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Jul 6, 2011
via Money on the markets

BSE Banking index down nearly 1 pct

Shares in the banking index struggled in trade on Wednesday as the index ended 0.93 percent lower.

Canara Bank was worst hit in trade, ending with losses of 2.45 percent, followed by ICICI shares which lost nearly 2 percent.

Jun 15, 2011
via Money on the markets

Bankex falls ahead of RBI policy review

Banking shares fell on Wednesday ahead of the RBI’s policy review, with the sectoral index falling 1.6 percent.

Axis Bank shares fell 2.7 percent and ended as the top loser in the index, followed by SBI which dropped 2.3 percent.

Jun 14, 2011
via Money on the markets

Tata Motors shares fall nearly 3 pct

Shares in Tata Motors ended down 2.84 percent on Tuesday and closed at 984 rupees.

UBS downgraded the stock to “sell” from “buy” and cut the price target to 920 rupees from 1,360 rupees on fears of constricted growth and margins.

Jun 2, 2011
via Money on the markets

Bankex falls 1.5 pct

The BSE Banking index ended the day down 1.5 percent with stocks like Yes Bank and ICICI falling more than 3 percent.

SBI shares however bucked the trend and ended marginally in green.

Worries about more rate hikes have been bothering this sector, and banking funds recorded a fall of more than 5 percent in May.

Jun 2, 2011

Capital goods help equity funds in May; bank funds struggle

NEW DELHI (Reuters) – Diversified equity funds managed to perform better than the broader market in May, as exposure to sectors like capital goods and healthcare helped unit values.

Such funds, which form the largest category of equity funds by number and assets, fell 2.4 percent during the month, compared to a 3.3 percent fall in the BSE Sensex, data from Lipper, a Thomson Reuters company, showed.

May 31, 2011
via Money on the markets

Bankex up over 2 percent

The BSE Banking index gained more than 2 percent on Tuesday as the overall market ended firm after gaining over 250 points.

HDFC Bank shares rose more than 3 percent and ended as the top gainer in the index, followed by SBI which gained over 2.5 percent.

May 26, 2011
via Money on the markets

PF account access online – a model to follow?

With a 9.5 percent interest rate and attached tax benefits, provident fund (PF) is perhaps one of the most favoured investment avenues for salaried individuals.

If you have been working for a few years, you would have accumulated a decent balance by now. But can you instantly access your latest PF balance, accumulated interest and check whether your employer has been making regular contributions or not?

May 25, 2011
via Money on the markets

L&T shares fall over 2 pct

Shares in Larsen & Toubro fell 2.2 percent on Wednesday as the overall market remained weak and ended down over 150 points.

RBS on Friday raised its rating on Larsen & Toubro to “buy” from “hold”, calling it the “best play on the broad-based longer-term capex story”. It also raised the price target on the stock to 1,854 rupees from 1,800 earlier.

May 23, 2011
via Money on the markets

Bad day for banking stocks

It was a weak day of trade for banking counters as the BSE Bankex ended down 2.85 percent.

All stocks in the index ended in red, with Canara Bank ending as the top loser with losses of over 4 percent. Top banks like ICICI dropped 3.6 percent while SBI slipped nearly 3 percent.

May 20, 2011
via Money on the markets

RIL shares rise 0.7 pct

Shares in RIL, India’s top listed firm, gained 0.7 percent in trade on Friday to close at 921.4 rupees.

The stock has been stuggling in 2011, mainly on concerns over decline in gas output from its blocks off India’s east coast.

    • About Aditya

      "Aditya is part of the India politics, economy and general news team at the Reuters bureau in New Delhi. After joining Reuters in July 2008, Aditya spent nearly six years managing content and writing for the India edition. During 2013-14, he was closely involved in developing the website's India Insight platform, writing on topics ranging from business and politics to stocks and mutual funds. Follow him on Twitter @adityakalra"
      Joined Reuters:
      July 2008
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