RBI may not have to drain cash further as core liquidity declines
At ₹2.23 lakh crore as on December 15, the core liquidity has declined sharply from the peak surplus of ₹12 lakh crore from September to October of 2021 during the post-Covid phase in which the RBI had infused large amounts of funds into the banking system to ensure flow of credit to productive sectors during […]
Technical Breakout Stocks: How AstraZeneca Pharma, Caplin Point and JB Chemicals are looking on charts for tomorrow’s trade
Sectorally, buying was seen in realty, IT, metal, auto, and healthcare stocks, while selling pressure was seen in the banking space. Stocks that were in focus include names like AstraZeneca Pharma, which rose more than 13% to hit a fresh high, Caplin Point, which gained more than 8%, and JB Chemicals, which closed with gains […]
Re-rating on cards for PSU Banks; SBI, Bank of Baroda can give 25% return in 2024
Across the banking sector, deposit growth has remained sluggish in the past few years but has seen some growth revival in the past few quarters. The uptick in deposit growth is mainly attributed to higher interest rates offered by banks and their intense efforts in mobilizing deposits.
We have gone from a slightly more cautious to a more bullish outlook: Ashi Anand
Ashi Anand says: “From the longer-term perspective, we are very positive on discretionary consumption. Just over the slightly shorter term, we are seeing some amount of base effect having caught up. While rural consumers who have been weak for some time are coming back, in urban consumer part, we are seeing certain pockets of weakness.”
Forget the top 5, these stocks were the biggest movers in the S&P 500 in 2023
The 50 most valuable companies in the benchmark, which now make up about 56% of its total weight, moved up or down on average nine places this year, tied for the most since at least 2013 and almost double in 2019. And that volatility comes even as the median valuation gap between each company in […]