities. Last week, the BSE benchmark dropped 1,047.52 points, or 1.30 per cent. While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, and ITC faced erosion from their market valuation, Infosys, and Hindustan Unilever made gains on the other hand. The valuation of Reliance Industries tumbled Rs 59,799.34 crore to Rs 18,64,436.42 crore. ICICI Bank's market valuation dropped Rs 30,185.36 crore to Rs 9,90,015.33 crore. The valuation of HDFC Bank tanked Rs 27,062.52 crore to Rs 14,46,294.43 crore and that of State Bank of India dived Rs 18,429.34 crore to Rs 6,95,584.89 crore. Live Events The market capitalisation (mcap) of Bajaj Finance diminished Rs 13,798.85 cr...

[hfe_template id='11223'] [ad_1] The combined market valuation of seven of the top-10 valued firms surged by Rs 2.31 lakh crore (Rs 2,31,177.3 crore) in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer amid a largely optimistic trend in equities. While Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and ITC emerged as the gainers in the top-10 pack, Tata Consultancy Services, Bajaj Finance and Hindustan Unilever faced losses in their valuation. Last week, the BSE benchmark jumped 1,289.46 points or 1.62 per cent. Equity markets were closed on Thursday for 'Maharashtra Day'. The market valuation of Reliance Industries jumped Rs 1,64,959.62 crore to Rs 19,24,235.76 crore. Bharti Airtel's valuation surged by Rs 20,755.67 crore to Rs 10,56,029.91 crore. ICICI Bank added Rs 19,381.9 crore to Rs 10,20,200.69 crore in its valuation. The market capitalisation (mcap) of HDFC Bank rallied by ...

[hfe_template id='11223'] [ad_1] The combined market valuation of six of the top-10 valued firms soared by Rs 1,18,626.24 crore last week, with Tata Consultancy Services stealing the show with maximum gains. Last week, the BSE benchmark gauge climbed 659.33 points or 0.83 per cent, and the NSE Nifty went up by 187.7 points or 0.78 per cent. Reliance Industries Ltd, HDFC Bank, Tata Consultancy Services (TCS), State Bank of India, Infosys and ITC were the winners, while Bharti Airtel, ICICI Bank, Bajaj Finance and Hindustan Unilever took a hit in their valuation. The market valuation of TCS surged by Rs 53,692.42 crore to Rs 12,47,281.40 crore, the most among the top 10 firms. Reliance Industries added Rs 34,507.55 crore taking its valuation to Rs 17,59,276.14 crore. The market valuation of Infosys jumped Rs 24,919.58 crore to Rs 6,14,766.06 crore and that of HDFC Bank rallied by Rs 2,907.85 crore to Rs 14,61,842.17 crore. Live Events State Bank of India's market capit...

[hfe_template id='11223'] [ad_1] Mumbai: State-run Life Insurance Corp (LIC) Friday refuted US claims of 'special treatment' from the Indian government and regulators, concessions that Washington said helped it secure business from ordinary citizens at the expense of privately-run insurers. In its response to 'favouritism' claims by the US Trade Representative (USTR), LIC also said it operates in a competitive market alongside other insurers in an industry that has witnessed phased deregulation through this millennium. "LIC wishes to clarify that LIC is treated like any other insurance company by the government and regulators. The guarantee-provided at the time of its establishment in 1956-is a statutory provision designed to build public confidence in the early years of nationalisation," the insurer said. "It has never been invoked or used as a marketing tool or provided any undue advantage to LIC." Siddhartha Mohanty, MD & CEO, s...

[hfe_template id='11223'] [ad_1] The combined market valuation of nine of the top-10 most-valued firms surged Rs 3,06,243.74 crore last week, with ICICI Bank and Bharti Airtel emerging as the biggest gainers, in tandem with a bullish trend in equities. Last week, the BSE benchmark gauge surged 3,076.6 points, or 4.16 per cent, and the NSE Nifty jumped 953.2 points, or 4.25 per cent. The market capitalisation (mcap) of ICICI Bank jumped Rs 64,426.27 crore to Rs 9,47,628.46 crore, the most among the top-10 firms. Bharti Airtel's valuation zoomed Rs 53,286.17 crore to Rs 9,84,354.44 crore. HDFC Bank added Rs 49,105.12 crore, taking its market valuation to Rs 13,54,275.11 crore. The mcap of Reliance Industries Ltd surged Rs 39,311.54 crore to Rs 17,27,339.74 crore and that of Bajaj Finance rallied Rs 30,953.71 crore to Rs 5,52,846.18 crore. Live Events The valuation of Tata Consultancy Services (TCS) soared Rs 24,259.28 crore to Rs 12,95,058.25 crore. The mcap of St...

