HDFC Bank Q3 net profit jumps 34% to Rs 16,373 cr

HDFC Bank Q3 net profit jumps 34% to Rs 16,373 cr

Mumbai: HDFC Bank, India’s biggest by market value, kicked off third-quarter earnings for banks with a 34% on-year rise in net profit, underpinned by strong growth in retail loans and fee incomes. The bank, which merged its mortgage-lending parent into itself last year, is focused on mobilising deposits that have lately trailed credit growth. Bank … Read more

These mutual funds saw the highest inflows and outflows in December

These mutual funds saw the highest inflows and outflows in December

The Indian mutual fund industry surpassed Rs 50 lakh crore in assets under management (AUM) in December. However, total inflows into the mutual fund industry fell by Rs 40,685 crore on the back of advance tax payments, regular redemptions from debt funds, and higher equity valuations. Net flows into debt funds were at Rs 75,556 crore, while equity … Read more

A Nifty move above 19,900 can take it to new highs: Analysts

A Nifty move above 19,900 can take it to new highs: Analysts

Nifty is anticipated to trade within a range, and a move above 19,900 could trigger an extended rally possibly to new life highs, according to technical analysts. Conversely, in the event of profit booking, initial supports may emerge around 19,500-19,400. Stocks such as Bharti Airtel, Bajaj Auto, NTPC, Jindal Stainless, RIL, Lupin, BHEL, Divi’s Lab, … Read more

Sugar stocks sweeten gains on talk of supply shortages in key states

Sugar stocks sweeten gains on talk of supply shortages in key states

Mumbai: Shares of sugar companies were among the top gainers on Thursday on expectations that prices would firm up on supply shortages in key states like Maharashtra and Karnataka. Out of the 35 sugar stocks on the BSE, 30 rallied in Thursday’s trade. Avadh Sugar soared 13.20%, Magadh Sugar jumped 12.8% and DCM Shriram rose … Read more

FPI short positions on index futures build up

FPI short positions on index futures build up

Mumbai: Foreign fund managers have established a substantial short position in the Indian markets, leading to a significant drop in the long-short ratio in index futures, a metric used to gauge market sentiment. This ratio has fallen to 18%, close to its eight-month low levels, indicating a bearish sentiment besides potentially introducing challenges for these … Read more

Tracking benchmarks? Please read broader market carefully

Tracking benchmarks? Please read broader market carefully

Mumbai: The benchmark Nifty has only corrected 2.5% in October so far, but granular data suggests bigger woes for investors. One such number, the advance-to-decline ratio for Nifty 500 stocks this month stands at 0.39, marking its lowest level in sixteen months, thereby underscoring the severity of the ongoing correction. This metric provides a deeper … Read more

Nifty may see modest rebound, support at 18,888: Analysts

Nifty may see modest rebound, support at 18,888: Analysts

Technical indicators suggest a minor oversold condition, potentially leading to a modest rebound this week. However, the overall upward potential appears limited due to the prevailing negative structure with Nifty trading below its 20- and 50-day moving averages, according to technical analysts. Stocks such as Persistent, Axis Bank, TCS, RIL, SBI Cards, Birla Soft, Canara … Read more

Nifty could hit 20,600 on crossing 20,400: Analysts

Nifty could hit 20,600 on crossing 20,400: Analysts

The Nifty could touch 20,600 if it manages to breach the 20,400 level. Analysts, however, said upsides would be tougher to come after the recent run-up and crucial support is at 19,900. Tata Steel, Grasim, Tech Mahindra, Alkem Labs, Tata Consumer, and Union Bank could gain in the short term, while analysts anticipate continued weakness … Read more

4 stocks to give 17 %-33% as per analysts’ price targets

4 stocks to give 17 %-33% as per analysts’ price targets

ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 17 % and 33% as per analysts’ price targets. Mahindra & Mahindra BROKERAGE: HSBC SECURITIES Price Target: Rs 1800 CMP: Rs 1,536.6 | Upside: 17.1% Tractor demand resilient despite lower than normal monsoon this year Likely weak … Read more