Eight of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's 2.5 per cent gain.
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The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government. The RBI's payout comes at a time the government strives to tackle a nearly five-year low economic growth with lakhs of estimated job cuts across sector...
The Nifty PSU Bank index, which comprises stocks of the government-owned lenders, jumped as much as 6.46 per cent on Monday.
Domestic stock markets started Monday's session on a strong note, after the government announced measures to shore up the economy. The S&P BSE Sensex index jumped as much as 393.76 points to touch 37,094.92 in early trade, and the broader NSE Nifty benchmark traded above the 10,900 mark after hitting 11,000.55 in pre-market trade. Gains across bank...
Commercial lenders such as State Bank of India (SBI) are required to provide a certain number of transactions free of cost to their customers every month under current banking rules. Any additional transactions attract charges depending on factors such as the type and location of ATM. State Bank of India (SBI), the country's largest lender by asset...
Domestic stock markets registered sharp losses on Thursday hurt by a selloff across sectors. The S&P BSE Sensex index fell as much as 328.89 points to 36,731.48, and the broader NSE Nifty benchmark moved to an intraday low of 10,813.10, down 105.6 points from the previous close. A selloff in banking, automobile, metal and energy sector stocks deepe...
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