Markets

Stocks to Watch Today: SBI, UPL, Indian Overseas Bank, NBCC, and Others

Raga13

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posted on 2 years ago — updated on 1 second ago

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Stocks to watch today: Shares of firms like UPL, Indian Overseas Bank, NBCC, and others will be in focus in Thursday's trade

Nifty futures on the Singapore Exchange traded 163.5 points, or 1.04 per cent, higher at 15,834, signaling that Dalal Street was headed for a positive start on Thursday. The downtrend continued for the fourth consecutive day, though it was yet another volatile and rangebound session for the market on June 15. Traders cautiously await the outcome of the Federal Reserve’s policy meeting due tonight. Technology, FMCG, power stocks and index heavyweight Reliance Industries pulled the market down, whereas the buying was seen in Bajaj Finance twins, auto, select banking and financial services, and metal stocks. The BSE Sensex fell 152 points to 52,541, while the Nifty50 declined 40 points to 15,692.

Results Today

State Bank of India

The country’s largest lender has hiked the minimum interest rates for home loans to 7.55 per cent effective Wednesday. The move follows a 50 basis points hike in repo rate to 4.90 per cent by the Reserve Bank of India (RBI) last week. In May also RBI had hiked repo rate by 40 basis points.

Yes Bank

Nearly completing its transformation journey since the implementation of restructuring measures in March 2020, the private lender targets to r ecover over Rs 5,000 crore during the current fiscal, the lender said in its annual report 2021-22.

Equitas Small Finance Bank

The private lender said that the Reserve Bank of India has okayed its proposal to reappoint MD and CEO Vasudevan P N for one year. RBI vide its letter dated June 15, 2022 has approved the proposal to reappoint Vasudevan P N as the Managing Director & Chief Executive Officer of the bank, for a period of one year.