35,000 is a support for the Bank Nifty, and possibly next week we could see the Bank Nifty heading towards at least 36000-36500 on the index, said Kunal Bothra, kunalbothra.co.in. Edited excerpts: For most part of the week we were hovering in the green territory. It was only over the last couple of trading sessions … Read more
Banking stocks are likely to see a revision in weightage in the Bank Nifty after an index rebalancing exercise by NSE scheduled on Friday. HDFC Bank, IndusInd Bank and AU Small Finance Bank are likely to see the highest fund inflows on account of the increase in weightage, said IIFL Alternative Research and Edelweiss Alternative … Read more
NEW DELHI: is likely to report a 26 per cent year-on-year (YoY) rise in net profit in the June quarter and a single-digit rise in net interest income (NII). Net interest margin (NIM) is seen expanding marginally, while gross non-performing assets are seen at 3.4 per cent. HDFC Institutional Equities is expecting the private lender … Read more
Though there is some bit of sectoral rotation, we will be banking on certain sectors like private banks and insurance, where there was a good bit of growth, says Devang Mehta, Head-Equity Advisory, Centrum India. Excerpts from an interview: How are you mapping the market texture right now and is it time to dig out … Read more
By Chandan Taparia Nifty opened positive on Monday, but failed to hold above the 11,700 mark in morning tick, and remained highly volatile. In the first hour of the session, Nifty took support near the 11,550 mark, the 50 DMA, and then witnessed a decent recovery towards the 11,725 mark in the later part of … Read more
NEW DELHI: Nifty closed below the 11,150 level on Monday and in the process formed a Bearish Belt Hold candle on the daily chart. Vinod Nair of Geojit Financial Services said financials led the losses following an RBI report projecting a surge in bad loans this year. “Global markets were impacted due to rising US-China … Read more
Gold of 995 purity (24 carat), which hit a record high of Rs 50,392.75 per 10 gm on Wednesday including taxes, could rally another 10% in the next six-nine months, said Shekhar Bhandari, global transaction banking head, Kotak Mahindra Bank. “Rising US-China trade tensions, negative real rates by central bankers and fallout from Covid would … Read more