Khanna market tis hazari

NEW DELHI: Why are equity markets rallying globally despite grim economic conditions and weak earnings projections? That's one question haunting small investors and market veterans alike over the past few weeks. Uday Kotak, India’s richest banker and head of Kotak Mahindra Bank, has a simple answer: it's the glut of money from central banks, and markets' habit of discounting the immediate future! “First, there has been a significant monetary expansion by central banks worldwide. Second, investors and analysts have already discounted earnings downside for FY21 and are looking at earnings of FY22 and FY23,” Kotak said. Hopeful buying by retail and institutional investors has lifted the 30-share index Sensex by 41 per cent from March lows while BSE Smallcap index has surged 45 per cent and Nifty Midcap index has climbed 39 per cent. Kotak advised the government and industry to take a cue from stock market investors and not worry too much about the current fiscal … [Read more...] about Govt & industry should take cue from stock market and not worry too much, says Uday Kotak

Wholesale merchants said about 100 vehicles got caught in the slush and such incidents repeated after every spell of rain. This deterred several retailers from making their daily purchase in the market. Though temporary arrangements such as using gravel to prevent water logging was done in the past, it had not helped much. Flooding also led to an unhygienic environment in the market, they said. … [Read more...] about Poor condition of Thirumazhisai market leads to a dip in business

We are not raising any capital; we have an enabling resolution of raising Rs 20,000 crore but I doubt that we are going to use it in the near future, says SBI chairman. Markets liked what you indicated in terms of where the future for State Bank of India is headed. Without getting into specifics of what you have declared for the quarter gone by, let us understand how will life look for SBI once the moratorium gets lifted? Even during this COVID period, I am talking first about the operational part. I will come to the credit quality and other things later on. We have operated at full capacity. All our branches are 98% operational except wherever some local issues are there. All our internet banking, mobile banking, ATMs have performed at the level they were doing pre-COVID-19. And that speaks volumes about the quality, determination and courage of the people who work in State Bank of India. If you have such a committed workforce, then whatever is the situation, we are capable of facing … [Read more...] about Market has been unfair to SBI stock, says Rajnish Kumar

NEW DELHI: Shares of PSU banks were trading higher in Thursday's session. Shares of Indian Overseas Bank (up 9.63 per cent) , J & K Bank (up 4.76 per cent) , Central Bank of India (up 2.01 per cent) , Bank of Maharashtra (up 1.82 per cent) , Punjab & Sind Bank (up 1.76 per cent) , UCO Bank (up 1.08 per cent) , Bank of Baroda (up 0.58 per cent) , State Bank of India (up 0.46 per cent) and Union Bank of India (up 0.46 per cent) were among the top gainers. The Nifty PSU Bank index was trading 0.3 per cent down at 1492.35 around 02:19PM. Benchmark NSE Nifty50 index was up 27.70 points at 10333.0, while the BSE Sensex was up 113.27 points at 34982.25. Among the 50 stocks in the Nifty index, 27 were trading in the green, while 23 were in the red. Shares of Vodafone Idea, BHEL, SBI, ICICI Bank, Bank of Baroda, Tata Motors, RBL Bank Ltd., GAIL and ITC were among the most traded shares on the NSE. … [Read more...] about Share market update: PSU bank shares up; IOB surges 9%

This was stated by Minister for Agriculture S. Niranjan Reddy at Karimnagar on Saturday after inaugurating the new buildings and laboratory of the agricultural research station (ARS) there. Speaking on the occasion, he said the government was continuously working on strengthening agricultural education and research along with agriculture sector in the State with several interventions including the innovate Rythu Bandhu, Rythu Bima 24×7 free power and other schemes. Stating that the government was of the firm belief that employment creation to a majority in the society was possible only by strengthening the agriculture sector, the minister said about ₹60,000 crore was being spent on it every year. Complimenting the efforts of the agricultural scientists led by the Vice-Chancellor of Professor Jayashankar Telangana State Agricultural University (PJTSAU), he said they were helping the government with their suggestions on making agriculture profitable. … [Read more...] about Govt. plans to make market intelligence available to farmers