Federal Bank shares rally over 5% to fresh high on new CEO appointment. Should you invest?

July 23, 2024

Shares of Federal Bank surged 5.5% to a new high after announcing the appointment of Krishnan Venkat Subramanian as the new MD & CEO. Brokerages view this positively, citing his strong banking background and experience.

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US stocks ended mixed as AI-driven optimism supported markets but was offset by rising geopolitical tensions and oil prices. Small-cap and semiconductor stocks gained, while

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FII exodus, crude shock, and Rupee under pressure: Deepak Shenoy breaks down India’s market storm

Indian stock markets are facing tough times due to global economic factors. Deepak Shenoy of Capitalmind MF advises investors to look beyond immediate market swings.

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