SBI hits all-time high, ‘more upsides likely’
Shares of the country’s largest lender advanced nearly 5% to its all-time high of ₹622.70 on the NSE before closing the day at ₹613.80. Analysts, on aggregate, expect the stock price to touch ₹725 levels, which represents a further upside of 18% from the current levels, showed a survey of Bloomberg analysts tracking the stock.
Five Star Business IPO offers exposure to fast-growing microfinancing
After the IPO, the promoter group’s stake will fall to over 33% from 40%. The nonbanking finance company (NBFC) has a higher asset quality and excellent margin and return ratios compared with peers.
Is the stock market closed for trading today?
Commodity markets will be shut during the morning hours; however, they will operate during the evening session. The currency market will also be shut tomorrow.
China reopening hopes keep dollar on guard
“Where there’s smoke, eventually there’s fire, so the market is pricing in improved optimism, though at the moment it’s all based on hopes,” said Rodrigo Catril, senior currency strategist at National Australia Bank in Sydney.