Latest news with #UjjivanSmallFinanceBank
Time of India
12-06-2025
- Business
- Time of India
RBI buyback sees strong demand with bids doubling notified amount
The Reserve Bank of India (RBI) received bids Rs 53,031 crore against the notified amount of Rs 26,000 crore at the second buyback auction of this fiscal year. At the auction held on Thursday, the central bank accepted 99% of the notified amount. At the first buyback held last week, the RBI received bids worth Rs 27,256 crore, of which the central bank accepted Rs 23,856 crore or 95% of the notified amount, data showed. Buybacks are a way for the government to pay off debt for next fiscal year to reduce its gross borrowing. It also results in RBI infusing durable liquidity into the system. The RBI bought back five government bonds maturing in 2026 at Thursday's auction. The 5.63% 2026 government bond saw the highest demand with bids received at Rs 26,616 crore. Of this, the central bank accepted Rs17,402 crore. 'The strong demand at the buyback auction indicates that banks may have taken this opportunity to lighten their HTM book, especially because there are no OMOs on the horizon,' said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank . 'In a buyback, banks get to sell short-term bonds and replace them with longer maturity papers and lock-in yields. Further buyback auctions will depend on how the government spending pans out and on evolving liquidity conditions.' Bonds maturing in FY27 are more than double versus this year at Rs 6.48 lakh crore and are consistently high until 2032. The government has also budgeted Rs 2.5 lakh crore for bond switches this year, 60% more than the previous year. In a bond switch, the government replaces bonds maturing in the near term with long-term debt. The RBI, on behalf of the government, is scheduled to conduct an auction on Monday to switch government securities worth Rs 25,000 crore. It will conduct the auction to switch nine government bonds maturing between 2026 and 2029 for papers with maturity between 2032 and 2062.
Economic Times
12-06-2025
- Business
- Economic Times
RBI buyback sees strong demand with bids doubling notified amount
The Reserve Bank of India (RBI) received bids Rs 53,031 crore against the notified amount of Rs 26,000 crore at the second buyback auction of this fiscal year. At the auction held on Thursday, the central bank accepted 99% of the notified amount. ADVERTISEMENT At the first buyback held last week, the RBI received bids worth Rs 27,256 crore, of which the central bank accepted Rs 23,856 crore or 95% of the notified amount, data showed. Buybacks are a way for the government to pay off debt for next fiscal year to reduce its gross borrowing. It also results in RBI infusing durable liquidity into the system. The RBI bought back five government bonds maturing in 2026 at Thursday's auction. The 5.63% 2026 government bond saw the highest demand with bids received at Rs 26,616 crore. Of this, the central bank accepted Rs17,402 crore. 'The strong demand at the buyback auction indicates that banks may have taken this opportunity to lighten their HTM book, especially because there are no OMOs on the horizon,' said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank. 'In a buyback, banks get to sell short-term bonds and replace them with longer maturity papers and lock-in yields. Further buyback auctions will depend on how the government spending pans out and on evolving liquidity conditions.' ADVERTISEMENT Bonds maturing in FY27 are more than double versus this year at Rs 6.48 lakh crore and are consistently high until 2032. The government has also budgeted Rs 2.5 lakh crore for bond switches this year, 60% more than the previous a bond switch, the government replaces bonds maturing in the near term with long-term debt. The RBI, on behalf of the government, is scheduled to conduct an auction on Monday to switch government securities worth Rs 25,000 crore. It will conduct the auction to switch nine government bonds maturing between 2026 and 2029 for papers with maturity between 2032 and 2062. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
09-06-2025
- Business
- Business Standard
Top stock picks for today, June 9: Arkade Developers, ABREL and more
Stock recommendations: Arkade Developers Buy: ₹196.27 Stop loss: ₹178 Target price: ₹220 Arkade Developers has witnessed a breakout from a rounding formation on the daily timeframe, signalling accumulation and a strong bullish setup. The breakout is supported by higher volume on buying days compared to selling days, indicating sustained demand. Technically, the stock is comfortably trading above its 20 EMA, which is expected to act as a dynamic support. Based on the current structure, the stock looks poised to move toward the 220 mark, with immediate support placed at ₹178. Track LIVE Stock Market Updates Here Aditya Birla Real Estate Stop loss: ₹2,285 Target price: ₹2,457 Aditya Birla Real Estate (ABREL) has formed a strong bullish candlestick on the daily chart, supported by the highest volume seen in the past six months, indicating strong buying interest. On the indicator front, RSI is placed above 60, confirming positive momentum and aligning with the broader bullish trend in the real estate sector. Ujjivan Small Finance Bank Buy: ₹47.83 Stop loss: ₹44 Target price: ₹55 Ujjivan Small Finance Bank on the daily timeframe, the stock surged nearly 7 per cent, forming a strong bullish candlestick, accompanied by a breakout from an ascending triangle pattern, typically a bullish continuation setup indicating renewed upward momentum. On the indicator front, the Relative Strength Index (RSI) is heading north, reinforcing the strength of the current move and supporting the positive price action.
