Indian shares advanced for a fourth session on Monday, with the Sensex climbing 0.5% and the Nifty closing above the 25,800 mark, as heavyweight Reliance Industries and HDFC Bank surged on post-results optimism. Gains were partly offset by profit-taking in ICICI Bank, which capped the broader rally. The S&P BSE Sensex surged 411.18 points, or … Read more
Markets ended the week on a strong note, with the Nifty 50 scaling a fresh 52-week high amid supportive global and domestic cues. Looking ahead, participants will react to the quarterly results of heavyweights Reliance Industries, HDFC Bank, and ICICI Bank in early trade on Monday, which could dictate market direction. “Technically, the Nifty’s prevailing … Read more
Kolkata: Lower provisions helped ICICI Bank report a 5.2% rise in standalone net profit to Rs 12,359 crore for the second quarter of the fiscal as compared with Rs 11,746 crore in the same period last year exceeding market expectations. The private sector lender set aside Rs 914 crore as provisions and contingencies for the … Read more
The country’s second-largest private lender ICICI Bank reported a 5.2% year-on-year growth in profit after tax to Rs 12,359 crore for the quarter ended Q2FY26, while also posting a healthy 7.4% growth in its net interest income (NII) to Rs 21,529 crore from Rs 20,048 crore in the same quarter last year. The net interest … Read more
India’s benchmark indices ended higher on Friday, marking a second straight day of gains as investors remained upbeat on banks, consumer, and metal stocks, even though trade stayed largely rangebound. The Nifty closed at 24,894.25, up 57.95 points or 0.23%, while the Sensex advanced 223.86 points or 0.28% to settle at 81,207.17. Meanwhile, the volatility … Read more
A billion-dollar investment in Sammaan Capital has sparked fresh discussions about the outlook for non-banking finance companies (NBFCs) and private sector banks. Parag Thakkar, a market veteran, believes this signals a positive shift for India’s financial sector even if the immediate market reaction remains mixed. “No, we do not have Sammaan Capital in our portfolio, … Read more
ICICI Bank – Through its portfolio, the brokerage has a 4% weight in the portfolio. The private lender has risen almost 10% on a year-to-date basis. HDFC Bank – The brokerage has been assigned a 4% weight to India’s largest private sector bank. The lender’s stock price has risen 8.5 this year. State Bank of … Read more
Eternal (formerly known as Zomato) has become the top pick in the mutual fund portfolios in August, receiving the highest investment of Rs 7,200 crore, beating down some big names such as Infosys, Paytm, HDFC Bank, ICICI Bank, and others, according to a report by Nuvama Institutional Equities. The report further highlights that the stock … Read more
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points, … Read more
Over the past two years, largecap stocks have significantly outperformed the market, rewarding long-term investors. Since August 2023, 36 large-cap stocks have delivered gains of over 50%, with 11 of them more than doubling in value, rising between 100% and 230%. In comparison, the Sensex climbed 23% and the BSE Large Cap Index gained about … Read more