The Indian Stock Market is seeing a mixed start this Tuesday. While the main market numbers are down, the banking and finance sector is getting a lot of attention. Investors are looking past the general drop in prices to focus on the stocks in news from major banks like HDFC Bank and SBI.<\/p>\n
As of 9:20 AM IST, the BSE SENSEX was trading at 84,918.74, which is a drop of 294.62 points (0.35%). Similarly, the NIFTY 50 slipped below the 26,000 level to trade at 25,935.40, showing a loss of 91.90 points (0.35%).
\nEven though the market is down, there is some good news coming from outside India.<\/p>\n
The global oil markets are cooling down, which means crude oil prices are falling. This is happening because Geopolitical Tensions are easing. This drop in oil prices is a relief for investors who are worried about the weak Indian Rupee. Right now, everyone is waiting for the US Jobs Report to see where the market might go next.<\/p>\n
(<\/span><\/i>Source:<\/i><\/b> NSEINDIA<\/span><\/i><\/a>)<\/span><\/i><\/span><\/p>\n Apart from the daily share price movements, investors are watching two big events happening in the United States this week.<\/span><\/p>\n (<\/span><\/i>Source:<\/i><\/b> Marketwatch, Barrons, WSJ.com)<\/span><\/i><\/span><\/p>\n A very positive sign for India is the sudden drop in global oil prices. The price of Brent crude oil fell by 24 cents to $60.32 a barrel. US oil prices also dropped to $56.60. This drop is happening because there is hope for a peace deal between Russia and Ukraine. If peace happens, sanctions (penalties on trade) might be lifted, allowing more oil to be sold globally.<\/span><\/p>\n For India, which buys most of its oil from other countries, oil prices below $61 are great news. It helps the government save money and keeps the prices of everyday items in check. However, the Indian Rupee is facing some pressure. It opened at a new low of 90.81 against the US dollar on Tuesday, weaker than yesterday\u2019s price of 90.73. Market analysts believe that if oil stays cheap, it will eventually help the Rupee become stable.<\/span><\/p>\n (<\/span><\/i>Source:<\/i><\/b> CNBC TV-18)<\/span><\/i><\/span><\/p>\n The banking sector is seeing some interesting changes. <\/span>HDFC Bank<\/span><\/a>, one of India’s largest banks, has received permission from the Reserve Bank of India (RBI) to buy up to a 9.5% stake (share) in <\/span>IndusInd Bank<\/span><\/a>. This is a big deal and shows that big banks are looking to grow by investing in other banks.<\/span><\/p>\n Meanwhile, the <\/span>State Bank of India (SBI)<\/span><\/a> is focusing on green energy. The bank is signing a deal to get a line of credit worth Euro 150 million from a German bank. This money will be used to lend to projects that create eco-friendly energy. Also, the government has appointed Ravi Ranjan as the new Managing Director of SBI.<\/span><\/p>\n In the home loan market, <\/span>Can Fin Homes<\/span><\/a> had good news for its shareholders. The company announced it will pay an interim dividend (a share of the profit) of \u20b97 per share.<\/span><\/p>\n (<\/span><\/i>Source:<\/i><\/b> Moneycontrol)<\/span><\/i><\/span><\/p>\n Several companies that build infrastructure or make equipment are doing well because they have received new work orders.<\/span><\/p>\n (<\/span><\/i>Source:<\/i><\/b> Moneycontrol)<\/span><\/i><\/span><\/p>\n (<\/span><\/i>Source:<\/i><\/b> Moneycontrol, CNBC TV-18)<\/span><\/i><\/span><\/p>\n Right now, the Nifty index is struggling to stay above the 26,000 level. However, because companies are winning new orders and the global oil markets are becoming more favourable, smart investors might use this dip to buy the specific stocks in news today.<\/p>\n As the day goes on, everyone will be waiting for the US jobs data. If the report is good, it might make investors feel safer, helping the market recover.<\/p>\n <\/p>\n <\/p>\n Disclaimer:<\/i><\/b> Investments in the securities market are subject to market risks, read all the related documents carefully before investing. This content is purely for information purpose only and in no way to be considered as an advice or recommendation. The securities are quoted as an example and not as a recommendation.<\/span><\/i><\/span><\/p>\n Investors are requested to do their own due diligence before investing. Paytm Money Ltd SEBI Reg No. Broking \u2013 INZ000240532, Depository Participant \u2013 IN \u2013 DP \u2013 416 \u2013 2019, Depository Participant Number: CDSL \u2013 12088800, NSE (90165), BSE (6707) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019. For complete Terms & Conditions and Disclaimers visit: <\/span><\/i>https:\/\/www.paytmmoney.com\/stocks\/policies\/terms<\/span><\/i><\/a> .<\/span><\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":" The Indian Stock Market is seeing a mixed start this Tuesday. While the main market numbers are down, the banking and finance sector is getting a lot of attention. Investors are looking past the general drop in prices to focus on the stocks in news from major banks like HDFC Bank and SBI. As ofContinue reading “Stocks in News: Banking and Finance in Focus as HDFC Bank and SBI Announce New Deals”<\/span><\/a><\/p>\n","protected":false},"author":51,"featured_media":6136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[148,289,284,287,282,91,97,42,288,127,286,283,285],"class_list":["post-6135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bse-sensex","tag-consumer-price-index","tag-crude-oil-prices","tag-geopolitical-tensions","tag-global-oil-markets","tag-hdfc-bank","tag-indian-rupee","tag-indian-stock-market","tag-market-opening-cues","tag-nifty-50","tag-order-book-wins","tag-us-jobs-report","tag-zydus-lifesciences"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/6135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=6135"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/6135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/6136"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=6135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=6135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=6135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Global Watchlist: US Jobs and CPI Report<\/h2>\n
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Cheaper Oil and Peace Hopes<\/b><\/h2>\n
Banking and Finance<\/b><\/h2>\n
Companies Getting New Work Orders<\/b><\/h2>\n
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Medicine and Tech: New Approvals and Partnerships<\/b><\/h2>\n
\n
The Bottomline<\/b><\/h2>\n