Mumbai: Indian equity indices closed at fresh all-time highs on Wednesday with the Sensex ending above 74,000 for the first time, bucking overnight weakness on Wall Street. Private banks and select auto shares led gains as investors shuffled their holdings by cutting exposure in recent top performers, mainly smallcap and midcap stocks, considered to be … Read more
The Indian market is poised to maintain its positive momentum, with large-cap stocks expected to outperform the broader market. This trend is indicated by the Nifty vs Nifty 500 ratio reaching its lowest point. Analysts anticipate Nifty to climb towards 22,800, provided it remains above 22,300. Some of the recommended stocks include Reliance Industries, Axis … Read more
India’s determined digital drive, which linked its villages to the internet at breakneck speed, also prompted what now seems to be rather premature obituaries of branch banking. More banks, contrary to expectations, are busy building brick-and-mortar presence across the country for access to something that has defined banking since it began: Deposits. “Thanks to core … Read more
Mumbai: India’s equity indices gained 0.5% on Tuesday with the Nifty closing at a record level, led by gains in public sector power companies and private banks. Analysts said foreign funds cut some of their bearish bets, aiding sentiment. The Nifty gained 0.34% or 74.7 points to close at 22,196 after making a lifetime high … Read more
Notwithstanding the spate of positive news flow that has taken Paytm shares 10% higher in two days, global brokerage Jefferies temporarily suspended the coverage on the fintech stock but stopped short of stopping coverage. Stating that the valuation could vary on the basis of merchant/user attrition to the tune of 10-30% and a hit to … Read more
Private largecap bank stocks like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank, which together form around 60% of Bank Nifty, saw Long buildup or shorts being covered on a week-on-week basis, says Anand James, Chief Market Strategist, Geojit Financial Services. “Delivery buying has started to pick up this week in the case of … Read more
Feb 17, 2024, 10:20:27 AM IST Here’s a look at what India’s second-biggest fund house HDFC Mutual Fund (MF) bought and sold in the month of January. (Data Source: Nuvama) ET Online and Agencies 2/11 Top Additions: HDFC Bank Buy Value: Rs 2,766 crore No. of shares bought: 18,912 ETMarkets.com 3/11 Top Additions: Maruti Suzuki … Read more
Indian market is expected to trade higher on Thursday tracking positive global cues. The Nifty future closed positive with gains of 0.46% at 21925 levels. India VIX was down by 2.34% from 15.81 to 15.44 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones. Positive setup was … Read more
Coal India. Share Price 452.35 03:59 PM | 13 Feb 2024 19.56(4.52%) UPL. Share Price 479.10 04:04 PM | 13 Feb 2024 20.71(4.52%) ICICI Bank. Share Price 1019.80 03:59 PM | 13 Feb 2024 23.70(2.38%) Axis Bank. Share Price 1070.75 03:55 PM | 13 Feb 2024 24.05(2.30%) SBI Life Insurance Company. Share Price 1467.60 03:59 … Read more
Sandip Sabharwal, asksandipsabharwal.com, holds ICICI Bank and will continue to hold as the biggest holder. He has Axis Bank where the investors have got concerned in the short term because of the slow growth prediction which they have given for the industry, which is prudent. Ex of that, he is not holding any other banking … Read more
