The FinTech Hub
Source: Live Mint Shares of banking and financial services companies soared on Friday after the Reserve Bank of India (RBI) delivered a larger-than-expected 50 basis point (bps) cut in the benchmark repo rate and a surprise 100 bps reduction in the Cash Reserve Ratio (CRR). The Monetary Policy Committee’s (MPC) aggressive move, along with a…
Source: Business Standard 3 min read Last Updated : Oct 15 2024 | 7:15 AM IST Nifty Financial Services Index: Range-Bound Movement The Nifty Financial Services Index is currently trading within a well-defined range of 23,900 to 23,100. This range-bound pattern indicates consolidation in the market. Traders should watch for a close above or…
Source: Live Mint Rate-sensitive sectors surged on Wednesday, October 9 following the Reserve Bank of India (RBI)’s decision to change its policy stance to ‘Neutral’ from ‘Withdrawal of Accommodation,’ indicating the possibility of a rate cut in December. The RBI’s Monetary Policy Committee (MPC), however, kept the repo rate unchanged at 6.5 per cent for…
Source: Business Standard 3 min read Last Updated : Sep 24 2024 | 6:15 AM IST Nifty Financial Services Index The Nifty Financial Services Index has recently approached its resistance level of 25,000, which is a crucial round figure for short-term traders. This level will serve as a key test for the index,…
Source: Business Standard Illustration: Ajay Mohanty 4 min read Last Updated : Sep 19 2024 | 4:16 PM IST Nifty PSU Bank slips: The Nifty PSU Bank index, which monitors the performance of public sector banks, fell by as much as 1.80 per cent, hitting an intraday low of 6,556.25 on Thursday, September 19,…
Source: Business Standard 3 min read Last Updated : Sep 10 2024 | 6:18 AM IST Nifty Financial Service Index The Nifty Financial Services Index is currently trading in a range-bound pattern, moving between the levels of 23,800 and 23,660. This indicates that the index is in a consolidation phase, with no…