Mint
09-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts pick three stocks to buy today amid escalating tension of India-Pakistan war
Stocks to buy under ₹ 100: The Indian stock market closed lower on Thursday, May 8, as rising tensions between India and Pakistan dampened investor confidence. The Indian stock market began the day on a strong note but experienced a steep decline in the final hour of trading after the Indian government announced that its armed forces had struck air defence radars and systems at various sites in Pakistan. The Nifty 50 ended the session down 0.51%, slipping below the 24,300 level to finish at 24,273, while the Sensex declined by 411 points, or 0.51%, closing at 80,334. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "The market volatility is expected to persist as investors track further developments on the India-Pakistan front and US trade announcements." On the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of Nifty today is weak with high volatility. Rising geopolitical tension is weighing heavily on the market and leading to nervousness. A further fall below 24,200 could open the next lower support of 23,850. Immediate resistance for Nifty today is placed at 24,450." When asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, 'The Bank Nifty index on a daily chart formed a big red candle, indicating selling pressure at higher levels. Immediate resistance for Nifty today is placed at 55,000, followed by 56,000, while key support lies at 53,890.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mehul Kothari, Deputy Vice President—Technical Research at Anand Rathi; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities—recommended buying these three intraday stocks: Ujjivan Small Finance Bank, IDFC First Bank, and Restaurant Brands Asia. 1] Ujjivan Small Finance Bank: Buy at ₹ 42, Target ₹ 46, Stop Loss ₹ 40. 2] IDFC First Bank: Buy at ₹ 66, Target ₹ 70, Stop Loss ₹ 63.50. 3] RBA: Buy at ₹ 76.40, Target ₹ 80, Stop loss ₹ 75.
Mint
09-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts pick three stocks to buy today amid escalating tension of India-Pakistan war
Stocks to buy under ₹ 100: The Indian stock market closed lower on Thursday, May 8, as rising tensions between India and Pakistan dampened investor confidence. The Indian stock market began the day on a strong note but experienced a steep decline in the final hour of trading after the Indian government announced that its armed forces had struck air defence radars and systems at various sites in Pakistan. The Nifty 50 ended the session down 0.51%, slipping below the 24,300 level to finish at 24,273, while the Sensex declined by 411 points, or 0.51%, closing at 80,334. Speaking on the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, said, "The market volatility is expected to persist as investors track further developments on the India-Pakistan front and US trade announcements." On the outlook of the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, said, "The underlying trend of Nifty today is weak with high volatility. Rising geopolitical tension is weighing heavily on the market and leading to nervousness. A further fall below 24,200 could open the next lower support of 23,850. Immediate resistance for Nifty today is placed at 24,450." When asked about the outlook of the Bank Nifty today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, said, 'The Bank Nifty index on a daily chart formed a big red candle, indicating selling pressure at higher levels. Immediate resistance for Nifty today is placed at 55,000, followed by 56,000, while key support lies at 53,890.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher; Mehul Kothari, Deputy Vice President—Technical Research at Anand Rathi; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities—recommended buying these three intraday stocks: Ujjivan Small Finance Bank, IDFC First Bank, and Restaurant Brands Asia. 1] Ujjivan Small Finance Bank: Buy at ₹ 42, Target ₹ 46, Stop Loss ₹ 40. 2] IDFC First Bank: Buy at ₹ 66, Target ₹ 70, Stop Loss ₹ 63.50. 3] RBA: Buy at ₹ 76.40, Target ₹ 80, Stop loss ₹ 75. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
