SBI puts up for sale NPA account MSP Metallics indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Read more about Govt s move to inject Rs 14,500 cr in 4 PSBs won t raise tangible equity on Business Standard. According to Ind-Ra, these securities would be factored at par value rather than at the discounted value in the banks balance sheet.
Explore Now
The $2 trillion infrastructure spending plan unveiled by the US President Joe Biden pushed US stocks to record highs on Wednesday and triggered strong buying in Asian markets on Thursday. These developments are likely to give domestic stocks a firm start too.
Here s breaking down the pre-market actions.
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 118.50 points, or 0.80 per cent, higher at 14,864.50 in signs that Dalal Street was headed for a positive start on Thursday.
Tech View: Nifty has support at 14,620
If the index trades below 14,670 level on Thursday, it would make an attempt to bridge the bullish gap present in the 14,617-14,572 zone, which was formed on March 30. Usually, such gaps act as support points on the downside and, hence, some buying should be expected if the index approaches the said zone, said analysts.
Capital Infusion in 4 PSBs through Zero-Interest Bonds May Help Regulatory Capital, But not Tangible Equity: Ind-Ra moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.