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BSE Sensex drop 0.7 pct; banks down ahead of data

Sensex ends 126 pts down on global weakness
Weakness in Asian and European markets amid worries that the Chinese government may not come out with a big stimulus to boost its economy and on concerns about the financial crisis in the eurozone cast its shadow on the Indian bourses and dragged down stock prices on Wednesday. There were a couple of rallies from lower levels, but stocks failed to garner enough support to wriggle out of the red. Besides

Banks' net interest margins to remain under pressure
A rise in cost of deposits has resulted in a significant drop in net interest margin (NIMs) of banks in consecutive quarters. They expect NIMs to fall in the current financial year, too.

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Sensex, Nifty hold gains as buying continues

The market, which opened on a bright note this morning, remains firmly placed in positive territory with notable gains now thanks to sustained buying in several blue chip stocks from across various

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Firms take asset sale route, as going gets tough
After the acquisition spree during the ‘India Shining’ phase, home promoters are now back to investment bankers, this time to try and sell assets.

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Challenging times see exit of MF honchos

When Jaideep Bhattacharya put in his papers as chief marketing officer at UTI Asset Management Company (AMC) early this month, there were whispers in the industry that he was being made a scapegoat

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Cut in base rate better than spread reduction

Since the beginning of this year, banks have been lowering interest rates for home loan borrowers. Union Bank of India (UBI) set the mood for a rate cut in January with a 10-basis-point (bp) reduction

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