SBI was largely responsible for the Nifty weakness on Friday after it announced disappointing results for the first quarter. SBI reported the third consecutive quarterly loss; this time of Rs.4800 crore as the bank decided to front end the investment Read more [...]

The rally petered out on Friday after SBI disappointed the street with the third consecutive quarter of losses. This time the losses were due to front-ending of the provision for investment depreciation. The markets are likely to be worried in Read more [...]

The rally in the Nifty was led by Axis Bank and ICICI Bank with short covering on both these counters taking the markets higher on the weekly expiry of the Bank Nifty. The trend may not really sustain. There is a bigger worry for the world markets Read more [...]

It was a day when the Nifty was led by oil stocks and banking stocks as the Nifty crossed the 11,450 mark. With the rate hikes being front-ended in August and the US holding status quo, the Indian markets are breathing more freely. With oil stabilizing Read more [...]

The Nifty did make a brief dash for 11,500 but stopped short at 11,450, just slightly shy of the mark. Big Oilcos like ONGC and Reliance-led the rally on Wednesday even as select pharma stocks came under pressure. A/D ratio was sharply positive in the Read more [...]