Net Interest Income (NII) is expected to increase by 19.7 percent Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 5,664 crore, according to Sharekhan.
Nifty inches upwards in 2019, we could see a strong bounce back in many midcaps and small caps, but this revival would still be part of a major bottoming-out process for this space.
The chart pattern and positioning of confirmation indicators are adding to the positivity, says Jayant Manglik of Religare Broking
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 44.5 points, or 0.41%. Nifty futures were trading around 10,813-level on the Singaporean Exchange.
Net Interest Income (NII) is expected to increase by 12.8 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 5,336.6 crore, according to Kotak.
For the index to move higher, Nifty50 has to climb above 10,870-10,950, while on the downside, a break below 10,733 could result in further profit booking.
CLSA said earnings for smaller private banks, like IndusInd Bank and Yes Bank, may be impacted by provisioning for stressed loans and slower growth in corporate banking fees
Empirical evidence suggests in each of the past three election years, Nifty50 and Nifty500 have generated returns in excess of 11 percent and 18 percent, respectively
This is the verbatim transcript of Axis Bank management call with analysts.
If one sees continued benign data on the inflation front, one can hope for increased liquidity from RBI, going forward, to support credit growth
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 126.5 points or 1.18 percent. Nifty futures were trading around 10,612-level on the Singaporean Exchange.
The short-term momentum indicator that has been showing negative divergence has triggered bearish crossover. Thus, a top seems to be in place at the recent high of 10,941.
The coming week will be guided by macro data as well as state election results. Apart from that movement of crude oil price, rupee FIIs flows as well as trade talks will be guiding factors.
Amitabh Chaudhry, 54 years, will take over from Shikha Sharma as MD and CEO of Axis Bank after her term ends on December 31, 2018.
VIX continues to consolidate at elevated levels which is a cause of concern. VIX needs to move below 17 for market to see sustainable up move, says Ashish Chaturmohta of Sanctum Wealth Management
Investors should focus on valuation metrics i.e. companies with reasonable price to book value backed by improving operating metrics are likely to outperform.
Data suggests that largecaps have been more stable, while volatility has been seen in the mid- and small-cap indices
The Nifty index has an immediate resistance at 10650-10660 which needs to be crossed for the rally to continue towards 10745-10845 levels.
Siddhartha Khemka of MOFSL said nonetheless one can assume the Brent crude price to be in the range of $60-70/barrel as this is beneficial for both the oil producing as well as consuming countries.
"Axis Bank's ahead-of-the curve branch expansion will help its net interest margin as growth picks up," HSBC reasoned.
Rath has spent 17 years with India’s third-largest private sector lender across various roles and verticals and more than 26 years of industry experience.
Centrum recommended Hold rating on Axis Bank with a target price of Rs 560 in its research report dated November 02, 2018.
Volatile movements based on current political scenario involving elections, along with any downside on GDP growth are big headwinds for the market, Naveen Kulkarni, Head of Research at Reliance Securities said.
ICICI Direct is bullish on Axis Bank has recommended buy rating on the stock with a target price of Rs 725 in its research report dated November 05, 2018.
We see a profitable journey for this bank and hence recommend buying into the stock as it has potential to rerate from the current valuation.