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Public sector banks remained the darling of the Street as they gained by a majority. UCO Bank, Central Bank of India, Indian Overseas Bank, Bank of Maharashtra, Bank of India, Bank of Baroda, Punjab National Bank, Indian Bank, and IDBI Bank joined the gainers’ list.

On the swing charts, stock has failed to give a bullish follow-through in its recent pullback.

The stock traded at a P/E multiple of 27.3, while the price-to-book value ratio stood at 4.18.

The dollar has been undermined by falling U.S. bond yields as market wager the Federal Reserve can be less aggressive in hiking rates given inflation has clearly turned the corner.

The revenues of Everest, MDH, Catch and Shubham Goldiee expanded between 18% and 35%, though Eastern Condiments and Aachi recorded a marginal drop in sales. Overall, combined sales of the six companies were at ₹8,711 crore ($1.07 billion) in the fiscal ended March 2022.

Prime Minister Narendra Modi will early this week hold a meeting with key finance ministry officials to finalise the February 1 budget, the last full one of this government prior to the 2024 general election, people familiar with the talks said.

The government and LIC together are looking to sell 60.72% in IDBI Bank and had invited bids from potential buyers last October. The two together hold 94.71% in the lender. The successful bidder will have to make an open offer for the acquisition of 5.28% of public shareholding.

Various segments of the Indian economy - from policy makers, businesses and the financial system - appear to be singing from the same song sheet, in a turnaround from the earlier discordant notes across the economic spectrum, he said.

While the recent price hikes in the regional market and expectations of better demand in Europe appear encouraging, we would wait for more clarity on stimulus measures in China and their impact on the overall steel demand, it said.

Gradually, in 2008 I attended some training programs on F&O. Those were very expensive courses and taught by foreign trainers. But the outcome was different from what was taught to us and then I found out that it was because of the difference in between how global and Indian markets work.