After best-ever performance in FY23, can India banks keep up the pace in FY24?

India’s banking sector is attracting the attention of both local and foreign investors as it remains healthy despite challenges faced by the banking sectors of developed economies like Europe and the US. According to analysts, the sector post-COVID-19 has experienced strong growth and a significant reduction in bad loans and provisions, particularly among public sector […]

F&O Ban: Indiabulls Housing, IEX and India Cements under ban on Monday

Indiabulls Housing Finance Company, Indian Energy Exchange (IEX) and The India Cements are under the F&O ban for trading from June 12. The ban applies when the open interest on any stock reaches 95% of the market-wide position limits, and is lifted when it falls below 80%. While Indiabulls has been under the ban since […]

Big movers on D Street: What should investors do with Just Dial, HAL and IEX?

Equity benchmarks closed lower on Friday due to profit booking at high levels, with the BSE Sensex falling by 223 points, while the Nifty settled at 18,563. Just Dial, HAL and IEX stocks were in the news. Pravesh Gour, Swastika Investmart’s Senior Technical Analyst, suggests that investors buy Just Dial as it has formed a […]

Lenders replace Go First’s key bankruptcy officials

The committee of creditors replaced the company-appointed interim resolution professional, process advisor and legal agency to show their intent of controlling the country’s biggest voluntary bankruptcy-protection case since the Insolvency and Bankruptcy Code came into force. The CoC will file for more changes before the NCLT by Tuesday, including replacing Alvarez & Marsal as the […]

Nifty likely to consolidate this week: Analysts

​A rejection was seen last week after forming a new high of 18,778; however, the higher high and higher low structure will be only challenged if we breach 18,464 on the way down. Nifty formed a bearish inverted hammer candle on weekly charts, which means the bias remains negative, especially if we breach the previous […]