#axis_bank

SBI and Axis cuts deposit rates, era of cheaper loans get closer as HDFC Bank signals base rate cut by March- Positive for Banking & NBFC sector

The country’s largest lender State Bank of India (SBI) on Friday has cut its deposit rates for maturities of over one year by 0.25%. SBI is the third bank after private sector lenders ICICI Bank and HDFC Bank reduced their deposit rates during the week.…

Choppy indices pare gains; Nifty adds 20 points …

Finally, BSE Sensex closed at 25,715 up 74 points, while NSE Nifty closed at 7,684 up 20 points over the previous close. A highly volatile trading session ended with modest gains as the Indian equity market extended winning streak to fifth straight day. After opening with a gap up, market turned volatile and began losing some ground through the day.

The end seemed to witness accelerated selling…

Stock Markets Ahead – May 16th 2014 …

Asian markets traded weak as China reported biggest jump in bad loans since 2008 fueling concerns about the eco slowdown. Non Performing loans jumped $ 8.7 billion last qtr. US earlier reported unexpected drop in IO. EZ GDP growth indicated that Recovery failed to gather momentum. Yellen in her address to Chamber of Commerce said US economy must improve further to achieve full health.

Cautious…

Stock Market Updates – May 15th 2014 …

BSE Sensex closed at 23,815 down 56 points, while NSE Nifty closed unchanged at 7,108.75.It was one of those rare trading sessions, perhaps first time in 9 years, where the NSE Nifty index closed exactly where it had the previous day.

After rallying for three consecutive trading sessions to new highs every day, the Indian equity market saw some cooling on Wednesday as indices ended on a flat…