Also, a meeting of the banks board of directors will be held on Tuesday, January 24, 2023, to consider, approve and take on record its financial results for the quarter and nine months ended December 31, 2022, the bank said in a BSE filing

Dalal Street trader and investor Vivek Bajaj, who runs StockEdge, says credit will slow down when interest rates go up to obnoxious levels. "PSU banks, being the most inefficient segment of the banking sector, will definitely see corrections. But efficiently managed banks like SBI and Bank of Baroda will continue to outperform other PSU banks," he said.

The companys board meeting is to take place to consider and approve the migration process from SME to the main board of the stock exchange(s) in terms of Regulation 277 and other applicable provisions of SEBI.

Apart from credit growth and refinancing, the market condition is conducive, if you look at the long-term rates for bonds," said Soumyajit Niyogi, director, core Analytical Group at India Ratings and Research. "So they are beefing up capital.Indian state-run and private banks raised an aggregate of 611.94 billion rupees ($7.39 billion) in October-December, more than double the 301.34 billion rupees raised in July-September, according to data compiled by Reuters.

The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds

Frankly speaking yes, banks currently in the last year have outperformed. We should see credit bounce back continuing. We should definitely see all banks performing including other large cap private sector space and PSU banks.

"Among Nifty December month options, activity in calls far exceeds that of puts. Put OI is concentrated at ATM, and at psychological points of 17500 and 17000, which do not reflect a positioning bias. However, OI and activity along calls are spread across the near OTMs suggesting that traders have been trying to capitalize on the falling momentum by building shorts."

'It has been observed that markets remain in positive terrain in the last 5 trading sessions of December and the first 2 sessions of January. '

'It has been observed that markets remain in positive terrain in the last 5 trading sessions of December and the first 2 sessions of January. '

Money managers do expect the banking pack to remain on the top of the betting list in 2023 as a recovery in the domestic economy will see the sector leading earnings growth for India Inc.

In the Nifty 50 index, 27 stocks were trading in the green, while 22 stocks were trading in the red.

In the Nifty pack, 24 stocks were trading in the green, while 26 stocks were trading in the red.

In the Nifty50 index, 26 stocks were trading in the green, while 22 stocks were in the red.

In the Nifty pack, 28 stocks closed in the green, while 22 stocks ended in the red.

In the Nifty50 index, 28 stocks closed in the green, while 22 stocks ended in the red.

In the Nifty 50 index, 28 stocks ended in the green, while 22 stocks closed in the red in today's trade.

Since the US Fed dot plot was already pointing towards a 50bps hike, the odds of a negative surprise rode high, keeping risk appetite low as the week progressed.

Stocks that were in focus include names like Yes Bank which was up nearly 11%, Punjab and Sind Bank rose over 7%, and Central Bank of India rallied over 4%.Here's what Pravesh Gour, Senior Technical Analyst, Swastika Investmart at recommends investors should do with these stocks when the market resumes trading today:

Nifty had a phenomenal run in the month of October and November and has potentially delivered over 10 percent return in just two months. There were lots of stirs and juggle globally in the past couple of weeks, but the market ignored the noise and deliberately moved higher.

"The Bank Nifty index after a breakout is not able to surpass the hurdle of 44,000 on the upside. The index lower-end support is at 43000 and if breached, will lead to aggressive selling on the downside towards 42,000-41,400 levels."

In addition, we are witnessing a negative divergence in daily RSI. Hence, on the downside, a break below 42,950 which is the weekly low might bring a pause to the upside momentum. In such a scenario, the index might correct towards 42,000 or more. Any short trades in the index can be considered only below 42,950.

In addition, we are witnessing a negative divergence in daily RSI. Hence, on the downside, a break below 42,950 which is the weekly low might bring a pause to the upside momentum. In such a scenario, the index might correct towards 42,000 or more. Any short trades in the index can be considered only below 42,950.

The Nifty Auto index closed 0.3 per cent down at 12869.4.

The Nifty Pharma index closed 0.36 per cent up at 12774.7.

The Nifty Bank index closed 0.08 per cent up at 43633.45.

The Nifty Bank index closed 1.16 per cent up at 43596.85.

The Nifty Realty index closed 0.78 per cent down at 454.35.

The Nifty IT index closed 0.24 per cent down at 30115.0.

The Nifty Auto index closed 0.29 per cent up at 12908.15.

"A change in stance to dovish going forward by RBI will lead to rally in the banking segment while a prolonged hawkish stance will impact deposit rates and lead to narrowing NIMs, more so for PSBs," said Anil Rego, founder and fund manager at Right Horizons PMS.

The Nifty Bank index closed 0.45 per cent down at 43138.55.

In the Nifty 50 index, 23 stocks ended in the green, while 27 stocks closed in the red in today's trade.

The Nifty Auto index closed 0.26 per cent down at 12973.8.

The Nifty Realty index closed 0.68 per cent down at 463.4.

In the Nifty50 index, 23 stocks closed in the green, while 27 stocks ended in the red.

In the Nifty pack, 23 stocks closed in the green, while 27 stocks ended in the red.

The Nifty Auto index was trading 0.38 per cent down at 12957.6.

The Nifty Pharma index was trading 0.61 per cent down at 12973.45.

In the Nifty 50 index, 16 stocks were trading in the green, while 33 stocks were trading in the red.

The Nifty Bank index was trading 0.17 per cent down at 43260.2.

The Nifty Realty index was trading 0.5 per cent down at 464.2.

In the Nifty pack, 14 stocks were trading in the green, while 36 stocks were trading in the red.

In the Nifty50 index, 13 stocks were trading in the green, while 35 stocks were in the red.

In the Nifty50 index, 14 stocks were trading in the green, while 36 stocks were in the red.

In the Nifty 50 index, 13 stocks were trading in the green, while 36 stocks were trading in the red.

The Nifty Auto index was trading 1.03 per cent down at 13056.3.

The Nifty Bank index was trading 0.54 per cent down at 43025.6.

The Nifty IT index was trading 0.49 per cent down at 30967.3.