Dubai Gold Rate: What Is the Price of 22K and 24K Gold in Dubai Today, April 29, 2025?

Gold prices in Dubai change daily, influenced by global market trends, geopolitical developments, and currency fluctuations. Whether you’re looking to invest, buy jewellery, or simply stay updated, tracking these price movements can help you make smarter financial decisions. Here’s a look at today’s gold prices in Dubai.  

Dubai Gold Rate Comparison: Today vs. Previous Session 

The table below reflects Dubai gold rates per gram for April 29, 2025, as of 12:35 PM IST, and compares them with the rates from the previous day. All values are in AED. 

Type  Per Gram  Per 10 Grams  Yesterday (Per Gram) 
24 Carat  399.00  3,990.00  400.75 
22 Carat  369.50  3,695  371.25 
21 Carat  354.25  3,542.50  356 
18 Carat  303.75  3,037.50  305 

Gold Price in Dubai Converted to Indian Rupees (INR) – 10 Grams Rate 

Using the current exchange rate of 1 AED = ₹23.2, here’s the approximate price of 10 grams of gold in (INR) Indian Rupees. 

Type  Price in AED (10g)  Price in ₹ (10g) 
24 Carat  3,990.00  92,568.00 
22 Carat  3,695  85,714.00 
21 Carat  3,542.50  82,179.00 
18 Carat  3,037.50  70,470.00 

 Read More: Dubai Gold Price vs. India: How Much Can You Save After Import Duty? 

Conclusion 

Dubai gold rates saw a slight decline on April 29, 2025, across all purity levels compared to the previous session. However, prices remain strong in INR. With the current exchange rate, Indian consumers can also assess the cost of Dubai gold in INR.  

If you’re planning a purchase or investment, keeping track of AED-INR trends and daily gold rates can help you optimise your buying strategy. 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Paras Defence Share Price Rises 8.82% Ahead of Key Board Meeting on April 30

Paras Defence and Space Technologies has been in focus on Tuesday as investors keenly await key announcements from the company’s Board of Directors. On April 29, 2025, Paras Defence share price (NSE: PARAS) opened at ₹1,185.05, up from its previous close of ₹1,143.75. At 12:14 PM, the share price of Paras Defence was trading at ₹1,244.60, down by 8.82% on the NSE.    

Key Board Meeting on April 30, 2025 

Investor sentiment has been heightened by the company’s prior intimation to the exchanges about a Board meeting scheduled for Wednesday, April 30, 2025. The agenda for the meeting includes the consideration and approval of the Standalone and Consolidated Audited Financial Results for the quarter and full year ended March 31, 2025. 

Additionally, the Board will deliberate on the sub-division or split of existing equity shares, as per Section 61 of the Companies Act, 2013. Such a move could potentially enhance the stock’s liquidity and make it more accessible to a broader range of investors. 

The Board will also consider recommending a dividend payment for the financial year ended March 31, 2025. Investors are keenly awaiting these announcements, which could significantly impact the company’s share performance. 

Q3 FY25 Financial Highlights 

Paras Defence and Space Technologies Ltd posted a rise in its total income and profitability for the quarter ended December 31, 2024.  

The company’s total income stood at ₹8,739 crore in Q3 FY25, compared to ₹6,493 crore in the same quarter last year, reflecting a year-on-year growth. Though slightly lower than ₹8,876 crore reported in Q2 FY25. Profit for the period came in at ₹1,385 crore in Q3 FY25, more than double the ₹586 crore reported in Q3 FY24 and higher than ₹1,270 crore in Q2 FY25. 

Also Read: Paras Defence To Develop Advanced Laser System for DRDO in ₹142 Crore Deal! 

About Paras Defence and Space Technologies Ltd 

Paras Defence and Space Technologies (PDST) is a private sector enterprise that specializes in the design, development, manufacturing, and testing of a wide range of products and solutions for the defence and space sectors. The company operates across four key segments: Defence & Space Optics, Defence Electronics, Heavy Engineering, and Electromagnetic Pulse (EMP) Protection Solutions. 

Conclusion 

With crucial decisions on financials, share split, and dividend on the table, the April 30 board meeting is expected to be a key catalyst for Paras Defence. Investors will be closely tracking the outcomes for potential market-moving developments. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

 

 

IDBI Bank Share Price in Focus; Reports 26% Jump in Q4 FY25 Profit

IDBI Bank Limited reported its financial results for the fourth quarter of FY 2025.  

Post the announcement, on April 29, 2025, IDBI Bank share price opened at ₹84.45, up from its previous close of ₹82.72. At 11:53 AM, the share price of IDBI Bank was trading at ₹82.79, up by 0.08% on the NSE. 

