Positive Breakout: These 14 stocks cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
Month: July 2026
Global Market Today: Asian stocks slip on AI woes, oil extends drop
Asian stocks dipped, mirroring a global tech sell-off fueled by concerns that the AI rally has overheated. Investors are questioning sky-high valuations amid rising costs and market competition. Meanwhile, US Treasuries saw yields fall after softer jobs data and lower oil prices eased expectations for further Federal Reserve rate hikes this year, though at least…
BoB, BoI, PNB see 350-Bps credit-deposit growth gap
Three major public sector banks – Bank of Baroda, Bank of India, and Punjab National Bank – are showing a significant gap between their credit and deposit growth, exceeding 350 basis points. While Bank of Baroda saw a sequential dip in both assets and liabilities, Bank of India and Punjab National Bank reported consistent expansion…
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition…
‘India’s private credit market primed for sustained growth’
India’s private credit market is poised for significant expansion, projected to reach $50 billion by 2030, fueled by increasing corporate funding needs and limitations faced by traditional banks. While this alternative capital source is gaining traction, new RBI regulations allowing bank acquisition financing could introduce greater competition. Real estate and infrastructure sectors are leading this…
Astral’s demerger plan triggers sharp market selloff, brokerages trim targets
Astral’s stock dipped 11% after announcing a demerger of its chemicals business. Investors are concerned about the valuation and growth prospects of the standalone chemical entity, which currently lags the profitable plumbing segment. While analysts maintain ‘buy’ ratings, some have lowered target prices. The company anticipates significant revenue growth for the chemicals division in the…
Stocks in news: Marico, Adani Enterprises, Tata Motors PV, PB Fintech, PNB
Indian markets saw a second day of gains, with the Nifty reclaiming its 100-day moving average, signaling a bullish trend. Key companies like Marico, Tata Motors PV, and Adani Enterprises are in focus due to strong Q1 updates and fundraising plans. PNB and Bank of India reported significant credit growth, while HDFC Bank is enhancing…
Carlsberg files IPO papers to raise $700 million
Danish brewer Carlsberg has taken a significant step towards listing its Indian operations by confidentially filing draft papers for a $700 million IPO with the Bombay Stock Exchange. Managed by top financial institutions, the move follows a year of preparations, including strengthening governance and converting to a public limited company. This IPO aims to tap…
BoB, BoI, PNB see 350 bps credit-deposit gap widen
Three major public sector banks – Bank of Baroda, Bank of India, and Punjab National Bank – are showing a significant gap between their credit and deposit growth, exceeding 350 basis points. While Bank of Baroda saw a sequential dip in both assets and liabilities, Bank of India and Punjab National Bank reported consistent expansion…
Icra downgrades Utkarsh SFB debt ratings on weak asset quality, earnings
Icra downgraded Utkarsh Small Finance Bank’s debt ratings, citing elevated bad loans, weak earnings and rising stress in its microfinance portfolio. High credit costs, fresh slippages and lower operating profitability weighed on the lender despite improving collection efficiency.