Skip to main content

SBI shares fall due to Supreme Court order.

After the Supreme Court strongly criticized the operation of SBI Bank in the case of election bonds, the share price of the bank fell by 2 percent in the stock market yesterday.

SBI shares fall due to Supreme Court order.
SBI


The SBI had filed a petition in the Supreme Court last week seeking more time to provide information related to those who funded the election bonds. The Supreme Court heard the petition yesterday and rejected the request of SBI.

Further, the Supreme Court warned that by today, the Election Commission should provide complete information regarding those who financed the election bonds, failing which, a contempt of court case would be filed against the bank.

After the court's order, SBI's share price fell as much as 2 percent in mid-day trade.

At the close of trading yesterday, the National Stock Exchange S. PI Bank's share price fell 1.79 percent to Rs 773.95.

However, market experts are of the view that this decline is temporary and should be seen as a good opportunity for medium and long-term investors.


Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

Today gold price February 2025

Today gold rate status in tamilnadu, 22 carat gold is a type of gold alloy that is 91.67% pure gold. The remaining 8.33% is made up of other metals, such as copper, silver, or zinc. This makes 22 carat gold more durable than 24 carat gold, which is 99.99% pure gold. 22 carat gold is also more affordable than 24 carat gold.  Today's Gold Silver price   Updated on 06th February 2025 Contents What is the rate of 1 gram gold in Tamil Nadu Today gold silver price 22/24 carat 1 gm ₹7,930/25🔺️ 10 gm ₹87,500/600🔺️ 1 gm silver107,00/0↔️ 1 kg silver ₹98,470/30 🔻 This week Price chat Date 22 ct 1gm 24ct 10gm 1 kg silver 31/01/2025 ₹7,730 ₹84,780 ₹96,000 ...
1 comment
Read more

FADF monitors the Indian jewelery industry

FATF says India's jewelery industry needs to be monitored,     Risks being used to finance terrorism  NEW DELHI, France-based financial watchdog FATF has warned that high-volume transactions in India's gems and jewelery sector are likely to be used as tools for money laundering and terrorist financing. In this regard, the organization's statement said As the trade in navarat gems and gold jewelery has grown in India, there is a risk of their smuggling and black money transactions also increasing. Removal of ban on gold loan to IIFL Mumbai, 'I.I.F. RBI has removed restrictions imposed on the gold loan business of L. Finance, the company said.  I.I. F. RBI had imposed restrictions on the gold loan business of L. Finance Company on March 4. They have now been withdrawn, the company said in the stock exchange. Through this, the company has been allowed to engage in gold loan business again. monitoring In this sector, there are about 1.75 lakh distrib...
Post a Comment
Read more

Market Special 'Mukurat Trading' on November 1

New Delhi, Oct. 21- The stock exchanges BSE and NSE are going to hold a one-hour special 'Mugurat Trading' on the occasion of Diwali on November 1.   Share market success India's leading stock exchanges Mumbai and National Stock Exchanges have announced that they are going to hold a one-hour special 'Mugurat Trading ' on November 1st on the occasion of Diwali. The trading session will be held from 6 pm to 7 pm, both the markets said separately in their circulars. 'Mugurat' refers to an auspicious period chosen based on planetary positions. Investors consider it the beginning of a new financial year of the Hindu calendar. To mark this, NSC and BSE conduct a special session during Diwali festival. Also, market analysts said that investors are hopeful that the share transactions carried out in this session will bring prosperity throughout the year. This special session will see simultaneous trading in various segments like Equity, Commodity Derivatives, Cu...
Post a Comment
Read more