Q4 FY25 Performance Highlights 

The net profit for Q4 surged by 26% to ₹2,051 crore, compared to ₹1,628 crore in Q4 FY24. However, the Net Interest Income (NII) witnessed a decline, standing at ₹3,290 crore for Q4 FY25 as against ₹3,688 crore in the same quarter last year. 

Return on Assets (ROA) improved significantly by 29 basis points (bps) to 2.11% in Q4 FY25, compared to 1.82% in Q4 FY24. The cost of deposits rose slightly, reaching 4.83% from 4.48% a year ago. 

Business Growth Momentum 

IDBI Bank’s total business, comprising deposits and net advances, crossed the ₹5 trillion mark. Total deposits increased to ₹3,10,294 crore as of March 31, 2025, compared to ₹2,77,657 crore a year earlier. The CASA (Current Account Savings Account) deposits rose to ₹1,44,479 crore, although the CASA ratio declined slightly to 46.56% from 50.43% in the previous year. 

On the lending side, net advances grew by a robust 16% year-on-year (YoY) to ₹2,18,399 crore as of March 31, 2025, up from ₹1,88,621 crore last year. 

Asset Quality Improvement 

The bank showcased an improvement in asset quality. The Gross NPA ratio reduced to 2.98% as of March 31, 2025, compared to 4.53% a year earlier. Similarly, the Net NPA ratio improved to 0.15% from 0.34% over the same period. 

Full-Year FY25 Highlights 

For the full year FY 2025, IDBI Bank reported a net profit of ₹7,515 crore, marking a 33% YoY growth. The operating profit stood at ₹11,079 crore, up 16% YoY. Net Interest Margin (NIM) was healthy at 4.56%, and the Cost to Income ratio stood at 43.33%. The bank also strengthened its capital position with a CRAR of 25.05%. 

Return on Assets (ROA) and Return on Equity (ROE) improved to 1.98% and 20.15%, respectively. 

Also Read: IDFC FIRST Bank Reports 25% YoY Deposit Growth in FY25!

Conclusion 

IDBI Bank’s financial and operational performance in FY25 highlights its efforts to drive profitability, maintain asset quality, and strengthen its balance sheet.  

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Bajaj Finance Share Price in Focus Ahead of FY25 Results and Key Corporate Actions

Bajaj Finance Ltd has been in focus on Tuesday as investors keenly await key announcements from the company’s Board of Directors. On April 29, 2025, Bajaj Finance share price (NSE: BAJFINANCE) opened at ₹9,130.00, up from its previous close of ₹9,093.00. At 10:39 AM, the share price of Bajaj Finance was trading at ₹9,027.00, down by 0.73% on the NSE. Notably, the stock price hit its 52-week high recently at ₹9,660.00 on April 24, 2025.  

Key Board Meeting on April 29, 2025 

The company had earlier notified the exchanges about its Board meeting scheduled for today, which was initially intended to discuss Q4 FY25 financial results and a potential dividend.  

The board will consider a special (interim) dividend for FY2024-25. Additionally, subject to shareholder approval, it will evaluate a proposal for stock split/sub-division of equity shares with a face value of ₹2 each, as well as the issuance of bonus shares. 

AUM and Loan Growth in Q3 FY25 

Bajaj Finance Ltd reported operational performance for Q3 FY25, with assets under management (AUM) rising 28% to ₹3,98,043 crore compared to ₹3,10,968 crore as of December 31, 2023. The company added ₹24,119 crore to its AUM during the quarter, with new lines of businesses contributing 3% to the growth. Bajaj Finance also achieved a new milestone by booking its highest-ever new loans at 12.06 million in Q3 FY25, marking a 22% increase over 9.86 million loans booked in Q3 FY24. 

The net interest income (NII) grew 23% year-on-year to ₹9,382 crore, up from ₹7,655 crore in Q3 FY24. The company’s net interest margins (NIM) remained steady during the quarter, reflecting stable lending profitability. Additionally, net total income surged by 26% to ₹11,673 crore compared to ₹9,298 crore in the same quarter last year, indicating healthy revenue momentum across business segments. 

Consolidated profit after tax rose 18% year-on-year to ₹4,308 crore in Q3 FY25. However, the annualised return on assets (ROA) declined to 4.5% from 4.9% in Q3 FY24, and the return on equity (ROE) stood at 19.1%, lower than 22.0% in the year-ago quarter. 

Also Read: Bajaj Housing Finance PAT Surges 54% in Q4 FY25! 