[hfe_template id='11223'] [ad_1] Shares of Jio Financial Services Ltd (JFSL) climbed as much as 2.4% on Thursday to Rs 222.35 on the BSE, extending a three-day rally that has lifted the stock by 10.6% since hitting a 52-week low earlier this week. The non-banking financial company, owned by billionaire Mukesh Ambani, has rebounded from its 52-week low of Rs 198.60 on Monday. The stock had closed 3.3% lower on Monday to close at Rs 200.95 before reversing losses over the past three sessions. Jio Financial’s impending Nifty 50 entry, announced by NSE Indices last month, is anticipated to drive fresh institutional buying. JM Financial estimates that the index addition could bring inflows of approximately $404 million as funds tracking the index rebalance their portfolios. The recent uptrend also comes after Jio Financial announced on March 4 that it is set to acquire State Bank of India’s (SBI) 17.8% stake in Jio Payments Bank for Rs 104.5 crore, making the digital banking ...

[hfe_template id='11223'] [ad_1] Shares of India’s largest PSU lender State Bank of India (SBI) jumped 2.6% to hit a day’s high of Rs 713.55 on the BSE today after the global brokerage firm Citi issued a double upgrade on the stock, moving its rating from ‘sell’ to ‘buy’ and raising the target price to Rs 830. The revised price target suggests an upside potential of 19.4% in the stock from Monday’s closing price. Citi’s latest upgrade comes on the back of strong growth visibility, supported by Xpress Credit traction, a robust corporate pipeline, and an accelerated rollout of home loans (HL). The brokerage firm highlighted SBI’s ability to contain unsecured retail slippages at 0.5%, along with a reduction in the SMA-2 pool, which is expected to curb credit costs. Citi also pointed out that SBI’s valuations remain inexpensive, trading at 0.85x book value, supported by a 1% return on assets (RoA) and a 15% return on equity (RoE). Following this optimistic outlook, investor ...

[hfe_template id='11223'] [ad_1] State Bank of India (SBI) shares will be in focus on Friday after the public sector lender reported an 84% year-on-year (YoY) rise in standalone net profit for the December quarter, reaching Rs 16,891 crore compared to Rs 9,163 crore in the same period last year. The profit exceeded Street estimates of Rs 16,219 crore. SBI's net interest income (NII) for Q3FY25 increased by 4.09% YoY to Rs 41,620 crore from Rs 39,816 crore reported in the year-ago period. Meanwhile, the net interest margin (NIM) contracted by 19 bps YoY and 12 bps QoQ to 3.15% in the reported quarter. SBI's operating profit for Q3FY25 grew by 15.81% YoY to Rs 23,551 crores. Also Read: Will RBI cut interest rates? Morgan Stanley identifies stocks that could benefit the most The interest income in Q3FY25 stood at Rs 1,17,427 crore, up 10% over Rs 1,06,734 crore reported in the corresponding quarter of the last financial year. State Bank of India Q3 Credit Growth The...

[hfe_template id='11223'] [ad_1] Mumbai: India will need ₹1,094 lakh crore to ensure an average annual growth rate of 8-9% by 2036 as per the government's Viksit Bharat plan, State Bank of India chairman CS Setty said. Out of this amount, ₹323 lakh crore has to come from banks while the equity market will have to generate ₹643 lakh crore, Setty said, adding that investors will have to move away from the derivatives markets to spot transactions for more depth and liquidity. "For the first leg of Viksit Bharat that is up to 2036, we envisage a growth rate of at least 8% to 9% on an average. These rates can be achieved if we can increase the investment rate to 35% by 2036 (which is) approximately 200 basis points (2 percentage points) higher than the current levels of 2024. Thus, the domestic savings rates must rise from the present levels by at least 350 basis points to 33.5% so that CAD (current account deficit) stays at around 1.5% of GDP," Setty said in hi...

