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
Mumbai: Shares of companies with higher foreign ownership have slumped of late as renewed outflows from overseas investors have put the spotlight on these stocks. With the deadline for foreign portfolio investors (FPIs) to comply with the beneficial ownership norms around the corner, analysts said sentiment in several such stocks is jittery.HDFC Bank, with a … Read more
Shares of IndusInd Bank fell nearly 2% to the day’s low of Rs 1,582.40 on Friday following the bank’s December quarter earnings which were broadly in line with the Street’s expectations. However, slippages were up in the reported quarter which appeared to have displeased investors when the stock resumed trade today. Notwithstanding this, top brokerages … Read more
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more
Most technical indicators suggest a likely continuation of the current momentum. Should Nifty surpass and maintain levels above 21,600, technical analysts anticipate a short covering scenario, propelling the index towards 21,700-21,800. Analysts further highlight that stocks such as LTI Mindtree, SBI, Bank of Baroda, ICICI Bank, DLF, UltraTech, Asian Paints, Bajaj Finserv, IndusInd Bank, Infosys, … Read more
HDFC Life Insurance Company. Share Price 694.85 01:37 PM | 12 Dec 2023 22.36(3.32%) Hindalco Industries. Share Price 534.40 01:37 PM | 12 Dec 2023 12.00(2.29%) UltraTech Cement. Share Price 9879.75 01:37 PM | 12 Dec 2023 208.86(2.15%) Bajaj Auto. Share Price 6252.30 01:37 PM | 12 Dec 2023 113.56(1.84%) Hero MotoCorp. Share Price 3765.00 … Read more
The Indian market is likely to consolidate on Tuesday, tracking muted global cues. The S&P BSE Sensex rose nearly 1,400 points, while the Nifty50 rose to a fresh record high above 20,700 levels on Monday. The Nifty future closed positive with gains of over 2% at 20,804 levels on Monday. India VIX was up by … Read more