Conclusion 

These proposed measures, if approved, could enhance liquidity, attract retail participation, and reward existing shareholders, potentially boosting long-term investor sentiment. Market participants are closely watching the outcome. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Hexaware Share Price in Focus on Apr 29; Reports 12.4% YoY Revenue Growth in Q1CY25

Hexaware Technologies announced its financial results for the first quarter of calendar year 2025, ended March 31, 2025.  

Post the announcement, on April 29, 2025, Hexaware Technologies share price (NSE: HEXT) opened at ₹707.80, up from its previous close of ₹701.90. At 10:24 AM, the share price of Hexaware Technologies was trading at ₹714.40, up by 1.78% on the NSE. 

Revenue Performance 

The company reported revenue of USD 371.5 million (₹32,079 million), reflecting a marginal 0.2% decline quarter-on-quarter (QoQ) but a healthy 12.4% growth year-on-year (YoY) in USD terms. In INR terms, revenue grew by 1.7% QoQ and 16.7% YoY. On a constant currency basis, the company posted a 12.7% YoY growth. 

Profitability Highlights 

Hexaware’s reported EBITDA margin stood at 16.7% for Q1CY25, showing a 2.3% QoQ and 20.8% YoY increase in absolute terms. EBITDA margins expanded by 41 basis points (bps) QoQ and 117 bps YoY. Basic Earnings Per Share (EPS) for the quarter stood at ₹5.38, up by 2.5% QoQ and 16.7% YoY. 

Client Metrics 

The company continued to strengthen its client relationships, with three customers contributing over $75 million in revenue, including one client crossing the $100 million mark. Hexaware achieved a Net Promoter Score (NPS) of 67, significantly higher than the industry median by 27 points. Top 5 customers contributed 25.7% of the revenue over the last twelve months. 

Management Commentary 

Commenting on the results, the CFO, Vikash Jain, stated, “We are pleased to report 12.4% YoY revenue growth, demonstrating our resilience. Despite the economic uncertainty, we have not only sustained our growth trajectory but also expanded our margins by 117 basis points YoY and 41 bps QoQ. This achievement underscores our operational excellence and our ability to continue delivering in challenging environment too.” 

About Hexaware Technologies 

Hexaware Technologies Ltd was incorporated in 1992. The company offers AI-based digital and technology solutions. 

Also Read: TCS vs Infosys vs Wipro: Which IT Giant Delivered Highest Profits in Q4FY25?

Conclusion 

Hexaware Technologies delivered a performance in Q1CY25, with profitability growth and client metrics. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

TVS Motor Share Price Dips 2.91% on Apr 29; Achieves 14% Revenue Growth, EV Sales Jump 44% in FY25

TVS Motor Company announced its financial results for the year ended March 31, 2025, reporting its highest-ever revenue.  

Post the announcement, on April 29, 2025, TVS Motor share price (NSE: TVSMOTOR) opened at ₹2,774.00, down from its previous close of ₹2,793.10. At 10:01 AM, the share price of TVS Motor Company was trading at ₹2,711.70, down by 2.91% on the NSE. 

Financial Growth in FY 2024-25 

The company’s revenue surged by 14% to ₹36,251 crore compared to ₹31,776 crore in FY 2023-24. Operating EBITDA for the year improved by 120 basis points, reaching 12.3%. Profit Before Tax (PBT) rose by 31% to ₹3,629 crore, up from ₹2,781 crore in the previous fiscal year. Meanwhile, Profit After Tax (PAT) stood at ₹2,711 crore, showing strong growth from ₹2,083 crore reported in FY 2023-24. 

Q4 FY25 Performance 

For the quarter ended March 31, 2025, TVS Motor Company posted revenue of ₹9,550 crore, marking a 17% increase compared to ₹8,169 crore in Q4 FY24. The company also reported its highest-ever quarterly Operating EBITDA of ₹1,333 crore, up from ₹926 crore in the same quarter last year. PBT for Q4 FY25 grew to ₹1,112 crore compared to ₹672 crore in Q4 FY24. 

During the quarter, TVS Motor recognised the Production Linked Incentive (PLI) benefit for the full financial year, aligned with the Ministry of Heavy Industries’ Standard Operating Procedure.  

The company’s Operating EBITDA margin stood at 14.0% in Q4 FY25. Excluding the PLI benefit from previous quarters, the EBITDA margin would have been 12.5%, compared to 11.3% in the corresponding quarter of the previous year. 

Sales Performance in FY 2024-25 

TVS Motor’s overall two-wheeler and three-wheeler sales for FY 2024-25 grew by 13%, reaching 47.44 lakh units, up from 41.91 lakh units in FY 2023-24. 

