Browsing: bank

[ad_1] Axis Bank Magnus Credit Card Terms and Conditions (Revised): Axis Bank has revised terms and conditions for its popular Magnus Credit Cards. The new rules will come into effect from September 1, as per a document on the Axis Bank website, which is also being circulated on social media. The bank has proposed to increase the annual fee from Rs 10,000+ GST to Rs 12,500+ GST. Apart from this, new rules for EDGE Reward points have also been proposed by the bank. A few days back, Axis Bank also revised the terms and conditions for its reserve credit cards…

[ad_1] By Dharmesh Shah Nifty 50 endured its record setting spree over third consecutive week buoyed by firm global cues. As a result, Nifty settled last week at 19,565, up 1.2%. The broader market performed in tandem with the benchmark as Nifty Midcap, Smallcap gained 1.3% and 1.9%, respectively. Sectorally, IT, metal, realty while financials took a breather. Technical Outlook The Nifty started the week on a muted note, however buying demand in the fag end of the week helped the index to clock a fresh all time high of 19,595. As a result, weekly price action formed a bull…

[ad_1] Stocks in focus: The GIFT Nifty recorded a 0.13% loss during Monday’s early trading session, with a value of 19,594 indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. Benchmark indices NSE Nifty 50 and BSE Sensex made new all-time highs and ended Friday’s trading session broadly in the green. Nifty 50 soared 150.75 points to close at 19,564.50 after making a new 52-week high of 19,595.35 intraday. “The controlled inflation in the US has instilled optimism among investors that a 25-bps rate hike would be adequate to stabilise the US economy. This improved prospect…

[ad_1] Stock Market Today, Nifty, Bank Nifty: Benchmark indices NSE Nifty 50 and BSE Sensex may open in green amid mostly positive global cues. The GIFT Nifty futures traded 10 points or 0.05% lower at 19,548 in early morning trade. Asian markets were trading mostly in green – China’s Shanghai Composite Index dipped 0.05%, South Korea’s KOSPI jumped 1.32%, Hong Kong’s Hang Seng rose 0.24%, Japan’s Nikkei 225 gained 0.04%, and Asia Dow advanced 0.44%. The US market ended Thursday’s session in green – Dow Jones Industrial Average (DJIA) rose 0.14%, S&P 500 surged 0.85% and the tech-heavy Nasdaq soared…

[ad_1] Axis Bank has revised the terms and conditions applicable to Axis Bank Reserve Credit Card customers. The revised rules will be applicable from 13th August 2023, as per information available on the Axis Bank website. Following are details of the changes announced by Axis Bank. Revision of Transaction MCC (Merchant Category Code) considered for Annual Fee Waiver and Edge Program: The bank said spends threshold for annual fee waiver will exclude transactions done on Government institutions and utilities. Further, spending on Government institutions and utilities will not be eligible for EDGE Rewards. MCC Codes: Utilities: 4814, 4816, 4899, 4900Govt…

[ad_1] Benchmark indices NSE Nifty 50 and BSE Sensex made new all-time highs on Thursday. In the intraday trade, Nifty 50 surged 156.35 points or 0.85% to 19,549.65  and 30-share Sensex jumped 602.57 points or 0.92% to 65,996.47. Among the broader market indices – Nifty Next 50 rose 0.31%, Nifty Midcap 50 gained 0.26%, Nifty Smallcap 100 jumped 0.43% and Nifty Total Market surged 0.66%. In sectoral indices, Nifty Bank jumped 0.78%, Nifty Financial Service surged 0.96%, Nifty Auto gained 0.15%, Nifty FMCG gained 0.08% and Nifty PSU Bank rose 0.43%.  HDFC Bank, Zomato, HCL Technologies, Tata Consultancy Services, Reliance…

[ad_1] Benchmark indices NSE Nifty 50 and BSE Sensex ended Wednesday’s session in the red. The Nifty 50 sank 55.10 points or 0.28% to 19,384.30 and Sensex tumbled 223.94 points or 0.34% to 65,393.90. In sectoral indices, Bank Nifty plunged 105.60 points or 0.24% to 44,639.45, Nifty Financial Services fell 0.23%, Nifty IT tanked 0.71% and Nifty Private Bank declined 0.29% while Nifty FMCG rose 0.18%, Nifty Pharma gained 0.30% and Nifty PSU Bank surged 0.83%. The top gainers on Nifty 50 were ONGC, Eicher Motors, Nestle India, Kotak Bank and SBI Life while the losers were Adani Enterprises, Tata…

[ad_1] Utkarsh Small Finance Bank IPO: Lender Utkarsh Small Finance Bank’s Rs 500-crore IPO opens for subscription today, 12 July. The public offer is entirely a fresh issue of 20 crore shares. Utkarsh Small Finance Bank promoter Utkarsh CoreInvest will hold a 69.28% stake in the firm following the listing. The bank has set the price band for the IPO at Rs 23-25 per equity share. Utkarsh Small Finance Bank shares’ grey market premium soared 64% on Wednesday, commanding a premium of Rs 16 over upper end of the IPO price, implying a listing price of Rs 41 per share.…

[ad_1] Stock Market Today, Nifty, Bank Nifty: Benchmark indices NSE Nifty 50 and BSE Sensex may trade today flat amid muted global cues. The GIFT Nifty futures were trading 3.5 points or 0.02% lower at 19,533.50. Asian markets were trading mixed – China’s Shanghai Composite Index dipped 0.14%, South Korea’s KOSPI rose 0.01%, Hong Kong’s Hang Seng jumped 0.86%, Japan’s Nikkei 225 tanked 0.82%, and Asia Dow gained 0.51%. The US market ended the overnight session in green – Dow Jones Industrial Average (DJIA) rose 0.93%, S&P 500 gained 0.67% and the tech-heavy Nasdaq advanced 0.55%. On Tuesday, the NSE…

[ad_1] Stock Market Today, Nifty, Bank Nifty: Benchmark indices NSE Nifty 50 and BSE Sensex may trade higher today amid positive global cues. The GIFT Nifty futures were trading 31 points or 0.16% higher at 19,488. Asian markets were trading in green – China’s Shanghai Composite Index rose 0.17%, South Korea’s KOSPI jumped 1%, Hong Kong’s Hang Seng gained 0.79%, Japan’s Nikkei 225 advanced 0.31%, and Asia Dow was up 0.69%. The US market ended the overnight session in positive territory – Dow Jones Industrial Average (DJIA) rose 0.62%, S&P 500 gained 0.24% and the tech-heavy Nasdaq increased 0.18%. On…