Posts in category Economic Times
Radhakishan Damani sells 6.91 crore shares of India Cements to UltraTech for Rs 1,914 crore in block deal (27-06-2024)
The sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore.
Credit growth over 18% may create risk (27-06-2024)
Retail lending growth slows in Q4 FY24, while bank lending to NBFCs moderates. The share of bank lending to NBFCs decreases, indicating a shift towards balanced credit practices for financial stability.
Financial institutions strong, RBI watchful of emerging risks (27-06-2024)
RBI's financial stability report underscores the importance of governance, Basel III norms compliance, and maintaining high CET1 ratios for banks. Monitoring GNPA ratios of public, private, and foreign banks essential for financial system stability and resilience.
RBI cautions against surge in private credit between corporates and non-banks (27-06-2024)
The Reserve Bank of India (RBI) warns of systemic risks from the rapid growth of private credit, which has quadrupled in the past decade, especially due to its opacity and interconnectedness with banks and non-banks. The RBI highlights potential vulnerabilities in this segment, including the risk of sharp losses during a credit cycle downturn and challenges posed by complex structures and liquidity risks.
Gold falls Rs 120; silver remains flat at Rs 90,600 per kg (27-06-2024)
Traders are focused on upcoming economic data releases to anticipate US Federal Reserve interest rate changes, impacting market trends and investment decisions.
Nifty Bank climbs Mt 53K; here are important levels to track on Friday (27-06-2024)
The index hit a record high of 53,180, but pared most of the intraday gains and ended with a loss of 59 points at 52,811. IndusInd Bank, Axis Bank and Kotak Mahindra Bank were among top gainers while selling was seen in IDFC First Bank, Bandhan Bank, AU Small Finance Bank and PNB.
Stock market update: Power stocks down as market rises (27-06-2024)
The 30-share BSE Sensex closed up 568.93 points at 79243.18
Tech View: Short covering rally takes Nifty beyond 24K. Here’s how to trade on Friday (27-06-2024)
The underlying trend of Nifty continues to be positive. A sustainable move above 24000-24100 levels could pull Nifty towards another Fibonacci extension resistance of around 24380-24400 levels in the near term.
Stock market update: Nifty Bank index falls 0.11% (27-06-2024)
The Nifty Bank index closed 0.11 per cent down at 52811.3.
Stock market update: Sugar stocks down as market rises (27-06-2024)
The 30-share BSE Sensex closed up 568.93 points at 79243.18