[ad_1] BENGALURU: Axis Bank, India’s third-largest private lender, said on Wednesday it was planning to raise up to Rs 12,000 crore ($1.46 billion) through the sale of Basel III compliant Tier II bonds. The fund raise will include a base issue of up to 1,000 bonds, aggregating to Rs 1000 Read more…
[ad_1] Benchmark equity indices pared most of their intraday losses helped by upbeat November services activity data and ended flat on Monday. The 30-share Sensex ended 34 points lower at 62,835, while its broader peer Nifty 50 ended at 18,700 level. In the Sensex pack, , , , Dr Reddys Read more…
[ad_1] It was yet another fantastic day for the banking pack on Dalal Street, as the Nifty Bank index surpassed the 43000-point mark for the first time ever on Thursday and notched more than 4% gains in the November derivative series. This is the second straight series of gains for Read more…
[ad_1] In tandem with weak global cues, key equity indices snapped 2-day gaining streak and ended lower on Thursday, led by HDFC twins and IT stocks. The 30-share Sensex ended 230 points lower at 61,750 while its broader peer Nifty 50 ended just above the 18,350 level. Among Sensex stocks, Read more…
[ad_1] Strategy Positions: Sell 1 lot Bank Nifty 20 October 38200 Put at 82 & Sell 1 lots 20 October 40400 Call at 80, Total premium in-flow: 162; Target: 20; Stop loss: 250. Rationale: The banking index gained marginally last week and largely consolidated near 39,000 levels despite continued depreciation Read more…
[ad_1] “For now, the bias is still positive till the time we hold that 16,750-16,800 mark and the momentum shifts towards extreme positivity at about 17,400. So, right now, we are still bang in the middle of the range, waiting for further breakouts,” says Nooresh Merani, independent technical analyst. Edited Read more…