As FIIs lead sectoral churning in the market ahead of the beginning of the rate-cut cycle in India, private bank stocks have once again begun to outperform their high-flying PSU peers. In the last one month, the private bank index has risen 8% while PSU banks have lost 4.3% of their value. HDFC Bank and … Read more
HDFC Bank witnessed a short covering in the August series while a significant short build up was seen in SBI as the Bank Nifty gained 0.5%, settling at 50,889 mark while the PSU Bank index was down by 2.6%. The Nifty 50 index gained 3.1%, settling at 25,152 witnessing a 77% rollover for the next … Read more
Benchmark indices ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers. In today’s trade, shares of IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure among others will be in focus due to various news developments. IndusInd Bank IndusInd Bank has … Read more
Strong global market cues provided a major impetus to the market as the Sensex surged more than 1,000 points in intra-day trades on all-round buying support. India Vix also descended from 20 levels to 15 during the week, which signals an easing in the cautiousness in the market and improvement in sentiments. The second half … Read more
Brokerage firms such as Morgan Stanley and JP Morgan are overweight on IndusInd Bank and Lupin, respectively, while Nomura, UBS, and Goldman Sachs have buy ratings for Aadhar Housing, Page Industries, and Eicher, respectively. We have compiled a list of recommendations from leading brokerage firms based on ETNow and other sources: Morgan Stanley on IndusInd … Read more
Brokerage firm UBS has a sell view on SBI Cards, Nomura has a neutral rating on IndusInd Bank. Meanwhile, Morgan Stanley and Macquarie have an overweight and outperform rating respectively on ICICI Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on SBI Cards: Sell| Target … Read more
Equity markets closed last week on a strong note, reversing the losses due to Budget negativity. In today’s trade, shares of ICICI Bank, Adani Wilmar, ACC, Dr Reddy’s, IndiGo, IndusInd Bank among others will be in focus due to news developments and first quarter results. Adani Total Gas, HPCL, Adani Wilmar, ACCShares of Adani Total … Read more
Mumbai: Private sector IndusInd Bank Friday reported a flat 2% on-year rise in its June quarter net profit at ₹2,171 crore as business slowed in a seasonally weak review period that the lender’s chief executive described as “challenging.” Analysts tracked by Bloomberg had pegged net profit of ₹2,358.6 crore. The lender had earned a net … Read more
While the subdued performance of ITC shares in the last one year may have thrown it off the watchlist of crores of retail investors on Dalal Street, the bluechip has the highest win rate on Budget days among all Sensex stocks. An analysis of how Sensex stocks have performed in the last 10 Budget days … Read more
Mumbai: Indian-born Canadian billionaire Prem Watsa’s Fairfax Group is likely to sell a 9.72% stake in CSB Bank on Thursday through block deals to raise about ₹595 crore. According to the term sheet issued by the banker IIFL, FIH Mauritius Investments, an entity belonging to Fairfax Group is expected to sell 1.68 crore shares in … Read more
