Mumbai: With the market capitalisation of ICICI Bank crossing ₹8 lakh crore for the first time on Monday, the gap in market value between the two major private sector lenders, HDFC and ICICI, has nearly halved since July. Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank’s market-cap was … Read more
Global brokerage Morgan Stanley maintained an overweight rating on Dalmia Bharat, Macquarie recommended an outperform rating on Axis Bank, Jefferies maintained a hold rating on Kotak Mahindra Bank and Investec has a buy rating on Aurobindo Pharma. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley … Read more
Indian supermarket chain Vishal Mega Mart Pvt. has picked banks as it presses ahead with a planned initial public offering in Mumbai this year, according to people familiar with the matter. Vishal Mega Mart chose Kotak Mahindra Bank Ltd. and ICICI Bank Ltd to help arrange a share sale as early as in the fourth … Read more
Technical charts indicate a continuation of the positive trend going ahead, with the India VIX currently trading below 12. Any market dip presents a buying opportunity, as technical analysts predict Nifty will move towards the 22,800-23,000 levels soon. Stocks such as Vedanta, Hindalco, JSW Steel, City Union Bank, Canara Bank, HDFC Bank, ABB, ITC, HUL, … Read more
Most technical charts indicate a weak trend for Nifty in the short term. A decisive move below 21,900 could trigger significant weakness, potentially for the next support levels of 21,500-21,400, as suggested by technical analysts. Stocks recommended by them include BEL, JK Cement, ITC, AU Bank, and Kotak Bank, while those with a negative bias … Read more
Benchmark indices extended gains to the sixth straight day on Tuesday. The 30-share BSE Sensex closed higher by 349 points at 73,057 and the broader Nifty rose 74 points to settle at a new record level of 22,196. Stocks that were in focus included names like Deepak Fertilisers, which rose 3.55%, Whirlpool of India, which … 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
Brokerage firm Jefferies maintained a buy call on ICICI Bank post-Q3 results, a hold rating on Kotak Mahindra Bank, and a buy rating on Paytm. CLSA downgraded Zee Entertainment to sell from a buy earlier. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on ICICI Bank: … Read more
