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Nifty Bank rises 400 points as HDFC Bank, IndusInd, other stocks jump up to 3% after Q1 updates
The Nifty Bank index rose over 400 points on Monday as gains in HDFC Bank, IndusInd Bank and ICICI Bank outweighed a sharp decline in Kotak Mahindra Bank. Investors reacted to first-quarter business updates, with HDFC Bank emerging as the top gainer after reporting healthy growth in advances and deposits.
Sensex today | Stock Market Live Updates: Sensex, Nifty open higher as HDFC Bank, Axis Bank rally; lower crude aids sentiment - BusinessLine
Sensex today | Stock Market Live Updates: Sensex, Nifty open higher as HDFC Bank, Axis Bank rally; lower crude aids sentimentBusinessLine
HDFC Bank gains 2% on Q1 business update; brokerages decode fine print
HDFC Bank's business momentum remained steady, with sequential advances and deposits continuing to register healthy growth, said ICICI Securities in a note.
Sensex Today Trades Higher | Nifty Above 24,350 | Bharat Elec & HDFC Bank Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 24,350 | Bharat Elec & HDFC Bank Top GainersEquitymaster
Sensex Today Trades Higher | Nifty Above 24,350 | Bharat Elec & HDFC Bank Top Gainers - Equitymaster
Sensex Today Trades Higher | Nifty Above 24,350 | Bharat Elec & HDFC Bank Top GainersEquitymaster
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Shriram Finance, Piramal Pharma shares on 6 July
Indian benchmark indices, Sensex and Nifty 50, opened higher on July 6, driven by gains in private banking stocks following strong quarterly updates from HDFC Bank and Axis Bank. Market breadth was positive with 14 of the 16 major indices in the green.
HDFC Bank shares gain 2% after Q1 biz update; advances rise 15.4% YoY, deposits grow 14.7%
HDFC Bank shares rose 2% after the lender reported healthy business growth for the April-June quarter of FY27. Gross advances increased 15.4% year-on-year to Rs 30.61 lakh crore, while advances under management rose 12.4% to Rs 31.27 lakh crore. Period-end deposits climbed 14.7% to Rs 31.71 lakh crore, reflecting steady credit and deposit growth.
HDFC Bank shares in focus after Q1 shows strongest loan growth in five quarters
HDFC Bank's gross advances rose 15.4% year-on-year to ₹30.61 lakh crore, marking the strongest loan growth in five quarters and comfortably beating analysts' estimate of around 12.1%.
Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800
Indian stock market analysts are optimistic, anticipating the Nifty to continue its upward trend. They suggest buying on dips around the 24,000-24,150 mark, with potential upside targets reaching 24,800. Several stocks, including Container Corporation of India, IndusInd Bank, Biocon, HDFC Asset Management Company, Shriram Finance, and Piramal Pharma, are highlighted as strong buy recommendations with specific price targets and stop-losses.
Blue-Chip Blues: A quarter of India's top stocks have failed to deliver meaningful returns
A significant portion of BSE 100 companies, 23 to be exact, have struggled to deliver robust annual returns over the past three years, with many trading below their historical valuations. Consumer, IT, and BFSI sectors show a concentration of these underperformers. Despite challenges like cautious client spending and rural demand concerns, some giants like RIL and TCS are poised for growth driven by new ventures and expansion.
India emerging as contrarian bet as TSMC, Samsung, SK Hynix drive 72% of EM rally: DSP Mutual Fund - Moneycontrol.com
India emerging as contrarian bet as TSMC, Samsung, SK Hynix drive 72% of EM rally: DSP Mutual FundMoneycontrol.com
11 largecap stocks with upside potential of up to 50%. Do you own any?
Indian investors are eyeing significant gains as analyst forecasts highlight 11 largecap BSE stocks poised for 25% to 50% growth in the next year. Companies like Swiggy, ICICI Prudential Life, and HDFC Life Insurance are among those with strong 'Buy' ratings and substantial projected upside.