Banks swell investor wealth by Rs 1 lakh cr in 1 day; US steps up vigil on RBI’s forex buildup

ET Markets Daily Brief | Wed, Oct 25, 2017 | 06:39 PM IST Follow ET Markets

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Tech view: Nifty forms Hammer-like pattern; short covering can lift it more The indices may pause in the next session. Even the market breadth suggests the same thing. Modi booster gives stock investors Rs 2 lakh crore in a day  Union Cabinet's recapitalisation scheme sent PSU bank stocks soaring on Wednesday morning. Achhe din still elude Infosys; Murthy back to rabble rousing Narayana Murthy on Tuesday said that he was disappointed with the stand taken by the board.

Interview One to One ���The public sector banking system now has the capital to meet long-term growth requirements of India.���... Keki Mistry , HDFC

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 2.53 13.79 22.85 17.25 Invesco India Growth Fund Direct-Growth 2.76 15.92 24.92 17.10 Mirae Asset India Opportunities Fund Regular- Growth 2.46 13.40 21.97 16.34 Motilal Oswal MOSt Focused 25 Fund Direct-Growth -0.17 7.74 19.06 16.13 SBI Bluechip Direct Plan-Growth 1.59 9.14 15.07 15.77 Featured DSP BlackRock Equity Savings Fund Direct-Growth ��������������� 1.11 6.04 10.42 Start SIP

Market Watch 25 Oct | 06:39PM| SENSEX NIFTY USD/INR GOLD 33042.50 ↑435.16 10295.35 ↑87.65 64.88 ↓-0.19 29335.00 ↓-206.00

Gainers Losers 25 Oct, 2017, 06:39PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Punjab National Bank 201.90 46.20 18068973 207.00 151.90 Canara Bank 437.90 38.05 2654966 442.00 348.90 Union Bank of India 176.10 34.07 4134003 177.60 144.45

Tweet of the day... What ace investors bought and sold in September quarter

FROM THE NEWSPAPER

Reliance Nippon Life IPO subscribed 4.63 times on Day 1 The issue received bids for 19,84,66,029 shares against the total issue size of 4,28,40,000. After Hours: Banks swell on recap boost; tepid debut for GICRe Bank stocks were on fire, which made the PSU Bank index zoom 30 per cent. India currency manipulator? US is watching RBI's forex buildup The RBI says it doesn't target any level and only intervenes to smooth volatility. Kotak Mahindra Bank posts 20% YoY rise in profit at Rs 1,440 crore NII of the lender increased 15.80 per cent year-on-year to Rs 3,085.26 crore in Q2FY18. View: Give India some credit for this capital initiative The government will issue recapitalization bonds that will be bought by the lenders.

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