State Bank of India (SBI) Chairman, CS Setty, expressed optimism about achieving a Rs 1 trillion operating profit this year, driven by robust credit growth across sectors like petrochemicals, roads, and renewable energy. The bank aims for a 15% growth in its domestic loan book, reaching Rs 39 lakh crore.
Posts in category Economic Times
Info Edge shares 3.5 per cent in Monday’s trading session (11-11-2024)
The Relative Strength Index of the stock stood at 52.04 on Monday.
Stock market update: Stocks that hit 52-week lows on NSE (11-11-2024)
Asian Paints, Adani Ports SEZ, Tata Steel, ONGC and Cipla were among the top losers on NSE.
Tech picks: KIMS, Chalet Hotels among 3 stocks to buy for robust returns in short term (11-11-2024)
Three stocks are poised for strong short-term returns. KIMS, Chalet Hotels, and Jubilant Food are recommended buys. Analysts cite uptrends, breakouts, and support levels as reasons for their optimism. Investors are advised to consider these picks for potential profits.
Nifty’s drop below 24,000 could trigger correction: Rupak De, LKP Securities (11-11-2024)
Nifty continues to move downward; however, the magnitude of the fall has lessened somewhat. The 24,000 level is likely to remain strong support for the index. As long as it stays above 24,000, Nifty bulls may have a chance to fight back
Gold Price Today: Yellow metal prices fall by Rs 500/10 gm, silver trades flat (11-11-2024)
Gold and silver futures opened lower amid a stronger US dollar and profit booking. Experts expect volatility ahead of US inflation data, with gold support at Rs 77,000 and silver at Rs 90,450.
Rupee slips to record low as Asia FX declines; RBI likely steps in (11-11-2024)
The Indian rupee hit a new low against the US dollar, driven down by concerns about the impact of Trump’s election victory and foreign investor withdrawals from Indian stocks. The Reserve Bank of India intervened in the market to support the rupee, leading to a decline in India’s foreign exchange reserves.
India Inc earnings downgrades worst since 2020. Are we staring at a bear market? (11-11-2024)
Indian companies are facing their most significant earnings downgrades since the start of the COVID-19 pandemic in 2020, causing concern among investors. Factors like heavy rains, reduced government spending, and slowing demand in sectors like FMCG and retail have contributed to this trend.
Buy GAIL (India), target price Rs 265: Motilal Oswal Financial Services (11-11-2024)
Motilal Oswal Financial Services has reiterated its buy call on GAIL (India) Ltd. with a target price of Rs 265, up from the current market price of Rs 206.95. The brokerage arrived at its revised target price by valuing the gas transmission, LPG transmission, gas trading, petrochemical, and LPG businesses.
These 4 stocks saw a high increase in futures open interest (11-11-2024)
On November 8, four stocks saw a surge in futures open interest, indicating increasing market participation, with Aarti Industries, Aurobindo Pharma, Manappuram Finance, and Trent showing notable increases.