Indian Bank, part of the PSU banking space, has rallied more than 60 per cent in a year and recent price action suggests that the momentum is intact which could take the stock to fresh record highs in the next 6-12 months, suggest experts. The PSU bank rose from Rs 121.50 recorded on 30 August … Read more
Like many of its larger peers, was left sulking in a corner after the Nifty topped out in October last year. Now with the changing market mood and Q1 earnings show, the Hindujas-promoted lender is among the top performers in the Bank Nifty pack. The stock shot up more than 15 per cent last week … Read more
NEW DELHI: Banking and IT are the two sectors, which saw a bulk of foreign equity outflows on a trailing 12-month basis. In its latest report, said the bulk of the FPI selling on a 12-month rolling basis has been concentrated around financials and IT, with a 93 per cent contribution along with FMCG, other … Read more
“As of now a patch of consolidation is more of a sector churn. But bias remains extremely bullish on the indices,” says independent market analyst Kunal Bothra The week was taken over by IT thanks to all those big results like Infosys, Wipro, TCS, Mindtree, HCL Tech. Going forward in the new week, what are … Read more
NEW DELHI: Indian bluechip indices were trading with gains on Tuesday as traders came back to buy stocks at a lower level after two days of sharp fall. Bank and metals stocks bounced the most while pharma continued to be subdued. The main trigger for the market fall in the recent couple of months has … Read more
MUMBAI: In what would have been impossible 18 months ago, DLF today saw its market capitalization soar past the Rs 1 lakh crore mark for a first in several years signalling the return of the realty sector’s glory days. The country’s largest real estate developer soared over 9 per cent as the maniacal buying in … Read more
U.S. bank stocks are morphing from leaders into losers amid more signs that their searing 35% rally through this year’s first five months may have outrun the fundamentals. With two weeks left in the quarter, some investors aren’t waiting around to find out. The S&P 500 Banks Index, which rose three times more than the … Read more
NEW DELHI: ICICI Bank on Saturday reported a 261 per cent year-on-year (YoY) rise in net profit at Rs 4,403 crore compared with a profit of Rs 1,221.40 crore in the corresponding quarter last year. Analysts in an ET NOW poll had projected the profit figure at Rs 4,980 crore. Net interest income (NII) for … Read more
MUMBAI: The Supreme Court of India On Tuesday said the relief on payment of interest on interest or compound interest during the Covid moratorium period allowed to borrowers with liability of up to Rs 2 crore should be extended to all borrowers. Analysts believe the impact of the SC’s verdict on the entire banking system … Read more