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Week started off with the shocking robbery at Bank of Baroda, government charting out reform banks, SBI reducing employee base and ending with the big bank announcement of Moodys upgrading India
DLF, United Spirits and Jubilant Foodworks are looking attractive on the charts, while Kotak Mahindra Bank, Federal Bank and ICICI Bank remain top banking picks, says Kunal Saraogi, CEO at Equityrush.com.
Shares of PNB surged 6 per cent, Bank of Baroda soared 5.17 per cent, Yes Bank gained 4.16 per cent, SBI (3.91 per cent) and ICICI Bank (3.55 per cent) on BSE.
According to Ashwani Gujral of ashwanigujral.com, one may buy ICICI Bank, DHFL and Sunteck Realty.
It is far better to play the corporate facing private sector banks like Axis and ICICI Bank than PSU banks, said Suresh Ganapathy, Banking Analyst, Macquarie Capital Securities.
Reserve Bank has allowed foreign investors to raise their stake in ICICI Lombard General Insurance Company to 49 percent under the portfolio investment scheme (PIS).
Beena ParmarMoneycontrol NewsDigital payment player Paytm has partnered with ICICI Bank, countrys largest private sector bank,to jointly launchPaytm-ICICI Bank Postpaid,offering interest-free short
ICICI Direct is bullish on City Union Bank has recommended buy rating on the stock with a target price of Rs 180 in its research report dated November 09, 2017.
lender, ICICI Bank, had also reduced its headcount by 1,082 people in the three months period from July to September this year taking its total staff strength to 83,058 employees as of September 30.On
Banks had put up approximately Rs 30,000 crore worth of assets for sale during the six months period starting April, of which banks have managed to sell just about Rs 5,000-6,000 crore to ARCs
Indian ADRs ended mostly lower on Monday. ICICI Bank fell 1.56 percent and Wipro added 1.09 percent.
In the banking space, ICICI Bank was up 1.8 percent at USD 9.61 and HDFC Bank shed 0.69 percent at USD 94.02.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India, ICICI Bank and Bank of Baroda.
State Bank of India which jumped 6.55 percent while Larsen & Toubro was up over 4 percent. ICICI Bank, Hindustan Unilever and Mahindra & Mahindra were the other top Nifty gainers from
53 stocks hit new 52-week high on the NSE including Bank of India, Jet Airways, Britannia Industries, Larsen & Toubro, Mphasis, Tata Global, Tube Investments, Voltas and V-Guard Industries while
Indian ADRs ended mostly lower on Thursday. ICICI Bank was up 1.07 percent and Dr Reddy's Laboratories fell 0.88 percent.
Ashwani Gujral says the Bank Nifty has outperformed during this correction and if this continues, one could see new highs in the next couple of days.
ICICI Bank (up 1.9 percent) and Reliance Industries (1.4 percent) helped the Nifty recover from day's low and defend 10,300 level. Index heavyweights ITC (down 2.02 percent) and HDFC (1
According to Ashwani Gujral of Ashwanigujral.com, one may buy ICICI Bank and Tata Global Beverage.
47 stocks hit new 52-week high on the NSE including Axis Bank, Balmer Lawrie, Bharat Forge, Hexaware Technologies, Indian Bank, Nestle, Petronet LNG, Rain Industries and VRL Logistics.
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