IndianMascot
Core Member
Yeah. But I bought it for long term. And very less shares
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- Thread starter Deepu
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Recently I have started buying Axis Bank shares for long term
Technoglitch
Core Member
Axis bank name was different earlier, isn't it?
IndianMascot
Core Member
That's good. It will definitely yield good results.
IndianMascot
Core Member
Yup. If I remember correctly it was UTI bank
Technoglitch
Core Member
And then it's stock crashed hence the name change.
Yes. Earlier it was UTI Bank and Govt had good amount of shares in it. They decided to sell those shares and hence even name was changed to Axis Bank.
Even now Govt has some stake in Axis Bank which they are planning to sell
IndianMascot
Core Member
But Axis Bank has a good future and internal employees are driving it very well.
Their balance sheet is having issues related to NPA (Non Performing Assets)
Technoglitch
Core Member
Oil, stocks climb; Draghi remarks raise stimulus hopes| Reuters
Oil prices rebounded more than $1 a barrel from 12-year lows on Thursday, heading for their biggest daily gain this year as rallying financial markets gave some bearish traders reason to take profits on record short positions.
U.S. crude vaulted back to $30 as hopes for easier monetary policy from Europe fueled a recovery in European and U.S. stock markets.
Prices did not falter on U.S. data showing a larger-than-expected rise in record high crude and gasoline stockpiles. Instead, the report triggered buying among traders who had feared the figures could be even worse.
Oil spikes from 12-year low as equities rally, shorts cover| Reuters
Oil prices rebounded more than $1 a barrel from 12-year lows on Thursday, heading for their biggest daily gain this year as rallying financial markets gave some bearish traders reason to take profits on record short positions.
U.S. crude vaulted back to $30 as hopes for easier monetary policy from Europe fueled a recovery in European and U.S. stock markets.
Prices did not falter on U.S. data showing a larger-than-expected rise in record high crude and gasoline stockpiles. Instead, the report triggered buying among traders who had feared the figures could be even worse.
Oil spikes from 12-year low as equities rally, shorts cover| Reuters