View Full Image Graphic: The Economist Look beneath the surface, at individual sectors and firms, and the mood is even wilder. The Philadelphia semiconductor index, which tracks companies in the chipmaking supply chain globally, has fallen by more than a fifth in a matter of weeks. Arm, one such firm, […]
banking stocks
Indian stock market is experiencing a dichotomy, with high valuations in some sectors limiting investment opportunities, while robust macroeconomic conditions sustain investor interest in domestic equities, analysts said. Benchmark equity indices Sensex and Nifty 50 have declined approximately 1% from their record highs, driven by a broader weak sentiment following […]
Bank Nifty index traded flat with a positive bias on Friday following three consecutive sessions of decline this week. Gains in counters such as Kotak Mahindra Bank, IndusInd Bank, AU Small Finance Bank, and ICICI Bank were offset by selling pressures in Federal Bank, Axis Bank, and HDFC Bank shares. […]
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 […]
Nifty Bank hit fresh highs, crosses 53,000 as it continues its winning streak for the 4th day in a row Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. 3.6 Crore Indians visited in a single day choosing us […]
The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023. “While we estimate margins to remain range-bound in the near term, the […]
The index posted a weekly gain of 3.32%, marking its best weekly performance in CY24 so far. The index’s previous best weekly performance was recorded in December, with a gain of 5.46%. Among the top gainers in the index during this week was Bandhan Bank, which finished with a gain […]
The total selling by FPIs in the domestic equities since the beginning of 2024 amounted to over ₹19,000 crore so far, as per data available on National Securities Depository Ltd (NSDL). Meanwhile, the highest FPI outflows was seen in the financial services stocks worth ₹9,687 crore during the first fortnight […]
Certainty in the election outcome and renewed foreign investor inflows into Indian equities have pushed benchmark indices to new peaks for two consecutive sessions. However, the banking index has not mirrored this trend. Does the election impact the banking sector? If yes, would a likely third term for Modi benefit […]
Dedicated emerging market (EM) foreign investors, Wood noted, may no longer be ‘overweight’ on India given a combination of sustained outperformance and strong domestic inflows prompting a potential shift in foreign investor sentiment. However, Chris Wood continues to have a positive structural view on India’s domestic demand cycle. Another reason […]