[hfe_template id='11223'] [ad_1] Shares of the state-owned State Bank of India (SBI) fell by 2.2% on Thursday to an intraday low of Rs 820.10 on the BSE as the company announced the appointment of Rama Mohan Rao Amara as the Managing Director (MD) of the bank. “Vide Notification No. 2/1/2024-BO.I dated 18.12.2024, issued by Department of Financial Services, Ministry of Finance, Government of India, it has been notified that- “In exercise of powers conferred by clause (b) of section 19 read with sub-section (1) of section 20 of the State Bank of India Act, 1955 (23 of 1955), the Central Government hereby appoints Shri Rama Mohan Rao Amara, Deputy Managing Director, State Bank of India as Managing Director in State Bank of India,” said the company in its filing to the exchange. The company further informed that the appointment has been made for a period of 3 years, which will take effect from the date of assumption of the charge of his post. Rama Mohan Rao Amara previously...

[hfe_template id='11223'] [ad_1] ETMarkets.com In the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) meeting on December 6, 2024, the cash reserve ratio (CRR) was reduced from 4.5% to 4%, releasing additional liquidity into the banking system. This move is expected to enhance the lending capacity of banks, supporting credit growth and economic recovery. On the other hand, the repo rate was maintained at 6.5%, reflecting a balanced approach to managing inflation, but the subdued GDP projections and ongoing inflationary pressures may limit the broader economic recovery. The CRR cut is expected to boost systemic liquidity, enabling banks to meet credit demand across key sectors. As systemic credit growth moderates to an estimated 10.5% YoY for FY25, the additional funds are poised to play a critical role in revitalising demand, particularly in retail and small business segments. Furthermore, the anticipated start of a rate-cut cycle in early 2025 could prov...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices rebounded sharply on Friday after their steepest drop in nearly two months during the previous session, as traders adjusted their positions for the monthly derivatives expiry. The BSE Sensex was trading 770 points, or 0.97%, higher at 79,814. The Nifty50 was up 217 points, or 0.91%, trading at 24,131 around 11:05 am. Among Sensex stocks, Sun Pharma and Bharti Airtel surged 3%, while M&M, Reliance, L&T, Adani Ports, and JSW Steel traded around 2% higher. On the flip side, Power Grid, IndusInd Bank and SBI traded with cuts. The market capitalisation of all listed companies on BSE surged by Rs 2.27 lakh crore to Rs 445.54 lakh crore. Domestic benchmark indices fell about 1.5% each on Thursday, dragged down by profit booking in IT stocks after a rally and positional adjustments due to November derivatives contract expiry. Meanwhile, Adani stocks opened up to 9% higher amid eight bankers told Reuters tha...

[hfe_template id='11223'] [ad_1] Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points, or 1.59 per cent. The BSE benchmark Sensex jumped 1,961.32 points, or 2.54 per cent, to settle at 79,117.11 on Friday. The NSE Nifty soared 557.35 points or, 2.39 per cent, to 23,907.25. From the top-10 pack, Reliance Industries and Life Insurance Corporation of India (LIC) were the laggards. The market valuation of HDFC Bank jumped Rs 40,392.91 crore to Rs 13,34,418.14 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) added Rs 36,036.15 crore to Rs 15,36,149.51 crore in its valuation. The valuation of ICICI Bank soared Rs 16,266.54 crore to Rs 9,01,866.22 crore and that of Infosys ...

[hfe_template id='11223'] [ad_1] Eight of the top-10 most valued firms together lost Rs 1,65,180.04 crore from market valuation in a holiday-shortened last week, with HDFC Bank and State Bank of India taking the hardest hit in line with a weak trend in equities. Last week, BSE benchmark Sensex fell by 1,906.01 or 2.39 per cent. Equity markets were closed on Friday for Guru Nanak Jayanti. "Mounting concerns over rising CPI inflation and persistent disappointments in corporate earnings weighed heavily on sentiment," Ajit Mishra - SVP, Research, Religare Broking Ltd, said. The valuation of HDFC Bank tanked by Rs 46,729.51 crore to Rs 12,94,025.23 crore. State Bank's market valuation eroded by Rs 34,984.51 crore to Rs 7,17,584.07 crore. The valuation of Hindustan Unilever slumped Rs 27,830.91 crore to Rs 5,61,329.10 crore, and that of Reliance Industries declined by Rs 22,057.77 crore to Rs 17,15,498.91 crore. The market capitalisation (mcap) of ITC dived Rs 15...

