The Sensex and Nifty are poised to open sharply lower on Thursday, in line with global equities as the U.S. Fed continued its hawkish policy stance to fight inflation.
PNB shares hit a 52-week low after its profit dropped 66% YoY to ₹201 crore due to higher provisions for bad loans and contingencies.
The Sensex and Nifty are set to fall at the open on Thursday, mirroring weakness in global peers as higher U.S. CPI inflation bolsters the case for an aggressive rate hike.
The BSE Sensex and the NSE Nifty are set for a positive start on Wednesday, following firm cues from Asian peers and strong trends on the SGX Nifty futures.
The BSE Sensex and the NSE Nifty are expected to open flat to lower on Friday, following muted trends on SGX Nifty.
The BSE Sensex and the NSE Nifty are expected to open lower on Thursday as stocks tumbled on Wall Street and in Asia, while trends on SGX Nifty also indicated a gap-down opening for domestic bourses.
Carlyle-Puri move to invest ₹4,000 crore in PNB Housing Finance will await the outcome of a legal scrutiny by the Securities Appellate Tribunal.
The jailed diamantaire can still appeal against the United Kingdom's home ministry's nod, but the prospect of him returning to India draws near.
British judge sees no barrier to fair trial in India; fallen diamantaire can appeal in two weeks.
The third IPO from India’s mutual fund industry is worth ₹2,160 crore.
