After nearly two weeks of rebound, Tuesday’s session turned out to be a dampener with selling pressure gripping the indices right from the opening bell. “What made it worse was the banking sector,” said Ajit Mishra, SVP – Research at Religare Broking, in a conversation with ET Now. “Private banks have not participated in this … Read more
IndusInd Bank on Monday reported a 72% year-on-year fall in its consolidated net profit for the June quarter at Rs 604 crore, compared to Rs 2,171 crore in the year-ago period. The private lender’s Net Interest Income (NII) in Q1FY26 stood at Rs 4,640 crore as compared to Rs 5,408 crore in Q1 FY25, declining … Read more
“Looking at the banking index, despite today’s correction, it’s hovering around a rising trendline support near the 56,500 zone. So, if we get a positive closing, that would be encouraging and could signal a reversal,” says Sneha Seth, Angel One.Definitely a very dull Friday and a weak end to the week as well. But how … Read more
“If I was to pick something within the new-age companies, I definitely would go with Swiggy or Eternal or Policybazaar and not Nykaa,” says Hemang Jani, Independent Market Expert.What is it that you are making of the market structure? I guess, all things in control at least when it comes to the macro data points, … Read more
A day after IndusInd Bank revealed that it is suspecting fraud in accounting irregularities and flagged involvement of senior employees, Ashok Hinduja, Chairman of IndusInd International, has come out in strong support of the current leadership and the board. In a statement following the bank’s Q4 FY25 results, Hinduja said he has “unequivocal trust” in … Read more
“All this will take away the focus of the company from its core lending and borrowing business and instead focus on fixing the house. So, growth and operations is a casualty,” says Chakri Lokapriya, CIO-Equities, LGT Wealth.What do you make of the market set up right now?Chakri Lokapriya: Clearly, with the US fiscal deficits turning … Read more
India’s markets regulator is investigating six IndusInd Bank officials for insider trading to determine if they sold stock options while being aware of accounting lapses at the bank before these were publicly disclosed, two sources with direct knowledge of the matter said. The Securities and Exchange Board of India (SEBI) is examining the timing of … Read more
India Inc’s Q4 FY25 earnings season continues this week, with 81 companies scheduled to release their financial results. Key names to watch include ITC, Sun Pharma, IndusInd Bank, Power Grid Corporation of India, Hindalco, Interglobe Aviation (IndiGo), ONGC, Bharat Electronics, DLF, Dixon Technologies, Solar Industries, United Spirits, Ashok Leyland, Grasim, RVNL, and Honasa Consumer. Here … Read more
Making adjustments to its model portfolio, domestic brokerage firm Kotak Institutional Equities has increased the weight of InterGlobe Aviation (INDIGO) by 100 basis points to 250 basis points and Pidilite Industries (PIDI) by 40 basis points to 190 basis points. Meanwhile, Dabur witnessed a decrease in the weightage. According to the domestic brokerage firm, both … Read more
“Kotak as all of us know used to trade at price to book of six times five years back which was quite obnoxious. It has come down to two times which is reasonable, like in line,” says Sandip Sabharwal, asksandipsabharwal.com. As we walk into trade this morning, there is a lot of news flow. Let … Read more