Bank sector stocks

The Indian stock market has regained some lost ground with Nifty still trading in the red, down 12 points and is trading at 11,893 while the Sensex shed 51 points and is trading at 39,705 level.Nifty Realty added over half a percent led by Indiabulls Real Estate, Godrej Properties, DLF and Prestige Estates.The top gainers from the media space are Zee Entertainment which jumped over 2 percent followed by Inox Leisure, TV Today, Sun TV Network and Network18.Close However, Nifty PSU Bank continues to underperform all other sectors, dragged by Punjab National Bank, Union Bank of India, Central Bank of India, Bank of India, Canara Bank and Oriental Bank of Commerce. related news Motilal Oswal cuts L&T target price on lower growth expectation D-Street Buzz: IT stocks drag led by TCS; Zee Ent falls 3%, Indiabulls Housing most active South Indian Bank share price declines on rating revision India VIX is down 2.55 percent at 13.76 … [Read more...] about D-Street Buzz: Over 200 stocks hit 52-week low on BSE; Jet Airways plunges 20%, Zee Ent gains

US President Donald Trump would meet with Chinese President Xi Jinping at the G20 summit later this month, and trade talks would restart after a recent lull. This led to some cheer in Dalal Street with benchmark indices adding close to 1 percent each.Nifty is up 92 points and is trading at 11,784 while the Sensex jumped 324 points and is trading at 39,370 level.Nifty Realty is the outperforming sector, up close to 2 percent led by Unitech, DLF, Godrej Properties, Oberoi Realty, Phoenix Mills and Sunteck Realty.Close Metal stocks are also buzzing led by Tata Steel which jumped 3 percent followed by Hindalco Industries, Jindal Steel & Power, NMDC, SAIL, Vedanta, Hindustan Zinc, NALCO and Jindal Stainless. related news Motilal Oswal cuts L&T target price on lower growth expectation D-Street Buzz: IT stocks drag led by TCS; Zee Ent falls 3%, Indiabulls Housing most active South Indian Bank share price declines on rating revision From the banking space, the … [Read more...] about D-Street Buzz: Metal stocks shine led by Tata Steel; Zee Ent jumps 2%, Jain Irrigation tanks

Yes Bank will certainly raise funds through investments, said Ravneet Gill, managing director and CEO of the bank on December 11, adding that "the market, unfortunately, picked up that there may be some uncertainty around this".The Yes Bank board has taken no decision on the capital infusion offers before it, but has said that options are still under consideration. It said the board is favourably considering Citax Holdings and Citax Investment Group's $500 million offer.The board decided that the final decision regarding allotment to Citax Holdings and Citax Investment Group will follow in the next board meeting, subject to requisite regulatory approval, the filing said.Close “There were two reasons which need to be understood... the first and foremost is that what we mentioned was that we wanted to complete the entire documentation before making the allotment which is a process which is underway... last night (Citax) has written to us saying that all details will be … [Read more...] about Timing of the board meeting could have been better: Yes Bank CEO Ravneet Gill

After a massive 166 times subscription to its initial public offering (IPO), all eyes are now on the listing of Ujjivan Small Finance Bank scheduled on December 12.Strong response to the Rs 750-crore public issue suggests a stellar opening with many experts expecting the scrip to open with at least 50 percent premium over the issue price of Rs 37 per share.The grey market premium on the stock has increased from Rs 10 – 12 (as on November 17, 2019) to Rs 25– 29 (till Dec 10), sources told Moneycontrol.Close "We believe the listing premium is likely to hover in the range of Rs 20–25," Narendra Solanki, Head Fundamental Research (Investment Services) - AVP Equity Research, Anand Rathi Shares & Stock Brokers told Moneycontrol. related news Did you invest in Ujjivan Small Finance Bank IPO? Here's the allotment status How to check Ujjivan Small Finance Bank IPO allotment status Construct 'covered call in Ujjivan Financial' for getting benefit … [Read more...] about Ujjivan Small Finance Bank IPO: Analysts expect 50% listing premium on Dec 12

Saudi Aramco shares surged the maximum permitted 10 percent above their initial public offering (IPO) price on their Riyadh stock market debut on December 11, nearing a $2 trillion valuation.The shares leapt to 35.2 riyals ($9.39) each, up from the IPO price of 32 riyals. The daily limit of price move allowed by the Tadawul exchange is 10 percent.That gives the state-owned oil giant a market value of about $1.88 trillion, comfortably making it the world's most valuable listed company, although it will have one of the smallest "free floats" of publicly tradeable shares, at just 1.5 percent. This will help it achieve the $2 trillion valuations sought by Saudi Crown Prince Mohammed bin Salman.Close Saudi Arabian Oil Co (Aramco) raised a record $25.6 billion in its IPO last week, giving it a market value of around $1.7 trillion. related news MSCI, S&P Dow Jones, FTSE Russell could fast-track Aramco into indices Politics | New energy in India-Saudi Arabia ties … [Read more...] about Saudi Aramco IPO: Shares list with 10% gains on Riyadh stock exchange