Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
PSU Bank shares declined after advancing in the past trading session.
At 12:25 IST, the barometer index, the S&P BSE Sensex declined 427.78 points or 0.58% to 74,477.91. The Nifty 50 index declined 140.10 points or 0.60% to 23,338.50.
In the broader market, the BSE 150 MidCap Index fell 0.52% and the BSE 250 SmallCap Index dropped 0.59%.
The market breadth was negative. On the BSE, 1,474 shares rose and 2,651 shares fell. A total of 256 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 4.23% to 12.30. The Nifty 29 September 2026 futures were trading at 23,399.20 at a premium of 60.7 points as compared with the spot at 23,338.50.
The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 85.7 lakh contracts at the 24,000 strike price. A maximum put OI of 61.8 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty PSU Bank index declined 0.87% to 8,329.05. The index rose 0.01% in the past trading session.
Bank of India (down 1.48%), State Bank of India (down 1.33%), Indian Bank (down 1.24%), Canara Bank (down 0.96%), Bank of Baroda (down 0.53%), Union Bank of India (down 0.49%), Central Bank of India (down 0.39%) and Punjab & Sind Bank (down 0.13%) declined.
Stock in Spotlight:
Diamond Power Infrastructure rose 2.27% after the company announced that it had completed its exit from the resolution framework under the Insolvency and Bankruptcy Code (IBC). The company said it has prepaid the entire Rs 501 crore cash consideration payable to its erstwhile lenders under the NCLT-approved resolution plan, along with redeemable bonds worth Rs 1,900 crore. The cash component was originally payable over five years, with the final instalment due on 30 September 2027. The company said it discharged the cash obligation in September 2026, one year ahead of schedule.
PSU Bank shares witnessed selling pressure for second consecutive trading session.
At 12:25 IST, the barometer index, the S&P BSE Sensex declined 447.84 points or 0.59% to 76,067.59. The Nifty 50 index declined 133.40 points or 0.57% to 23,763.20.
In the broader market, the BSE 150 MidCap Index fell 0.56% and the BSE 250 SmallCap Index rose 0.05%.
The market breadth was negative. On the BSE, 1,946 shares rose and 2,316 shares fell. A total of 281 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 5.03% to 11.22. The Nifty 29 September 2026 futures were trading at 23,882, at a premium of 118.8 points as compared with the spot at 23,763.20.
The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 62.7 lakh contracts at the 24,000 strike price. A maximum put OI of 71.5 lakh contracts was seen at the 24,000 strike price.
The Nifty PSU Bank index fell 1.28% to 8,406.10. The index declined 1.71% in the two consecutive trading sessions.
Bank of India (down 2.15%), Union Bank of India (down 1.79%), Indian Overseas Bank (down 1.34%), State Bank of India (down 1.33%), Bank of Baroda (down 1.22%), Indian Bank (down 1.18%), Punjab National Bank (down 1.03%), Canara Bank (down 0.88%), UCO Bank (down 0.85%) and Punjab & Sind Bank (down 0.73%) declined.
Sudarshan Pharma Industries was locked in 5% upper circuit after the company said that its board has approved a proposal to acquire 24,23,675.64 equity shares of common stock, equivalent to 9.50% stake of MedTherapy Biotechnology Inc.
Bank of India is up for a third straight session today. The stock is quoting at Rs 144.9, up 1.26% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 23909.75. The Sensex is at 76617.18, up 0.06%. Bank of India has gained around 3.18% in last one month.
Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has gained around 1.59% in last one month and is currently quoting at 8511.7, up 1.21% on the day. The volume in the stock stood at 59.34 lakh shares today, compared to the daily average of 58.93 lakh shares in last one month.
The benchmark September futures contract for the stock is quoting at Rs 145, up 1.42% on the day. Bank of India is up 29.21% in last one year as compared to a 3.33% slide in NIFTY and a 25.87% slide in the Nifty PSU Bank index.
The PE of the stock is 5.72 based on TTM earnings ending June 26.
Bank of India fell for a fifth straight session today. The stock is quoting at Rs 142, down 0.07% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.46% on the day, quoting at 24043.1. The Sensex is at 76859.21, down 0.49%.Bank of India has eased around 3.37% in last one month.Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has eased around 0.2% in last one month and is currently quoting at 8618.5, down 0.23% on the day. The volume in the stock stood at 29.06 lakh shares today, compared to the daily average of 79.31 lakh shares in last one month.
The benchmark August futures contract for the stock is quoting at Rs 142.15, down 0.29% on the day. Bank of India jumped 22.07% in last one year as compared to a 4.02% slide in NIFTY and a 21.04% spurt in the Nifty PSU Bank index.
The bank’s global and domestic deposits were Rs 9,58,117 crore (up 14.92%) and Rs 8,25,157 crore (up 16.17%), respectively, at the end of June 2026 quarter.
While global gross advances increased by 18.64% YoY to Rs 7,97,798 crore, domestic gross advances jumped 19.12% to Rs 6,73,386 crore in Q1 FY26,
In the retail, agriculture and MSME (RAM) segment, Bank of India’s advances aggregated to Rs 3,92,647 crore, up 19.69% YoY.
Bank of India is a public sector bank. The Government of India held a 73.38% stake in the bank as of 31st March 2026.
The bank reported a 14.85% increase in standalone net profit to Rs 3,015.79 crore on 4.3% increase in total income to Rs 22,685.38 crore in Q4 FY26 over Q4 FY25.
Bank of India rose for a fifth straight session today. The stock is quoting at Rs 144, up 2.92% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 1.01% on the day, quoting at 23958.55. The Sensex is at 76230.39, up 1.08%. Bank of India has dropped around 2.38% in last one month.
Meanwhile, Nifty PSU Bank index of which Bank of India is a constituent, has dropped around 7.74% in last one month and is currently quoting at 8006.15, up 2.03% on the day. The volume in the stock stood at 65.4 lakh shares today, compared to the daily average of 116.49 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 143.63, up 2.57% on the day. Bank of India is up 22.75% in last one year as compared to a 4.17% fall in NIFTY and a 21.66% fall in the Nifty PSU Bank index.
The PE of the stock is 6.06 based on TTM earnings ending March 26.