Budget 2020

Lofty valuations factor in key positives for risk conscious Kotak Bank: Analysts

NEW DELHI: ‘s March quarter earnings missed analysts’ estimates on the profit front led by lower-than-expected growth in net interest income (NII) and higher provisions. Analysts say the private lender has been risk conscious for a while, which has taken a toll on its growth. Analysts believe the stock will closely track growth momentum, which […]

Budget 2020

Sensex sees best Budget week in 10 years with 4,400-point rise

Mumbai: The Budget rally on Dalal Street continued for the fifth consecutive session on Friday, taking the Sensex past the 51k mark for the first time ever, but it closed below that level. With SBI, and HDFC Bank leading, the Sensex touched an all-time high of 51,073 points, before ending 117 points up at 50,732 […]

Budget 2020

Can SBI outperform HDFC Bank in the long run?

The next 10 years will bethe decade of the PSU banks. It is very easy to find a Baroda or a Canara or a PNB to give you a 50% or a 70% return from here, says Sanjay Dutt, Director, Quantum Securities. In your twitter handle a couple of days ago, you had made a […]

Budget 2020

Markets surge to lifetime highs; Nifty breaches 13,000-mark

Equity benchmarks Sensex and Nifty rallied to fresh lifetime highs on Tuesday following heavy buying in banking, financial, realty and auto counters amid persistent foreign capital inflows. A strengthening rupee also boosted market sentiments, traders said. After scaling a record intra-day high of 44,601.63, the 30-share BSE Sensex ended 445.87 points or 1.01% higher at […]