Bank stocks

Fund Manager Talk | Bank stocks will deliver above average performance for next few years: Chandraprakash Padiyar

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Fund Manager Talk | Bank stocks will deliver above average performance for next few years: Chandraprakash Padiyar

Stating that financials as a sector and banks specifically offer better risk reward opportunity, Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management, says given the positive regulatory environment for banks in terms of early warning, asset quality will remain strong over cycle enabling higher growth in credit and ROE, leading to better valuations. “We see … Read more

Zomato shares may rally up to Rs 292 in near term: Anand James

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Zomato shares may rally up to Rs 292 in near term: Anand James

Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more

Nifty Bank has historically given 5% average return in Q4 earnings season: Anand James

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Nifty Bank has historically given 5% average return in Q4 earnings season: Anand James

Nifty Bank, which hit a fresh lifetime high above 49,000 last week, has given an average return of 5% during the March quarter earnings season 7 out of 10 times in the last 10 years, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat with James on the market outlook … Read more

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

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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

Bank & other rate-sensitive stocks fall up to 8% post RBI policy decision

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Bank & other rate-sensitive stocks fall up to 8% post RBI policy decision

Shares of rate-sensitive sectors like banking, finance, auto, and real estate fell as much as 8% after the Reserve Bank of India’s (RBI) policy decision. The RBI on Thursday left the repo rate unchanged at 6.50% following the conclusion of its three-day monetary policy meeting. This is the sixth consecutive time the central bank has … Read more

Nifty Bank outperforms on Budget Day! May face resistance around 46,500 levels

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Nifty Bank outperforms on Budget Day! May face resistance around 46,500 levels

The Nifty Bank outperformed the benchmark indices on the Budget Day on Thursday. The index rose nearly 200 points to close at 46,188, while the Nifty50 closed below 21,700 levels. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank. The Nifty Bank managed … Read more

YES Bank, Canara Bank among 10 counters that saw a decrease in NPAs in Q2 – Taking Stock

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YES Bank, Canara Bank among 10 counters that saw a decrease in NPAs in Q2 – Taking Stock

SBI Life Share Price 1413.95 03:58 PM | 17 Nov 2023 54.00(3.97%) HDFC LIFE INSURANCE Share Price 651.80 03:59 PM | 17 Nov 2023 16.85(2.65%) Apollo Hospitals Enterprises Share Price 5478.95 03:58 PM | 17 Nov 2023 140.20(2.63%) Larsen & Toubro Share Price 3109.00 03:59 PM | 17 Nov 2023 57.85(1.90%) Hero MotoCorp Share Price … Read more

Nifty eyes 20,000: How far can bulls steer index beyond this magical mark?

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Nifty eyes 20,000: How far can bulls steer index beyond this magical mark?

Taking inspiration from Chandrayaan-3, Nifty50 has skyrocketed into uncharted territory. Amid strong optimism in the market, Nifty50 just scaled the 19,900 mark, but many are eagerly awaiting the next big target – the magical 20,000 figure. In just 15 sessions, the NSE flagship index has rallied nearly 900 points from the 19,000 level, hit on … Read more

Banks and IT stocks share inverse relationship, shows 14-year history

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Banks and IT stocks share inverse relationship, shows 14-year history

Financials and IT – two of the most widely-owned sectors on Dalal Street have shared an inverse relationship over 70% of the time in the last 14 years. An analysis of the performance of Nifty IT and Nifty Bank by global brokerage firm Jefferies shows that since 2010, the two indices tend to generally perform … Read more

Nifty Bank zooms 3,000 pts since last RBI policy; what will happen this time?

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Nifty Bank zooms 3,000 pts since last RBI policy; what will happen this time?

Since the last monetary policy of the Reserve Bank of India (RBI) in April, the benchmark Nifty50 has rallied 1,000 points and Nifty Bank over 3,000 points. The 3,000-point rally in the banking sector gauge saw it scaling a lifetime high of 44,498.60 points on May 30, days before the next policy meeting of the … Read more