SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 – 7 per cent each.
Posts in category Business Standard
Commercial paper rates may rise further as liquidity dries up, say analysts (03-03-2023)
Earlier this week, state-run financial institution NABARD raised three-month funds at 7.65%, which was over 40 basis points higher than what it paid for a similar paper a month ago
Alembic Pharma slips 5%; board approves Rs 1,150 cr as impairment charges (03-03-2023)
This one time impairment impact notwithstanding, we believe this move bodes well for future return ratios and profitability. We expect more impairments in due course, ICICI Securities said in a note.
Adani group shares rally up to 10% as GQG Partners buy Rs 15,446 cr stake (03-03-2023)
The promoters plan to use the proceeds to retire debt and for other purposes.
Gold prices rise by Rs 160 to Rs 56,450, silver price falls by Rs 300 (03-03-2023)
The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 56,600, Rs 56,500, and Rs 57,200, respectively
F&O Strategy: Nandish Shah recommends Bull Spread on PowerGrid Corp (03-03-2023)
The derivative analyst from HDFC Securities recommends to Buy PowerGrid 222.50 Call and simultaneously Sell 230 Call for the March expiry.
Stock Market Live: SGX Nifty climbs over 100 points amid strong global mood (03-03-2023)
Stock market live updates: As of 8:05 am, the SGX Nifty stood at 17,464 levels, up over 100 points
Charts signal likely pullback for Nifty Consumption index: Ravi Nathani (03-03-2023)
According to the technical analyst, the Nifty Consumption index is likely to witness a pullback, and the support range of 7,036 – 6,980 is likely to provide a base for a technical bounce
Stocks to watch: Tata Power, NHPC, Zydus Life, Bharat Forge, Ramco Systems (03-03-2023)
Stocks to watch today: From Tata Power to NHPC, here are top stocks to watch in Friday’s trading session
Indian-origin engineer at FTX, Nishad Singh, pleads guilty to fraud charges (02-03-2023)
Nishad Singh, a 27-year-old Indian-origin former top executive of failed cryptocurrency trading platform FTX has pleaded guilty to the charges of alleged billion-dollar fraud at the now collapsed exchange.
Singh was the former co-lead engineer of FTX Trading Ltd.
He has pleaded guilty to six conspiracy charges, including conspiracy to commit wire fraud, conspiracy to commit money laundering and conspiracy to violate federal campaign finances laws.
Singh is the third top executive and close confidante of FTX founder Sam Bankman-Fried to plead guilty and cooperate with prosecutors.
Gary Wang, co-founder of FTX, and Caroline Ellison, the former head of FTX’s sister hedge fund Alameda Research, both pleaded guilty last year and are cooperating against Bankman-Fried.
In December last year, federal authorities charged Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX.
The Securities and Exchange Commission charged Singh on Tuesday.
In a parallel action, the