Private bank stocks showing recovery signs with long build-up, delivery buying: Anand James

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

MF buys: IndusInd Bank, BoI, Divi’s Labs, GSK Pharma and Aditya Birla Capital among top MF buys

Mutual fund managers are increasingly being choosy while picking stocks in the mid-cap and smallcap space amid concerns over rich valuations. In January, they selectively bought pharmaceuticals, while shuffling their holdings in the banking and financial services industry (BFSI) space after shares of private lenders fell on worries about their profitability. Some of their top … Read more

FPI: Risk-off sentiment, US yields fuel selloff in FPI-heavy stocks

Mumbai: Shares of companies with higher foreign ownership have slumped of late as renewed outflows from overseas investors have put the spotlight on these stocks. With the deadline for foreign portfolio investors (FPIs) to comply with the beneficial ownership norms around the corner, analysts said sentiment in several such stocks is jittery.HDFC Bank, with a … Read more

indusind bank share price: IndusInd Bank shares fall 2% post Q3 earnings but brokerages remain upbeat. Here’s why

Shares of IndusInd Bank fell nearly 2% to the day’s low of Rs 1,582.40 on Friday following the bank’s December quarter earnings which were broadly in line with the Street’s expectations. However, slippages were up in the reported quarter which appeared to have displeased investors when the stock resumed trade today. Notwithstanding this, top brokerages … Read more

q3 earnings: Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others

Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more

Sebi: SAT overturns Sebi order in Karvy case

Mumbai: The Securities Appellate Tribunal (SAT) quashed market regulator Sebi’s orders against lenders, including Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank and Bajaj Finance, prohibiting them from revoking the shares pledged by Karvy Stock Broking. The tribunal has allowed Axis Bank to invoke the shares pledged in its favour and asked the Securities and … Read more