AXIS BANK NEWS
New credit card rules: HDFC Bank, Axis Bank, other banks customers cannot make credit card bill payments using CRED, PhonePe, Paytm
Credit card bill payment rules: As of July 1, customers with credit cards from major banks like HDFC Bank and Axis Bank will no longer be able to settle their credit card bills using third-party applications such as CRED, PhonePe, Amazon Pay, and Paytm.
10 largecap stock ideas with upside potential of up to 22% from Axis Securities
Domestic brokerage firm Axis Securities states 27,000 as their bull case March 2025 target for Nifty, presuming an overall reduction in volatility and the success of a soft landing in the US market. Meanwhile, the base case target for Nifty stands at 24,600 as the brokerage firm has confidence in the current macroeconomic cycle and earnings growth. On the premise of the above analysis, Axis Securities has listed the following largecap stocks with an upside potential of up to 22% as their top picks:
Best banking & PSU mutual funds to invest in June 2024
Mutual fund advisors say banking & PSU debt schemes are ‘relatively’ safe because these schemes invest only in bonds and papers of banks and public sector companies. Since most of these entities are government-backed, they don’t have the credit risk.
Headwinds of high FPI exposure, but good for long term: 6 stocks the financial services sector with an upside potential of up to 25 %
One of the most intriguing aspects of presenting the return performance of stocks, or any asset class for that matter, is how a slight adjustment in the calculation date can dramatically alter the perception, making the glass appear either half full or half empty. This phenomenon is particularly evident in the case of financial service stocks. Recently, these stocks have often been portrayed as underperformers. However, this overlooks the fact that over the long term, they have provided substantial returns and generated significant wealth. The short-term underperformance of these stocks can be attributed to their heavy ownership by Foreign Portfolio Investors (FPI). As FPIs have been net sellers in Indian equities, financial service stocks have faced selling pressure. Nevertheless, the relative decline in stock prices is considerably less severe than in previous instances of similar selling activity. Given the robust fundamentals of these stocks compared to a few years ago, it is prudent to view them from a long-term investment perspective.
F&O Stock Strategy: How to trade Axis Bank and Deepak Nitrite
Nifty formed an Inside Bar candlestick pattern, Bank Nifty outperformed, Axis Bank showed strength, and Deepak Nitrite gave a trendline breakout with call open interest at the 2700 strike.
Unstoppable bull run! Sensex, Nifty hit lifetime highs for 4th straight day on solid global cues
Nifty50 and Sensex reached new highs driven by banking and IT stocks amid expectations of a rate cut by the Federal Reserve.
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Zomato, RIL among top 10 stock holdings of Franklin Templeton Mutual Fund
The fund house had an AUM of Rs 96,692 crore as on May 2024 and manages 39 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Mutual Fund
Chris Wood of Jefferies picks GMR Airports, trims stake in 3 bank stocks
Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.
RIL, SBI among 8 stocks owned by more than 450 mutual fund schemes
Popular stocks are those with the maximum holding count by mutual fund schemes for each stock. Here are the top 8 stocks owned by over 450 mutual fund schemes, according to data by ACE MF.
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs led by gains in RIL & banking stocks
Indian benchmark equity indices, Sensex and Nifty50, reached fresh record highs on Monday with Sensex hitting the 77,000 mark.
Technical Breakout Stocks: How to trade Raymond, Avanti Feeds and Sobha on Monday?
On Friday, the Indian market continued its upward trend, marking the third consecutive day of gains. The S&P BSE Sensex surged by over 1,600 points, while the Nifty50 closed just below the 23,300 level.
Past reforms will continue to drive economy over next 2 years: Neelkanth Mishra
In fact, with the RBI dividend being significantly better than what was budgeted, I would not be surprised if in the July budget, the government chooses to bring down its FY25 fiscal deficit target from 5.1% to 4.9% because that money is there.
If exit polls hold true, these stocks are set to surge under Modi 3.0
Modi stocks are companies or sectors that have benefited directly from government policies and initiatives under PM Narendra Modi, making them attractive to investors looking to capitalize on government-driven growth. CLSA has identified 54 such companies, perceived as direct beneficiaries, half of which are PSUs.
Jubilant FoodWorks, Axis Bank among 5 stocks with long buildup
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Thursday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Sensex slumps for 4th session, declines 668 pts; financials, IT bleed
Uncertainty around domestic election results and the timing of US rate cuts dampened investor sentiments. The broader Nifty dropped 183 points to end at 22,704. Meanwhile, investors lost Rs 1.83 lakh crore. Sector-wise, Nifty Financial Services fell 1.65%, while Nifty IT, Private Bank, and Oil & Gas declined by over 1%.
