Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Private banks may outperform PSUs after rally; ICICI Bank, Kotak among top picks: Digant Haria
Private sector banks could outperform PSU banks after a strong rally in public lenders, according to Digant Haria of GreenEdge Wealth Services. He said PSU banks benefited from improving asset quality and growth cycles, but valuations now favour private lenders. Haria prefers large private banks such as ICICI Bank, Kotak Mahindra Bank and Axis Bank. He also sees opportunities in microfinance firms and gold loan companies like Muthoot Finance and IIFL Finance. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Fed may still cut rates if labour market weakens despite oil shock: Citi
Drew Pettit, Director-US Equity Strategy, ETF Analysis & Strategy Research at Citi, says the bullish case for US equities remains intact as secular growth trends continue to support earnings, with Citi’s street-high $320 EPS estimate possibly conservative. However, sustained high interest rates and elevated oil prices could challenge valuations. Citi believes the Fed may still cut rates if labour markets weaken. In a bear scenario, earnings could fall to $300. He adds India remains neutral amid valuation concerns.
Max Financial shares in focus after board approves ₹2,000 crore fundraise via QIP
The proceeds will primarily be used to meet the funding requirements of its material subsidiary, Axis Max Life Insurance, to support business growth and expansion, with the remaining amount earmarked for general corporate purposes.
Max Financial Services board clears ₹2,000 crore QIP to fund Axis Max Life growth
Shares of Max Financial Services Ltd ended at ₹1,698.00, down by ₹27.25, or 1.58%, on the BSE.
Stock to buy: Jefferies lists 10 reasons to buy its top CRDMO pick Sai Life Sciences
Jefferies has initiated coverage on Sai Life Sciences with a 'Buy' rating and a Rs 1,300 target price, citing its integrated 'follow-the-molecule' model and strong growth outlook. The brokerage highlighted the company's healthy pipeline, global presence, and clean balance sheet as key investment drivers, projecting significant upside potential.
Outperforming Aditya Birla Group stock can rise another 21%, Kotak says
Aditya Birla Capital operates as a diversified financial conglomerate. Most of its value lies in its flagship diversified NBFC business, which has assets under management (AUM) of ₹1.5 lakh crore.
Aditya Birla Capital invests ₹750 crore in Aditya Birla Housing Finance via rights issue
Shares of Aditya Birla Capital Ltd ended at ₹333.20, up by ₹8.85, or 2.73%, on the BSE.
Aditya Birla Sun Life AMC among 5 stocks at 52-week high; rally up to 20% in a month
The benchmark Sensex surged 639 points to close at 78,205 on Tuesday. During this rally, five BSE 500 stocks reached their 52-week highs, signaling strong upward momentum and potential for further growth. These stocks, including Aditya Birla Sun Life AMC and JB Chemicals, have shown significant gains in the past month.
Gold, silver ETFs gain up to 4% as precious metals rise amid weak dollar
At 10:48 AM, among others, DSP Silver ETF and Axis Silver ETF up 4 per cent each
Life insurers' new biz rose 18% in Feb
Life insurance new business premium surged 18% in February, propelled by a 24% jump at LIC. This growth is partly attributed to GST tailwinds, making individual life insurance policies cheaper and boosting demand for protection products. The industry saw a significant rise in policies sold and overall premium collection.
Life insurers' new biz rose 18% in Feb
Life insurance new business premium surged 18% in February, propelled by a 24% jump at LIC. This growth is partly attributed to GST tailwinds, making individual life insurance policies cheaper and boosting demand for protection products. The industry saw a significant rise in policies sold and overall premium collection.
Gold, silver ETFs trade with mild gains amid geopolitical uncertainty
At 9:23 AM, DSP Silver ETF climbed 0.32 per cent, UTI Silver ETF gained 0.27 per cent, and Groww Silver ETF rose 0.16 per cent