SBMC receives RBI nod for 25% stake acquisition in Yes Bank, not to be classified as promoter
The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) acquisition of up to 24.99% stake in Yes Bank, though SMBC won’t be classified as a promoter. This follows SMBC’s plan to increase its holding to 20% through a secondary purchase from State Bank of India and seven other shareholders.
F&O Talk| Nifty rally stalls at key Fibonacci hurdle, Bears return at higher levels: Sudeep Shah
Markets closed higher for the second week, boosted by GST reform optimism, though profit booking trimmed gains. FIIs continued selling, but DII support cushioned the impact. Analyst Sudeep Shah suggests Nifty faces resistance at 25050-25100 and support at 24650-24600, while Bank Nifty lags, with consumer durables and auto sectors showing strength.
Selling pressure persists; FIIs offload Rs 25,564 crore worth equities in August so far
Foreign Institutional Investors (FIIs) have continued their selling trend in August, offloading equities worth ₹25,564 crore, bringing the year’s total to ₹1,57,440 crore. High valuations in India compared to other emerging markets and concerns over IT sector growth are key drivers. However, a potential rate cut by the Federal Reserve may ease the selling pressure.
Axis Securities picks HDFC Bank among 6 top conviction banking ideas. Check full list
The banking sector witnessed a mixed quarter in Q1FY26, with larger private and PSU banks managing margins better than expected, while mid-sized players and small finance banks faced sharper compression. Credit growth stood at 11% YoY, supported by retail and SME lending, though corporate credit remained sluggish due to competitive pricing pressure.Looking ahead, growth momentum […]
2 top stock recommendations from Rajesh Palviya for next week
Entering the August expiry week, Nifty faces a supply zone at 25,000–25,200, with potential consolidation above 24,800. Bank Nifty appears weaker, needing to surpass 55,500 to avoid further decline. Auto stocks, particularly Hero MotoCorp, Bajaj Auto, and Maruti, show promise amid positive sector trends. Cipla and Maruti are recommended buys, targeting 1,650 and 14,800–15,000 respectively.
Nifty 50 rejig: Hero MotoCorp, IndusInd exit index to make way for IndiGo, Max Healthcare. Check details
The National Stock Exchange (NSE) has announced changes to the benchmark Nifty 50 index as part of its semi-annual review of broad market indices. The revisions were approved by the Index Maintenance Sub-Committee (Equity) of NSE Indices Limited and will take effect from September 30, 2025 (based on September 29 close).This periodic review is aimed […]
‘Your funeral won’t have 10 followers’: Investor owning 1 share stuns microcap AGM
A GKB Ophthalmics virtual AGM turned explosive when a shareholder, owning just one share, fiercely criticized the management’s performance and governance. Abhishek Kalra questioned Managing Director Krishna Gopal Gupta’s credentials and demanded his resignation within ten days, citing poor returns. Gupta’s exasperated response about Kalra’s minimal stake further fueled the online frenzy, highlighting the company’s […]
Concurrent Gainers: 8 stocks that gain for 5 days in a row
Over the five trading sessions ending August 22, the Sensex rose by approximately 0.88%, closing at 81,306. The benchmark index finished in the green on four out of those five sessions. During this upward trend, eight stocks from the BSE200 index recorded gains on each of the five trading days. The list includes prominent names […]
Nifty in short-term uptrend mode, buy UNO Minda, Lupin shares: Rupak De
Rupak De of LKP Securities maintains a bullish outlook on Nifty, anticipating a rise to 25,000-25,250 if it holds above 24,800. Despite Bank Nifty’s weakness, he recommends buying UNO Minda and Lupin, citing positive technical indicators. Conversely, De suggests selling Axis Bank due to bearish signals and its position below the 21 EMA.
FMCG, Footwear, Alcobev to lead growth in H2, says Mayuresh Joshi
Market analysts are keenly watching global events like the Jackson Hole Symposium and potential US tariff impositions. These events will likely influence market trends. Domestically, GST rationalisation is expected to boost consumption and corporate earnings. FMCG, apparel, and footwear sectors may see growth. However, regulatory risks in online gaming make it a less attractive investment […]