SBI Approves Sale of 13.19% Stake in Yes Bank to SMBC
State Bank Of India has approved selling its 13.19% stake in Yes Bank to Japan’s SMBC for ₹8,889 crore
Market Pulse: Confirmed Uptrend
On April 17, Nifty confirmed a follow-through day, advancing approximately 1.77% on higher volume compared to the previous session, signaling renewed strength in the market. Similarly, Sensex is up around 1.96% on volume higher than the April 16th session. As a result, market status has been upgraded to Confirmed Uptrend.
Last Week's Market Action
Nifty, -1.39%; Sensex, -1.30%; Nifty Midcap 100, -0.90%; Nifty Smallcap 100, -2.17%; Model Portfolio, -0.62%.
Top gainers in the Nifty 50 were Tata Motors (+8.67%), Titan Company (+5.07%), L&T (+3.43%), Adani Ports (+3.09%), and Hero MotoCorp (+3.03%). The top losers included Sun Pharma (-4.62%), Asian Paints (-4.57%), IndusInd Bank (-4.08%), Jio Financial Services (-4.04%), and NTPC (-3.93%).
Among sectoral indices, the top gainers were Auto (+1.53%), Media (+1.30%), and Consumer Durable (+0.32%). On the flip side, Realty (-6.56%), Bank (-4.46%), Pharma (-2.57%) and Financial Services (-2.48%) lost the most.
Buy Watchlist
Dixon Technologies, Bharti Airtel, Bharti Hexacom Ltd, Fortis Healthcare, Page Industries, Divis Laboratories and view more.
Key News & Earnings Updates
State Bank Of India has approved selling its 13.19% stake in Yes Bank to Japan’s SMBC for ₹8,889 crore.
Swiggy Ltd Q4 losses nearly doubled to ₹1,081 crore from ₹554 crore a year ago.
Bank Of India Q4 net profit surged 82% to ₹2,626 crore, driven by recoveries from written-off accounts.
Dr. Reddy's Laboratories reported a 22% YoY rise in Q4 net profit to ₹1,594 crore.
Reliance Power posted a Q4 net profit of ₹126 crore, aided by lower expenses.
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.
On April 17, Nifty confirmed a follow-through day, advancing approximately 1.77% on higher volume compared to the previous session, signaling renewed strength in the market. Similarly, Sensex is up around 1.96% on volume higher than the April 16th session. As a result, market status has been upgraded to Confirmed Uptrend.
Last Week's Market Action
Nifty, -1.39%; Sensex, -1.30%; Nifty Midcap 100, -0.90%; Nifty Smallcap 100, -2.17%; Model Portfolio, -0.62%.
Top gainers in the Nifty 50 were Tata Motors (+8.67%), Titan Company (+5.07%), L&T (+3.43%), Adani Ports (+3.09%), and Hero MotoCorp (+3.03%). The top losers included Sun Pharma (-4.62%), Asian Paints (-4.57%), IndusInd Bank (-4.08%), Jio Financial Services (-4.04%), and NTPC (-3.93%).
Among sectoral indices, the top gainers were Auto (+1.53%), Media (+1.30%), and Consumer Durable (+0.32%). On the flip side, Realty (-6.56%), Bank (-4.46%), Pharma (-2.57%) and Financial Services (-2.48%) lost the most.
Buy Watchlist
Dixon Technologies, Bharti Airtel, Bharti Hexacom Ltd, Fortis Healthcare, Page Industries, Divis Laboratories and view more.
Key News & Earnings Updates
State Bank Of India has approved selling its 13.19% stake in Yes Bank to Japan’s SMBC for ₹8,889 crore.
Swiggy Ltd Q4 losses nearly doubled to ₹1,081 crore from ₹554 crore a year ago.
Bank Of India Q4 net profit surged 82% to ₹2,626 crore, driven by recoveries from written-off accounts.
Dr. Reddy's Laboratories reported a 22% YoY rise in Q4 net profit to ₹1,594 crore.
Reliance Power posted a Q4 net profit of ₹126 crore, aided by lower expenses.
What do you think? Please email us any questions or comments.
Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.
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- Issued By
- MarketSmith India
- Country
- India
- Categories
- Banking · Business · Finance
- Last Updated
- May 12, 2025