ICICI BANK NEWS
HDFC Bank drags Sensex 500 points lower, Nifty slips below 24,200
Indian equity indices decline due to HDFC Bank's disappointing Q1 update, with Sensex dropping over 500 points. Experts anticipate potential Fed rate cuts based on US jobs data. Global markets remain positive on U.S. rate cut expectations. Oil prices hold near recent highs. Rupee strengthens against the dollar.
D-St record run continues! Sensex rallies 300 pts; Nifty tops 24,300 as IT, banks lead charge
From the Sensex pack, ICICI Bank, HCL Tech, and M&M opened up to 1.5% higher while HDFC Bank, HUL and IndusInd Bank opened lower by up to 1.3%.
Top 10 index mutual funds, ETFs deliver up to 36% return in first half of 2024
Top 10 passive funds and ETFs saw returns of up to 36% in the first half of 2024, with a focus on auto sector funds. Notable performers included ICICI Prudential Nifty Auto ETF and Mirae Asset Nifty India Manufacturing ETF, showcasing strong growth in the market.
HDFC Bank shares jump 3% to fresh high, investors eye Rs 1,900-level on MSCI boost
HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.
ICICI Bank launches Sapphiro Forex Card for students studying abroad
ICICI Bank has launched the Sapphiro Forex Card, designed for students going abroad for higher education. Powered by Visa, the card offers benefits tailored for managing education expenses such as admission fees, course-related costs, and daily expenses like travel and dining. It supports transactions in 15 currencies without cross-currency mark-up charges, facilitating seamless global travel.
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:
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Stock Radar: ICICI Bank hits fresh record high in June; should traders buy, sell, or hold at current levels?
ICICI Bank Ltd, part of the private banking sector, broke out from a 2-month consolidation range to achieve a fresh record high in June 2024. Short to medium-term traders are advised to consider buying the stock with a target above Rs 1,300 levels in the next few weeks, according to experts.
Tata Group is India’s most valuable brand: Report
Tata Group has maintained its position as India’s most valuable brand with a brand value of $28.6 billion, according to the latest Brand Finance India 100 2024 report. The group's Taj hotel brand also secured the top spot as India’s strongest brand. Infosys follows as the second-most valuable brand with a brand value of $14.2 billion, showing a steady 9% growth. HDFC Group surged to the third spot with a brand value of $10.4 billion following its merger with HDFC Ltd.
SBI, RIL among top 10 stock holdings of Sundaram Mutual Fund
Sundaram Mutual Fund manages assets worth Rs 60,969 crore (as of May data) across 74 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to Motilal Oswal Financial Services report:
Bulls Charge Ahead: Investors reap over ₹1 L cr as Sensex, Nifty hit new highs
The 30-share BSE Sensex rose 141 points to settle at 77,479. The broader NSE Nifty gained 51 points to end at 23,567. From the Sensex pack, JSW Steel, Tata Steel, ICICI Bank, Reliance Industries, and Kotak Mahindra Bank emerged as the top gainers, each rising over 1%. Conversely, Sun Pharma, M&M, NTPC, SBI, and Wipro were the top laggards. The Nifty Pharma index fell by 0.5%, primarily due to a 2.2% drop in heavyweight Sun Pharma's shares after its Dadra facility received a warning letter from the US drug regulator.
RIL, Infosys, and NTPC among top 10 stock holdings of HDFC Mutual Fund
HDFC Mutual Fund manages an asset base of Rs 6.83 lakh crore as on May 2024 and is the third largest fund house based on assets managed. The fund house manages 129 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services.
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.
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
RIL, Infosys, and ITC among top 10 stock holdings of ICICI Prudential Mutual Fund
The second largest fund house manages assets under management of Rs 7.80 lakh crore as on May 2024. The fund house manages 253 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services.
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.
Stocks in news: Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, Indian Oil
Benchmark indices show positive momentum for the second consecutive day with lower volatility compared to the results day. Hero MotoCorp, ICICI Bank, ITC, PB Fintech, Tata Chemicals, and Indian Oil are in focus for various news developments. Allcargo Terminals, Bajaj Finserv, RVNL, Muthoot Microfin, and Pidilite Industries have also made significant announcements.
NDA government 3.0 hopes fuel Street rebound
India's equity indices surged over 3% on Wednesday following a 6% plunge due to election results. Stocks rebounded on expectations of NDA forming the government. Market volatility is expected until government formation, with limited upsides currently.
Nifty Bank crashes by 5,000 points. PNB, SBI, HDFC Bank fall up to 20%
Nifty Bank fell to 46,077.85, with all 12 stocks in the index trading in the red. Heavyweights HDFC Bank and ICICI Bank were among the top laggards. State Bank of India (SBI) also contributed to the downfall in good stead.
Stocks in news: ZEE, M&M Financial, Dr Reddy's, Wipro, Biocon
Domestic markets rally on exit polls predicting Modi government's massive mandate. ZEE, M&M Financial, Dr Reddy's, Wipro, Biocon in focus. ZEE to discuss fundraising. M&M Financial reports increased disbursements. Dr Reddy's opens biologics facility in Hyderabad. ICICI Bank partners with Adani One for co-branded credit cards with airport-linked benefits. RVNL awarded Rs 440 crore project by South Central Railway.
Adani Group & ICICI Bank launch co-branded credit cards with airport lined benefits
Adani Group and ICICI Bank have joined hands to introduce co-branded credit cards offering airport-linked benefits, aiming to enhance customer experience across various businesses. The Adani One app, launched in December 2022, serves as a digital platform for booking tickets, accessing airport facilities, and more. The cards provide perks like Adani Reward Points on various spends, premium lounge access, free air tickets, discounts on duty-free shopping, and F&B expenses at airports.
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%.
RIL, banking stocks drive Sensex 150 pts higher; Nifty above 22,900
Benchmark equity indices opened higher on Tuesday, driven by index heavyweights like Reliance Industries and banking stocks, with BSE Sensex up 0.15% and Nifty50 up 0.19%.
Are HDFC Bank's best days over? FIIs & mutual funds are confusing investors
HDFC Bank investors face uncertainty as FIIs and mutual funds sell off shares, triggered by RBI actions and merger fears, despite optimistic outlook from analysts.
Top 5 stocks where MFs, PMS, ULIP, and AIF increased exposure in April
We considered the top 5 stocks where MFs, PMS, ULIPs, and AIFs increased their exposure in April. Here's the list, according to the data by Finalyca.
Sensex, Nifty end volatile trade on a flat note; RIL gains offset by HDFC Bank losses
The 30-share BSE benchmark Sensex dipped by 45 points or 0.06% to settle at 73,466, while the NSE Nifty50 closed just above the 22,300 level.
ICICI Bank shares target price rise up to Rs 1,450 on steady Q4 results. Should you buy?
The private sector lender reported a healthy performance in Q4, with 17% year-on-year (YoY) growth in profit amid contained opex and provisions. The pace of NIM contraction decelerated, down 3 bps quarter-on-quarter (QoQ) at 4.4%.
Firm global cues, gains in ICICI Bank drive Sensex 550 points higher; Nifty above 22,500
The BSE Sensex was trading 351 points or 0.48% higher at 74,082. Nifty50 was trading at 22,504, up 84 points or 0.38% at around 9.21 am.
Stocks in news: ICICI Securities, ICICI Bank, YES Bank, Ultratech Cement, HCL Tech
Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses.
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