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Top News In Uco Bank Today - Breaking & Trending Today
Private banks are trading at a price-to-book (P/B) valuation of 2.3 against the 10-year average of 2.5. On the other hand, the PB of PSU banks is at 1.2 against the long term average of 0.8. ....
PSU Banks resume winning streak with gains for the third consecutive session. All 12 constituents of the Nifty PSU Bank index finished today s trade in the green, with Bank of India and Punjab and Sind Bank leading the pack, gaining 5.8% and 5.3%, respectively. ....
IT companies, which earn a significant share of their revenue from the US, lost about 3%, after data showed that inflation in the world s largest economy slowed less than expected in January, hurting market expectations of an early Federal Reserve rate cut. ....
On Monday, Nifty s Midcap 100 index fell 2.5% - its biggest single-day fall since January 23, and the Small Cap 100 index slumped 4% - its biggest fall in a day since September 12 last year. The Nifty Microcap 250 declined 3.9%. The Sensex and Nifty shed 0.7-0.8% each Monday. On Friday, the small-cap and mid-cap indices fell between 2% and 3%. ....