BEL, Tata Motors, Tata Steel, BPCL and M&M were among the top losers on NSE.
Relation between NIM and Interest Rate in Banking (22-10-2024)
When interest rate decreases, NIM impacted negatively, if fixed rate book is higher, then impact will be lower but if floating rate book is higher then impact on NIM will be higher. When interest rate decreases, bank has to decrease its lending rate almost immediately, else lender will object or transfer the loan to other bank but it can’t decrease the deposit rate on “Fixed Deposit’, so its NIM contracts.
On the other-hand during interest rate upcycle, bank immediately increase the lending rate but doesn’t increase the deposit rate (in fixed or saving) immediately or at all, so NIM expands. Higher floating rate book will be better to increase margin.
—Kindly correct me.
Tube Investments shares up 0.83% as Sensex falls (22-10-2024)
A total of 3,306 shares changed hands on the counter till 10:45AM (IST)
Stock market update: Stocks that hit 52-week highs on NSE (22-10-2024)
Diffusion Engineers, Tainwala Chem, Tirupati Forge, Creative Eye and Univastu India, hit their fresh 52-week highs at 10:43AM.
Hyundai Motor India falls 3% post listing: Should you buy, sell or hold? (22-10-2024)
Market analysts remain cautious on Hyundai Motor India, recommending profit booking and re-entry at lower levels, citing market volatility and the company’s disappointing listing
‘Nifty Pullback Needs To Be Taken In Stride’ (22-10-2024)
‘The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.’
Mazagon Dock shares dip 5% ahead of board meeting to consider dividend, stock split (22-10-2024)
Mazagon Dock Share Price: Shares of Mazagon Dock Shipbuilders fell by 5.3% ahead of a board meeting to discuss Q2 results, an interim dividend, and a potential stock split. The company has a dividend yield of 0.59% and has seen significant share price growth over the past year.
Buy Multi Commodity Exchange of India, target price Rs 6,629: HDFC Securities (22-10-2024)
HDFC Securities recommends buying Multi Commodity Exchange of India with a target price of Rs 6629. MCX reported strong quarterly growth, driven by a surge in options volume and expanding margins. Revenue increased 22% QoQ, with notable gains in options and futures revenue. Investment growth is supported by new contracts and increased trading activity.
Union Bank of India Q2 PAT climbs 34% YoY to Rs 4,720-cr (22-10-2024)
Union Bank of India standalone net profit jumped 34.41% to Rs 4,719.74 crore on 13.27% increase in total income to Rs 32036.46 crore in Q2 FY25 over Q2 FY24.
Godrej Consumer stock price up 0.19 per cent as Sensex slides (22-10-2024)
As of 30-Sep-2024, promoters held 62.81 per cent stake in the company, while FIIs held 22.03 per cent and domestic institutional investors had 6.15 per cent.