Tag: idbi bank

Indian benchmark indices started higher today(21st December 2021), after two days of relentless selling, on the back of broad-based buying. The BSE Sensex climbed 468.5 points at 56,290.5 level while the Nifty50 tested the 16,750-mark, up 128 points. Soon after, the indices extended gains and hit highs of 56,504 (up nearly 650 points) and 16,807 (up 192 points). All the 30 index constituents on the Sensex were ruling higher led by Titan (up 2.5 percent), HCL Tech, Tata Steel, L&T, and ICICI Bank. On the Nifty, only Eicher Motors was in the negative zone. In the broader markets, the BSE MidCap and SmallCap indices on the BSE gained up to 1 percent. Among individual stocks, the shares of IDBI Bank were up 1 percent after the bank clarified that Mumbai-based diamond merchant Sanghavi Diamonds has defaulted on a loan worth Rs 16.72 crore as against the reported amount of Rs 6,710 crore. Read more

The benchmark indices in Indian markets traded with slim gains in today's(6th May 2021) morning deals amid favourable cues from other Asian markets. The S&P BSE Sensex hovered around 48,820 levels, up 150 points, and the Nifty50 index topped the 14,650-mark. Bajaj Auto, ONGC, and Bajaj Finance gained 1 percent, each, and were the top Sensex gainers. Among other individual stocks, IDBI Bank zoomed 15 percent after the Cabinet Committee on Economic Affairs gave its in-principle approval for strategic disinvestment along with transfer of management control in the bank. The Nifty sectoral indices were painted green, led by the Nifty Metal index, up 2.8 percent. Read more