[hfe_template id='11223'] [ad_1] Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent. While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 76,622.05 crore from their market valuation. ICICI Bank added Rs 28,495.14 crore, taking its market valuation to Rs 8,90,191.38 crore. The valuation of HDFC Bank jumped Rs 23,579.11 crore to Rs 12,82,848.30 crore. State Bank of India's market valuation climbed Rs 17,804.61 crore to Rs 7,31,773.56 crore and that of Bharti Airtel went up Rs 11,272.45 crore to Rs 9,71,707.61 crore. On the other hand, the market capitalisation (mcap) of Infosys slumpe...

[hfe_template id='11223'] [ad_1] The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 per cent to settle at an all-time high of 84,544.31 on Friday. During the day, it jumped 1,509.66 points or 1.81 per cent to hit the lifetime intra-day peak of 84,694.46. The valuation of ICICI Bank surged Rs 63,359.79 crore to Rs 9,44,226.88 crore, the most among the top-10 firms. HDFC Bank added Rs 58,569.52 crore taking its market valuation to Rs 13,28,605.29 crore. Bharti Airtel's valuation soared Rs 44,319.91 crore to Rs 9,74,810.11 crore. The market capitalisation (mcap) of Reliance Industries climbed Rs 19,384.07 crore to Rs 20,11,544.68 crore. Hindustan Unilever's valuation gained Rs 10,725.88...

[hfe_template id='11223'] [ad_1] Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors' sentiment in equities. Last week, the BSE benchmark jumped 1,707.01 points or 2.10 per cent. The 30-share BSE Sensex hit its lifetime high of 83,116.19 on Thursday. Bharti Airtel's valuation jumped Rs 54,282.62 crore to Rs 9,30,490.20 crore, becoming the biggest gainer among the top-10 firms. The market capitalisation (mcap) of ICICI Bank surged Rs 29,662.44 crore to Rs 8,80,867.09 crore. Tata Consultancy Services (TCS) added Rs 23,427.12 crore taking its valuation to Rs 16,36,189.63 crore. The mcap of Hindustan Unilever soared Rs 22,438.6 crore to Rs 6,89,358.33 crore and that of HDFC Bank zoomed Rs 22,093.99 crore to Rs 12,70,035.77 crore. The market valuation of Infosys climbed Rs 17,480.49 crore to Rs 8,07,299.55 crore and that of ITC rallied Rs 15,194.17 crore...

[hfe_template id='11223'] [ad_1] Options traders are getting less skeptical about Indian banks after months of underperformance. The cost of hedging against volatility in the NSE Nifty Bank Index is near its lowest level since January relative to the broader NSE Nifty 50 Index, indicating less demand for protection. Meanwhile, the number of bearish options outstanding on the banking gauge hit a three-week low on Friday versus bullish contracts, data compiled by Bloomberg show. ETMarkets.com Indian bank stocks have lagged the broader market, with sluggish deposit growth raising concerns that more regulation may be coming. While firms including Morgan Stanley remain bearish, Jefferies Financial Group Inc. says valuations already reflect the worries and a potential easing of liquidity could help smoothen the impact should interest rates fall. Demand for retail loans remains strong, and lenders including HDFC Bank Ltd., Kotak Mahindra Bank Ltd. and ICICI Bank Ltd. beat analy...

[hfe_template id='11223'] [ad_1] The combined market valuation of eight of the top-10 most valued firms surged Rs 1,53,019.32 crore last week, with Bharti Airtel and IT majors Infosys, Tata Consultancy Services emerging as the biggest gainers, in line with a record rally in equities. Last week, the BSE benchmark jumped 1,279.56 points or 1.57 per cent. Rallying for the ninth straight session on Friday, the 30-share BSE Sensex climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61 per cent to hit a record intra-day peak of 82,637.03. The market valuation of Bharti Airtel soared Rs 47,194.86 crore to Rs 9,04,587.12 crore. Infosys added Rs 33,611.37 crore taking its valuation to Rs 8,06,880.50 crore. The valuation of Tata Consultancy Services (TCS) jumped Rs 31,784.9 crore to Rs 16,46,899.17 crore and that of ICICI Bank surged Rs 18,734.3 crore to Rs 8,66,374.41 crore. The market capitali...