  • Motorcycles: Sales grew by 10% to 21.95 lakh units, compared to 19.90 lakh units in the previous fiscal. 
  • Scooters: Scooter sales surged by 21%, reaching 19.04 lakh units versus 15.70 lakh units in FY 2023-24. 
  • Electric Vehicles: EV sales posted impressive growth of 44%, with 2.79 lakh units sold compared to 1.94 lakh units last year. The company now boasts over 5 lakh delighted EV customers. 
  • Three-Wheelers: Sales stood at 1.35 lakh units, slightly lower compared to 1.46 lakh units in FY 2023-24. 

Q4 2024-25 Sales Growth 

In Q4 FY25, the company reported a 14% growth in overall two-wheeler and three-wheeler sales, totaling 12.16 lakh units versus 10.63 lakh units in Q4 FY24. 

  • Motorcycles: Sales increased by 10%, with 5.64 lakh units sold, compared to 5.11 lakh units in the year-ago quarter. 
  • Scooters: Scooter sales rose sharply by 27%, reaching 5.02 lakh units compared to 3.96 lakh units. 
  • Electric Vehicles: EV sales grew by 54%, totaling 0.76 lakh units compared to 0.49 lakh units in Q4 FY24. 
  • Three-Wheelers: Sales increased by 21% to 0.37 lakh units, up from 0.30 lakh units in the corresponding quarter of the previous year. 

Also Read: TVS Motor Singapore Unit to Acquire Additional 8.26% Stake in GO AG!

Conclusion 

TVS Motor Company has demonstrated its financial and operational performance in FY 2024-25, achieving record revenues and profitability.  

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

KPIT Technologies and Mercedes-Benz Collaborate to Accelerate Software-Defined Vehicle Development

KPIT Technologies Limited has partnered with Mercedes-Benz Research and Development India (MBRDI) to fast-track the development of Software-Defined Vehicles (SDVs). This collaboration aims to drive innovation, speed up feature launches, and create cost efficiencies by leveraging KPIT’s expertise across mobility technologies. 

Supporting Mercedes-Benz’s Digital Transformation 

Mercedes-Benz is placing software development at the core of its global digital strategy. The company’s focus is on building integrated software architectures that enhance vehicle functionality, elevate user experience, and improve operational efficiency. Regular software updates will ensure that vehicles remain state-of-the-art throughout their lifecycle. 

Driving the Future of Mobility 

With KPIT’s global experience in mobility transformation, the collaboration will help rearchitect the technology stack for next-generation vehicles. 

Commenting on this partnership, the CEO of KPIT Technologies, Kishor Patil, said, “With over 100 years of legacy, Mercedes-Benz is an inspiration for excellence, luxury, and customer centricity. KPIT is delighted to be partnering with MBRDI in their pursuit of software excellence, digital innovation, and rearchitecting the automotive tech stack for Software-Defined Vehicles.”  

He further added, “Our strategy is to work closely with a select group of clients and help them address complex business challenges through cutting-edge technology. We are committed to accelerating innovation, drawing from decades of experience and insights from numerous mobility transformation programs.” 

About KPIT Technologies 

KPIT Technologies is a global partner in the automotive and mobility sector, driving the realisation of software-defined vehicles. As a leading independent software development and integration partner, KPIT helps advance mobility toward a clean, smart, and safe future. The company operates engineering centers across Europe, the USA, Japan, China, Thailand, and India, collaborating with industry leaders and being present where the ecosystem is evolving. 

On April 29, 2025, KPIT Technologies share price (NSE: KPITTECH) opened at ₹1,229.00, down from its previous close of ₹1,231.20. At 9:37 AM, the share price of KPIT Technologies was trading at ₹1,211.70, down by 1.58% on the NSE. 

Also Read: KPIT Technologies Q4 FY25 Results: Profit Surges 47%; Announces ₹6 Dividend!

Conclusion 

This partnership marks a significant step towards redefining the future of automobiles, blending engineering excellence with advanced software innovation. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Tanla Platforms Interim Dividend of ₹6 Record Date Tomorrow, April 30, 2025

Tanla Platforms Limited’s Board of Directors has declared and approved an interim dividend of ₹6 per equity share of face value of ₹1 each for the financial year 2024-25.  

On April 28, 2025, Tanla Platforms share price (NSE: TANLA) opened at ₹466.70 and closed at ₹482.85, up by 2.91%. The stock price touched its day’s high at ₹485.90 

Tanla Platforms Interim Dividend Record Date 

The Board of Directors of the company, at its meeting held on Thursday, April 24, 2025, has declared a second interim dividend of ₹6 per equity share (i.e., 600%) of face value Re.1/- each for the financial year 2024-25. 

