Bank nifty also participated in the rally on Friday and made a high of 19795 and closed at 19708, 235 points up from its previous day’s close of 19473. ICICI Bank has risen by 4.64 percent, which has 19 percent weight age in the Banking Index. The next level of Bank Nifty is 19862.
Stock Futures Services BUY BHARTI AIRTEL FUTURE ABOVE 339.00 Target1-340.75 Target2-343.75 StopLoss-335.40.
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Yes Bank Q3 profit, NII jump 30%; loan growth strong at 39%
Yes Bank's third quarter earnings beat analysts' expectations on Thursday, with profit rising 30.6 percent to Rs 882.6 crore compared to year-ago period. The growth was driven by strong net interest income, other income and lower provisions. Net interest income, the difference between interest earned and interest expended, grew by 30.2 percent year-on-year to Rs 1,507 crore, with loan growth of 38.7 percent at Rs 1.17 lakh crore at the end of December 2016. Equity Tips- Profit was estimated at Rs 813 crore and net interest income at Rs 1,477.2 crore for the quarter. Other income or non-interest income surged 33.8 percent year-on-year to Rs 998.35 crore and operating profit jumped 26.46 percent to Rs 1,453.8 crore in the quarter ended December 2016. Free Intraday Tips- BUY TVS MOTOR FUTURE ABOVE 380.50 Target1-382.50 Target2-385.50 StopLoss-377.50. Equity benchmarks failed to hold on to opening gains Tuesday as the Nifty ended below 8400 level amid consolidation, weighed by bank and oil stocks. Investors maintained cautious stance ahead of British Prime Minister Theresa May's speech on Brexit plans due later today. The market opened higher following consensus over GST roll out.
SEBI Registered Company in Indore The 30-share BSE Sensex was down 52.51 points at 27235.66 and the 50-share NSE Nifty slipped 14.80 points to 8398. 3:30 pm Market closing: Benchmark indices ended at over two-month closing highs as Indian market outperformed Asian peers. The Sensex was up 50.11 points or 0.2 percent at 27288.17, and the Nifty up 12.45 points or 0.1 percent at 8412.80. About 1529 shares advanced, 1245 shares declined, and 316 shares were unchanged. SEBI Registered Company in Indore Tata Steel, Tata Motors, Adani Ports, SBI and Hero MotoCorp are gainers while Infosys, ONGC, Reliance, Sun Pharma and GAIL are losers in the Sensex. |
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