Investing in Banks and NBFCs? Don’t Forget These Factors –II
All lenders treat their loans as ‘assets’. Also, the investments they have (some for statutory reasons and others for reasons of liquidity management) are called ‘assets’. The net profit, after meeting all costs and write-offs, would be the ‘return on assets’ or RoA. This is another metric that analysts use; but, often, it could be a kind of hybrid one. A bank would get income from three...
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Nifty, Sensex under Pressure – Monday closing report

The major indices of the Indian stock markets suffered a correction on Monday and closed with losses over Friday’s close. On the NSE, there were 853 advances, 925 declines and 313 unchanged. The trends of the major indices in the course of Monday’s trading are given in the table below:

 

 
The key Indian equity indices traded negative on Monday, after opening sharply higher on the back of healthy April-June GDP figures released last week. The indices trimmed major gains made earlier in the day, due to weak Asian markets. Globally, Asian markets traded in the negative territory on concerns of escalations in the US-China trade war. According to analysts, buying was witnessed in consumer durables, healthcare and IT (information technology) stocks.
 
Global software major Wipro said it had won a USD1.5 billion (10,500 crore) 10-year deal from the US-based technology firm, Alight Solutions LLC. "We have won a 10-year engagement to provide a suite of solutions and services to the Illinois-based Alight Solutions, a leader in technology-enabled health, wealth, human resources and finance solutions," said the Bangalore-based IT major in a statement. Claiming...

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GDP growth may propel Nifty, Sensex higher – Weekly closing report

We had mentioned in last week’s closing report that Nifty, Sensex were under pressure. The major indices of the Indian stock markets were range-bound during the week and closed with gains on Friday over last Friday’s close. The trends of the major indices in the course of the week are given in the table below:

 

 
The major indices of the Indian stock markets rallied on Monday and closed with gains over last Friday’s close. On the NSE, there were 986 advances, 825 declines and 94 unchanged.
 
The key Indian equity indices -- S&P BSE Sensex and the NSE Nifty50 -- crossed the psychological marks of 36,700 points and 11,700 points for the first time today before closing the day just below the landmark levels.
 
Supported by firm global cues, the Sensex and the Nifty 50 touched their all-time high levels of 38,736.88 points and 11,700.95 points, respectively and settled at record closing levels.
 
Healthy buying was witnessed in banking, consumer durables and IT (information technology) stocks. The S&P BSE banking index surged around 530 points during the day.
 
A major deadline in the process of resolving the country's most...

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