In accordance with Regulation 42 of the SEBI (LODR) Regulations, 2015, the company has fixed Wednesday, April 30, 2025, as the record date to determine the entitlement of members for the second interim dividend for the financial year 2024-25. 

Tanla Platforms Q4 FY 2025 Financial Highlights 

For the fourth quarter of January to March 2025, the company reported revenue of ₹1,024 crore, reflecting a quarter-on-quarter (QoQ) growth of 2.4%. Gross profit for the period stood at ₹259 crore, with a gross margin of 25.3%. 

EBITDA for the quarter came in at ₹163 crore, translating to an EBITDA margin of 16.0%. Profit after tax (PAT) was ₹117 crore, with a PAT margin of 11.5% for the quarter. 

About Tanla Platforms Ltd 

Established in 1999, Tanla Platforms Limited has transformed digital interactions by empowering users and supporting enterprises through its innovation-driven SaaS solutions. Headquartered in Hyderabad, India, Tanla serves as the trusted partner for over 2,000 enterprises across diverse industries. 

Also Read: Upcoming Dividends in May 2025: Infosys, Godrej Consumer, ABB India & More! 

Conclusion  

Tanla Platform’s interim dividend of ₹6 per share follows a similar payout on January 27, 2025. 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Closing Bell: Nifty & Sensex Closed in Green; Reliance Industries Leads Gainers on April 28, 2025

On April 28, 2025, the BSE Sensex ended in the green, closing at 80,218.37, up by 1.27%, and the NSE Nifty50 closed at 24,328.50, up by 1.20%.  

Sectoral Performance 

On Monday, only Nifty IT ended in the red. Nifty Auto, Nifty Financial Services 25/50, and Nifty FMCG ended in the green.  

Top Gainers and Losers 

On Monday, the top gainers on the Nifty included Reliance Industries, Sun Pharmaceutical Industries and JSW Steel. In contrast, the losers were Shriram Finance, Eternal (Zomato) and UltraTech Cement 

Also Read: HUL vs Nestlé vs Tata Consumers: How 3 FMCG Giants Fared in Q4FY25 Results! 

Oil Prices 

As of April 28, 2025, at 02:57 PM, Brent Crude was trading at $66.77, down by 0.15%. 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

 

What Is the Weightage of Stocks in the Bank Nifty Index? HDFC Bank Leads!

The Nifty Bank Index, also known as Bank Nifty, is a benchmark index that represents the performance of the Indian banking stocks. It provides investors and market intermediaries with a benchmark that captures the capital market performance of Indian banks.  

The index is comprised of 12 constituent stocks, including both public and private sector banks. The weightage of each stock in the index is calculated based on its free-float market capitalisation. This methodology allows the index to reflect the overall health and performance of the banking sector. 

Current Weightage of Stocks in the Nifty Bank Index 

As of March 28, 2025, the weightage of the top stocks in the Nifty Bank Index is as follows:  

Company’s Name  Weight (%) 
HDFC Bank  28.27 
ICICI Bank  25.38 
State Bank of India (SBI)  8.51 
Kotak Mahindra Bank  8.53 
Axis Bank  8.40 
IndusInd Bank  3.45 
Punjab National Bank (PNB)  2.67 
Bank of Baroda  3.41 
Federal Bank  3.81 
IDFC First Bank  2.74 

Impact of Stock Weightage on the Nifty Bank Index 

The weightage of each stock in the Nifty Bank Index significantly influences the index’s movement. For instance, HDFC Bank, with the highest weightage of 28.27%, has a substantial impact on the index’s performance. Similarly, ICICI Bank and State Bank of India, with weightages of 25.28% and 8.51% respectively, also play crucial roles in determining the index’s direction. 

Conversely, stocks with lower weightages, such as IDFC First Bank, have a lesser impact on the index’s movement. However, collective movements of these smaller constituents can still contribute to the overall performance of the index. 

Nifty Bank Performance 

On April 28, 2025, 1:00 PM, Nifty Bank was up by 1.61% at 55,542.80. This sectoral index opened at 54,610.30, down from its previous close of 54,664.05. Banking stocks, Punjab National Bank and State Bank of India were up by 3.54% and 2.99%, respectively.  

Also Read: Bank Nifty Surges 1.26% on April 28: Top Gainers Include ICICI, HDFC, and Axis Bank!

Conclusion 

The Nifty Bank Index serves as a vital indicator of the banking sector’s health in India. Understanding the weightage of each constituent stock helps investors assess the potential impact of individual bank performances on the overall index. Given the current market conditions, monitoring the movements of the top-weighted stocks is essential for anticipating trends in the banking sector. 

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.