Sensex falls 600 pts amid weak global market mood ahead of US inflation data; Nifty below 22,750
Reflecting the global market downturn, Indian key indices continued their downward trend for the fourth consecutive session on Wednesday. HDFC Bank, M&M, ICICI Bank, L&T, Reliance, and Axis Bank led the decline among Sensex stocks. Nifty Financial Services slid 0.6%, while Nifty Auto fell by 0.8%.
Vedanta said to weigh $1 billion share sale as soon as June
Vedanta is working with advisers including Axis Bank Ltd. subsidiary Axis Capital and Citigroup Inc. on the offering, the people said.
8 largecap stocks that are below industry PE levels can surge up to 13%
Low PE stocks, often regarded as value stocks, are typically favoured for long-term investment strategies. According to Trendlyne data, SBI, LIC, Infosys, HCL Tech, and L&T are currently trading at lower PE ratios compared to their respective industry averages. Despite belonging to different sectors, these stocks have the potential to rally by up to 13%, as suggested by Trendlyne data.
IT stocks sink, dragging Sensex, Nifty to flat close
IT stocks closed lower amid concerns over tighter-for-longer US monetary policy. Sensex settled at 75,410.39 while broader NSE Nifty ended at 22,957. HDFC Bank, Bharti Airtel, L&T, Axis Bank, NTPC, and UltraTech Cement saw gains, while Tech Mahindra, Asian Paints, TCS, M&M, and Titan closed with losses.
D-Street off to a muted start as Fed minutes dim rate cute hopes
Nifty and Sensex opened flat on Thursday after disappointment in recent inflation data from the Federal Reserve, dampening hopes of an early rate cut. BSE Sensex traded 24 points higher at 74,245, while Nifty50 was at 22,604. Federal Reserve officials expressed concern about inflation persisting above the 2% target.
Banking and IT stocks drag Sensex over 100 points lower; Nifty below 22,400
The BSE Sensex edged 93 points or 0.13% lower to 73,565. Meanwhile, the Nifty50 traded at 22,381, down 22 points or 0.1% around 9:21 am.
Mutual funds take Rs 10,000 crore contra bet on sleeping giants Kotak, HDFC Bank
Mutual funds invested Rs 10,000 crore in Kotak Mahindra Bank and HDFC Bank in April, despite their decline in Nifty rankings. Fund houses like HDFC MF, SBI MF, and Axis MF raised bets on HDFC Bank, while Kotak Mahindra saw buying from Nippon India MF and others. The investments were based on data from Prime Database.
Brokerages increase target price for Bank of Baroda. Should you buy?
BoB’s net interest income for the full financial year stood at Rs 44,722 crore, an 8.1% uptick over FY23. The operating profit for FY24 was reported at Rs 30,965 crore, a 15.3% year-on-year (YoY) gain.
Banking stocks drive Sensex 111 pts higher from deep red; Nifty above 22,100
Indian equity indices surged, with Sensex and Nifty posting gains. Top gainers included Asian Paints, Sun Pharma, HDFC Bank, TCS, Axis Bank. Tata Motors faced downgrades while Cipla reported a significant profit surge in March 2024.
Sensex rises 500 points tracking positive cues from global peers; Nifty above 22,100
Indian benchmark indices surged today. Auto and energy stocks drove the gains. NTPC, ITC, Axis Bank, JSW Steel, and Power Grid were the top gainers.
Stocks in news: Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank, Axis Bank, HUL, Kotak Bank
Shares of Bajaj Finance, Nestle, Tech Mahindra and IndusInd Bank will be in focus as the companies will announce their quarterly results later in the day.
Axis Bank board approves Rs 55,000 crore fundraise via mix of debt and equity
Of the total approved plan, the lender will raise around Rs 35,000 crore through issue of various debt instruments including long term bonds, masala bonds, sustainable, optionally/compulsorily convertible debentures among others.
Stocks in news: HUL, LTIMindtree, Indian Hotels, Axis Bank, Tata Consumer, Cyient DLM
FMCG company Tata Consumer Products reported 19% fall in its consolidated net profit at Rs 216 crore for the quarter ended March 2024.
Stocks in news: Axis Bank, Paytm, ABFRL, ICICI Pru Life, Shivalik Rasayan
Following the controversy surrounding misleading advertisements by Patanjali, Baba Ramdev and Acharya Balkrishna have submitted affidavits to the Supreme Court, offering "unconditional, unqualified" apologies.
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