Top lenders such as State Bank of India (SBI), HDFC Bank and ICICI Bank, among others, offer fixed deposits.
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NIFTY 200's Latest News
Domestic stock markets closed around 1.3 per cent higher on Wednesday, breaking a three-day losing streak. The S&P BSE Sensex rose 489.80 points to settle at 39,054.68, and the NSE Nifty ended at 11,726.15, up 150.20 points from the previous close. Strong buying interest in banking, financial services, IT and energy stocks pushed the benchmark inde...
Strong buying interest in banking, financial services, IT and energy stocks in afternoon deals pushed the benchmark equity indexes higher. Oil & gas shares such as Indian Oil, Bharat Petroleum and ONGC jumped as crude oil prices eased from 2019 highs. Analysts expect volatility to continue in the domestic equity markets going forward.
Indian equity benchmarks erased gains as banking stocks like HDFC Bank, IndusInd Bank, State Bank of India and Yes Bank came under selling pressure.
Stock market updates: Top laggards on the Nifty 50 index were Bharat Petroleum, Indian Oil, Yes Bank and Indiabulls Housing Finance. Reliance Industries, HDFC and ICICI Bank were the top drags on the S&P BSE Sensex.
FDs with lock-in periods of five or 10 years offer income tax benefits under Section 80 C of Income Tax Act, 1961. Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, among others offer the option of opening a fixed deposit.
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