SBI ANNUAL CLOSING ACTIVITY
![F&O Talk | Caution suggested amid record highs, focus on value opportunities: Sahaj Agarwal of Kotak Securities](https://img.etimg.com/thumb/msid-111536799,width-100,height-75,resizemode-4/markets/expert-view/fo-talk-caution-suggested-amid-record-highs-focus-on-value-opportunities-sahaj-agarwal-of-kotak-securities.jpg)
F&O Talk | Caution suggested amid record highs, focus on value opportunities: Sahaj Agarwal of Kotak Securities
The Indian equity market witnessed a positive week as both the Nifty 50 and Bank Nifty indices ended in the green. The Nifty 50 gained 1.3% to close at 24,323, while the Bank Nifty rallied 0.61% to settle at 52,660.
![SBI may bank on infra bonds to raise Rs 10,000 crore next week](https://img.etimg.com/thumb/msid-111522289,width-100,height-75,resizemode-4/industry/banking/finance/banking/sbi-may-bank-on-infra-bonds-to-raise-rs-10000-crore-next-week.jpg)
SBI may bank on infra bonds to raise Rs 10,000 crore next week
State Bank of India is expected to enter the debt market next week to raise up to Rs 10,000 crore via infrastructure bonds, with Bank of India likely to follow a week later to raise Rs 5,000 crore. These bonds help reduce lenders' overall funding costs as they are exempt from CRR and SLR
![PJTL lenders agree for Rs 1,020 crore one-time settlement](https://img.etimg.com/thumb/msid-111451752,width-100,height-75,resizemode-4/industry/indl-goods/svs/construction/pjtl-lenders-agree-for-rs-1020-one-time-settlement.jpg)
PJTL lenders agree for Rs 1,020 crore one-time settlement
Lenders of Panipat Jalandhar NH 1 Tollway (PJTL) have agreed to a one-time settlement on Rs 3400 crore dues, accepting a Rs 1,020-crore all-cash offer from promoters Roadis Group and Soma Enterprises. The settlement, impacted by farmers' agitation, is subject to approval by all ten lenders in the consortium. SBI is the largest creditor.
![Football-sized asteroid comes close to earth, raises collision concerns. Can asteroids be deflected?](https://img.etimg.com/thumb/msid-111413571,width-100,height-75,resizemode-4/news/international/us/football-sized-asteroid-comes-close-to-earth-raises-collision-concerns-can-asteroids-be-deflected.jpg)
Football-sized asteroid comes close to earth, raises collision concerns. Can asteroids be deflected?
A football-stadium-sized asteroid passed close to Earth and the moon, the second such event in three days. Asteroids are rocky remnants from the early solar system, sometimes posing collision risks.
![Purplle closes Rs 1,000 crore funding deal led by Abu Dhabi Investment Authority](https://img.etimg.com/thumb/msid-111401759,width-100,height-75,resizemode-4/tech/funding/purplle-group-raises-rs-1000-crore-from-abu-dhabi-investment-authority-arm-others.jpg)
Purplle closes Rs 1,000 crore funding deal led by Abu Dhabi Investment Authority
Purplle has also announced a Employee Stock Ownership Plan (Esop) liquidity programme and will offer liquidity of Rs 50 crore to its employees. Company cofounder and CEO said they will constantly innovate their technology to provide the best for their customer. Purplle is one of the fastest-growing retailers in the beauty and personal care (BPC) segment, having grown its GMV by four times over the last three years.
![PM Modi plans Moscow visit in July 2nd week for next edition of annual summit](https://img.etimg.com/thumb/msid-111266883,width-100,height-75,resizemode-4/news/india/pm-modi-to-visit-moscow-in-july.jpg)
PM Modi plans Moscow visit in July 2nd week for next edition of annual summit
Prime Minister Narendra Modi plans to visit Moscow from July 7-10 for a bilateral annual summit aimed at deepening the strategic partnership between India and Russia. This will be Modi's first visit to Russia since 2019, as prior visits were hindered by the pandemic and the Ukraine war. The visit, which follows Modi's re-election, will focus on energy, defense, connectivity, and natural resources. The trip will also allow Modi to discuss the Ukraine conflict and emphasize dialogue and diplomacy, reflecting India's neutral stance on the issue.
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Nifty Bank hits fresh record high; next target seen at 53000: Experts
The Nifty Bank surpassed its crucial resistance levels to hit a fresh record high above 52,700 levels for the first time. Experts suggest that if the current banking-led momentum persists, the rally could potentially push the Nifty towards 53,000. Top gainers included SBI, HDFC Bank, ICICI Bank, and Axis Bank while selling was seen in Bank of Baroda, PNB, and Bandhan Bank.
Going forward, expect good growth from Aadifidelis Solutions: Shikhar Aggarwal, BLS International
Shikhar Aggarwal, Joint MD, BLS International Services talks about inclusion in Nifty tourism index, synergies from buying stake in Aadifidelis Solutions and more. Aggarwal also discusses the major contract renewals which are expected in the next six to nine months. He also says that in one, one-and-a-half years, multiple contracts are expected from European and North American markets
Adani Ports to enter Sensex on Monday, Wipro to exit as part of semi-annual rejig
Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.
Sensex, Nifty hit brakes on record run; Nifty IT defies market mood
Indian equity indices, influenced by global trends, closed lower on Friday. The Sensex fell 269 points to 77,209, and the Nifty dropped 66 points to 23,501, impacted by Reliance Industries, L&T, and HDFC Bank.
