Sensex drops 248 pts, Nifty gives up 11,900; IT, PSU banks weigh
In days to come, market will take cues from industrial production and inflation data.
Share market update: PSU shares slip; NMDC down 3%
The Nifty PSE index was trading 0.52 per cent down at 3260.15.
Share market update: PSU bank shares fall; Allahabad Bank slips 4%
The Nifty PSU Bank index was trading 0.26 per cent down at 2451.90.
Share market update: PSU shares gain; NMDC climbs 3%
The Nifty PSE index was trading 0.22 per cent up at 3254.7.
Share market update: PSU bank shares rise; OBC jumps 7%
The Nifty PSU Bank index was trading 2.25 per cent up at 2684.50 .
Government set to close loss-making PSUs
“There are several cases where the disinvestment process has been going for years. There is very little interest in some of the companies. Keeping all these factors in mind, it has been decided that wherever buyer interest is muted we will recommend for closure of the unit,” said an official, who did not wish to be quoted.
Share market update: PSU bank shares rise; Canara Bank gains 3%
The Nifty PSU Bank index was trading 0.77 per cent up at 2479.9.
Share market update: PSU shares mixed; PFC dips 2%
The Nifty PSE index was trading 0.03 per cent down at 3231.45.
No job losses post merger of 10 PSBs: Government
In August, the government announced a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders with robust balance sheets that can be used to boost credit and spur growth.
Share market update: PSU shares down; BPCL dips over 2%
The Nifty PSE index was trading 0.43 per cent down at 3259.30.
Essar Steel ruling: PSU bank shares rally
The Nifty PSU Bank gained 3.28% to 2457.35 – the biggest one day gain since October 31.
Share market update: PSU shares up; NMDC rises 3%
The Nifty PSE index was trading 0.16 per cent up at 3276.95 .
Street sizzler CSB fizzles out in 8 days
Deepak Jasani, head of retail research at HDFC Securities said fair value for the stock could be just above its IPO issue price of Rs 195. “Fundamentally, the bank saw a turnaround in the last six months and we need to see if this turnaround sustains,” said Jasani.
PSU rally likely to continue on re-rating hopes
Analysts believe privatisation initiatives could drive re-rating in the overall asset class.
After Market: Voda Idea, PSU banks bleed; 23 stocks cross 50-EMAs
YES Bank was the most active stock on NSE in terms of turnover.
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