Latest news with #NiftyFinancialServices
India Today
2 days ago
- Business
- India Today
Sensex tumbles over 600 points: Why is stock market falling today?
Benchmark market indices tumbled sharply on Friday, dragged down by financial stocks after Axis Bank reported a surprise profit drop for the June 30-share BSE Sensex tumbled 644.99 points to 81,614.25 around 12:19 pm, while the NSE Nifty 50 fell 191.30 points to 24,920.15. Losses were broad-based, with most of the major sectoral indices in the Nifty Financial Services index shed over 1%, while the Nifty Private Bank index declined 1.3%.advertisement Axis Bank led the slide, plunging over 4%—its sharpest fall in six months—after it posted a lower-than-expected June-quarter bank attributed the miss to a rise in bad loans following a one-time industry-wide benchmarking exercise and a dip in its net interest margin to 3.8%, down from 4.05% in the previous lender said it had to realign its asset classification norms after discovering that a peer bank was using a stricter standard. While Axis did not name the bank, the change led to higher provisioning and credit flagged further concerns. Macquarie said the results raised "more questions than answers", pointing to Axis's elevated credit costs compared to peers, even after accounting for the one-time miss at Axis Bank weighed on investor sentiment across the sector, even as IT stocks provided some relief. Wipro gained 3% following its results, but the Nifty IT index remained flat as LTIMindtree slipped 2%.Broader markets also stayed weak. The Nifty Smallcap 100 and Midcap 100 indices were down 0.6% and 0.5%, respectively. So far this week, the Sensex has shed 0.8%, while the Nifty is down 0.5%, setting up both indices for a third straight week of eyes are now on the June-quarter results of heavyweights HDFC Bank and ICICI Bank, due on Saturday, which could set the tone for next week's market direction.- EndsTrending Reel
Business Standard
4 days ago
- Business
- Business Standard
LIC Housing Finance Ltd spurts 2.19%, rises for third straight session
LIC Housing Finance Ltd is quoting at Rs 632.55, up 2.19% on the day as on 12:49 IST on the NSE. The stock is down 20.5% in last one year as compared to a 1.69% gain in NIFTY and a 13.43% gain in the Nifty Financial Services index. LIC Housing Finance Ltd rose for a third straight session today. The stock is quoting at Rs 632.55, up 2.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.09% on the day, quoting at 25218.75. The Sensex is at 82666.87, up 0.12%. LIC Housing Finance Ltd has added around 5.29% in last one month. Meanwhile, Nifty Financial Services index of which LIC Housing Finance Ltd is a constituent, has added around 1.99% in last one month and is currently quoting at 26928.95, up 0.18% on the day. The volume in the stock stood at 36.05 lakh shares today, compared to the daily average of 16.39 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 635.1, up 2.2% on the day. LIC Housing Finance Ltd is down 20.5% in last one year as compared to a 1.69% gain in NIFTY and a 13.43% gain in the Nifty Financial Services index. The PE of the stock is 6.27 based on TTM earnings ending March 25.
Business Standard
11-07-2025
- Business
- Business Standard
Muthoot Finance Ltd down for fifth straight session
Muthoot Finance Ltd is quoting at Rs 2628.4, down 0.62% on the day as on 13:19 IST on the NSE. The stock jumped 42.33% in last one year as compared to a 2.68% rally in NIFTY and a 13.76% spurt in the Nifty Financial Services index. Muthoot Finance Ltd is down for a fifth straight session today. The stock is quoting at Rs 2628.4, down 0.62% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.77% on the day, quoting at 25159.1. The Sensex is at 82509.41, down 0.82%.Muthoot Finance Ltd has added around 2.87% in last one Nifty Financial Services index of which Muthoot Finance Ltd is a constituent, has increased around 1.02% in last one month and is currently quoting at 26984.35, down 0.49% on the day. The volume in the stock stood at 1.72 lakh shares today, compared to the daily average of 6.18 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 2635.5, down 0.19% on the day. Muthoot Finance Ltd jumped 42.33% in last one year as compared to a 2.68% rally in NIFTY and a 13.76% spurt in the Nifty Financial Services index. The PE of the stock is 20.41 based on TTM earnings ending March 25.
Business Standard
10-07-2025
- Business
- Business Standard
HDFC Asset Management Company Ltd rises for third consecutive session
HDFC Asset Management Company Ltd is quoting at Rs 5221.5, up 1.57% on the day as on 12:49 IST on the NSE. The stock is up 24.87% in last one year as compared to a 4.43% spurt in NIFTY and a 14.65% spurt in the Nifty Financial Services index. HDFC Asset Management Company Ltd gained for a third straight session today. The stock is quoting at Rs 5221.5, up 1.57% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.33% on the day, quoting at 25392.65. The Sensex is at 83345.69, down 0.23%. HDFC Asset Management Company Ltd has risen around 1.9% in last one month. Meanwhile, Nifty Financial Services index of which HDFC Asset Management Company Ltd is a constituent, has risen around 0.99% in last one month and is currently quoting at 27058.45, down 0.01% on the day. The volume in the stock stood at 4.28 lakh shares today, compared to the daily average of 3.53 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 5231, up 1.26% on the day. HDFC Asset Management Company Ltd is up 24.87% in last one year as compared to a 4.43% spurt in NIFTY and a 14.65% spurt in the Nifty Financial Services index. The PE of the stock is 44.66 based on TTM earnings ending March 25.
Business Standard
10-07-2025
- Business
- Business Standard
Bajaj Finserv Ltd up for fifth session
Bajaj Finserv Ltd is quoting at Rs 2034, up 0.38% on the day as on 12:44 IST on the NSE. The stock is up 28.1% in last one year as compared to a 4.41% spurt in NIFTY and a 14.63% spurt in the Nifty Financial Services. Bajaj Finserv Ltd is up for a fifth straight session today. The stock is quoting at Rs 2034, up 0.38% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.34% on the day, quoting at 25389.45. The Sensex is at 83306.65, down 0.27%. Bajaj Finserv Ltd has risen around 1.05% in last one month. Meanwhile, Nifty Financial Services index of which Bajaj Finserv Ltd is a constituent, has risen around 0.98% in last one month and is currently quoting at 27058.45, down 0.02% on the day. The volume in the stock stood at 6.26 lakh shares today, compared to the daily average of 16.95 lakh shares in last one month. The benchmark July futures contract for the stock is quoting at Rs 2045.2, up 0.51% on the day. Bajaj Finserv Ltd is up 28.1% in last one year as compared to a 4.41% spurt in NIFTY and a 14.63% spurt in the Nifty Financial Services index. The PE of the stock is 207.58 based on TTM earnings ending March 25.