Best conservative hybrid mutual funds to invest in June 2024
Conservative hybrid mutual funds are the entry to the world of hybrid funds. These schemes invest mostly in debt and a small percent in equity. As per the Sebi norms, conservative hybrid schemes must invest 75-90% in debt instruments and 10-25% in stocks. These schemes are ideal for investors looking to invest a small part of their corpus in equity to earn some extra returns.
Buying gold annually in order to diversify allocation of forex reserves: Shaktikanta Das
I think SEBI is engaged with that. So, let me not intrude into SEBI's territory and start talking about the stock markets. I think SEBI is fully seized of what is happening in the markets and we have our regular interactions with the SEBI as a part of the FSDC, the Financial Stability and Development Council, we have also a subcommittee which is chaired by the governor.
MF Query: How Rs 25,000 per month SIP with 15% annual increase can make you a crorepati in 10 years
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
Best aggressive hybrid mutual funds to invest in June 2024
If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to ‘conservative’ equity investors to create wealth to achieve their long-term financial goals.
Ahead of Market: 10 things that will decide D-Street action on Thursday
The Nifty index ended flat after a strong initial hour of trading, facing resistance around 23,400. Despite this, the short-term trend remains positive as the index stayed above 23,300. In the near term, the index is likely to continue consolidating within the 23,300-23,500 range. A decisive breakout above 23,500 could potentially trigger a rally towards 23,800.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 468.75 points up at 23290.15
Credit cards for international airport lounge access of HDFC Bank, Axis Bank, Yes Bank: Complimentary lounge access, other benefits
Top airport lounge credit cards: The credit cards listed below offer considerable number of complimentary visits to international as well as domestic airport lounges, along with other travel and lifestyle benefits
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 183.46 points down at 22704.7
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 24.65 points down at 22932.45
SBI Automotive Opportunities Fund: Is it time to capitalise on opportunities in the world's 3rd largest auto market?
SBI Automotive Fund, managed by Tanmaya Desai and Pradeep Kesavan, offers high exposure to automotive stocks. Experts from WealthMills Securities recommend considering the fund for high-risk appetite investors.
Defence Ministry points gun at Godrej's housing project with revenue potential of Rs 7,000 crore in Mumbai
The Defence Ministry has raised objections to a residential project undertaken by Godrej Properties in Mumbai, demanding the suspension of work on the venture. With an estimated revenue potential of Rs 7,000 crore, the project, known as Godrej Reserve, has encountered opposition due to its proximity to the Central Ordnance Depot (COD) complex in Kandivali. Spanning an 18.6-acre land parcel, Godrej Reserve has already seen the launch of approximately 1.91 million sq ft of development.
Frauds by bank employees: Take these steps to ensure branch manager or any other employee does not run away with your money
Fraud by bank employees: Many reports of bank employees defrauding customers of the bank. These are the cases where the bank and its customers both are the victims of fraud by the employee(s). In a recent judgement by the SC, it was said that banks would be held liable for criminal misconduct by its employees.
SBI Mutual Fund launches SBI Automotive Opportunities Fund
SBI Mutual Fund has introduced the SBI Automotive Opportunities Fund, an open-ended equity scheme centered around automotive and allied business activities. The New Fund Offer (NFO) for this scheme will be available for subscription from May 17 to May 31.
Nifty Bank retests 100-DMA; could rally towards 48000-48200: Experts
The banking index bounced back after retesting 100-DMA placed 47208 on the daily charts. A close below 47000 on Tuesday could add to more nervousness.
In FY25, Godrej Properties hopes to build on strong operating momentum of last year: Pirojsha Godrej
Godrej Properties anticipates strong growth in FY25, leveraging active business development in key markets. The real estate company is also going to focus on timely customer cash collections and maintaining debt levels between 0.5 to 1 band for sustained growth. Godrej says: "we are kind of mid-cycle now so that we will have another good year of real estate demand ahead."
Nifty Bank closes above 48400 level; SBI, ICICI Bank hit fresh 52-week highs
SBI rallied over 5% to hit a fresh 52-week high while ICICI Bank also closed with gains of over 1% to hit a fresh high. Axis Bank closed with gains of 6% after the private sector lender reported March quarter numbers on Wednesday, which exceeded Street expectations.
RuPay credit cards of HDFC Bank, Axis Bank, IDFC FIRST Bank, SBI Card: Cashback, annual fee, discounts
The RuPay credit card was launched in 2017 and these enable secured payments for purchasing goods and services at merchant locations in India as well as abroad. Given below are the top credit cards available on the Rupay network chosen basis the overall value back they offer in their respective spending category.
SBI net banking, UPI down: State Bank of India net banking, YONO mobile app, UPI will be down today during this time
SBI down on April 1: State Bank of India (SBI) has announced that the services of Internet Banking, Yono Lite, Yono Business Web & Mobile App, YONO, and UPI would be unavailable on April 1, 2024 due to Annual Closing.
At Rs 6.84 lakh crore, HDFC Bank's home loan book closes gap with SBI's
HDFC Bank disclosed that its home loan book reached Rs 6.84 lakh crore in the December quarter, nearly catching up with SBI's Rs 6.94 lakh crore home loan portfolio. SBI had overtaken HDFC in February 2021 in this segment.
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