Narayanan Vaghul, a legendary banker and former Chairman of ICICI Bank, passed away on 18th May 2024 at Apollo Hospital in Chennai. His family released a statement expressing deep sorrow and noting that he is survived by his wife, daughter, son, and their families. Vaghul's family had invited friends and admirers to pay their respects at his residence.
Nifty snaps three-day losing streak with the benchmark index shutting shop above 17,600. Will markets end the week on a positive note? We discuss the market technicals and chart set up for stocks such as ICICI Bank and PNB Housing with Raja Venkatraman of Neotrader. Meanwhile, we put the spotlight on IT quarterly report card as HCL Tech outshines larger peers to hand in a positive surprise in the fourth quarter. Midcap IT steals the show as after Mastek, Cyient reports a solid quarterly show! Moneycontrol Pro’s Madhuchanda Dey analyses the IT sector’s fourth quarter print. Watch!
India has been one of the best performing large markets this year. Confidence in the economy and the market is high but so are valuations. Watch as CJ discusses the fate of the Indian market with Pramod Gubbi, Founder at Marcellus Investment. Also, know CJ's thoughts on Voltas, ICICI Bank and Godrej Properties.
JSW Steel's September quarter results were woeful and have provided a stick to Santo to beat CJ with on his optimism for the space. Watch as the duo lock horns over what lies ahead for the ailing steel giant plus listen to their thoughts on ICICI Bank and IDFC FIrst Bank. Plus, the duo share their top brokerage bets this morning and the newsmakers that will be in the limelight.
European markets end higher as the UK gets a new prime minister. The Stoxx 600 clocked in gains to the tune of 1 and a half percent. All sectors closed in the positive territory. Stocks in the spotlight today are RIL, ICICI Bank and HUL. We also get you some ideas for the new Samvat 2079.
ICICI Bank posted an improvement on all fronts in Q1FY23 numbers. The strong performance of the bank gets reflected in its stock performance. ICICI Bank has not only delivered higher returns compared to HDFC Bank but also outperformed the Nifty and the Nifty Bank in the past 1, 3 and 5 years by a wide margin. Will the outperformance continue? Is there scope for the stock to re-rate? Watch the video
Equity benchmarks remained marginally higher with the Nifty holding 8250 amid consolidation, supported by ITC, ICICI Bank, Infosys and Reliance Industries.
Indian equity benchmarks remained directionless in noon trade but Asia continued to be positive with the Nikkei rising a percent following oil production cut.
ICICI Bank, Maruti, L&T, SBI and HDFC Bank were top gainers while Lupin, GAIL, Cipla, Reliance and Tata Motors are losers in the Sensex.
Equity benchmarks remained lacklustre due to lack of domestic as well as global cues. Current consolidation suggested that so far, the market seems to have priced in the effect of demonetisation on equities. Now the street will closely watch its effect on Q3 earnings that will be announced in January.
Country's largest private sector lender ICICI Bank beat analysts' expectations on profit front but asset quality was disappointing in July-September quarter. Profit increased 2.4 percent year-on-year to Rs 3,102.3 crore, supported by other income but impacted by sharp spike in provisions for bad loans.
Equity benchmarks started off the week on a strong note Monday, tracking relief rally in global peers after a clean chit to US presidential candidate Hillary Clinton in email probe. However, there was some profit booking in late trade as investors still maintained cautious stance ahead of US elections.
The ambiguity or volatility is expected to remain till the outcome of US election, feel experts. According to them, if Donald Trump wins the election, then there can be further sell-off that would be a big opportunity for investors (who missed earlier rally) to pick quality stocks, but if Clinton wins, then there could be relief rally.
Morgan Stanley raised its price target for ICICI Bank by 4 percent to Rs 266 (from Rs 255 earlier) owing to higher valuations for the life insurance subsidiary ICICI Prudential while maintaining equal-weight rating.
Morgan Stanley has initiated coverage of ICICI Prudential Life Insurance Company with overweight rating and target price of Rs 365, citing likely multi-year improvement in profitability.
Equity benchmarks remained marginally higher in noon trade with the Nifty inching towards 8650 level, supported by auto, pharma and select banks stocks. However, the selling in ICICI Bank, Infosys, ITC and HDFC limited upside.
Late recovery helped the 50-share NSE Nifty close the October series above psychological 8600-mark, driven by index heavyweights ITC, ICICI Bank and HDFC Group stocks. Short covering after two-day fall and second quarter earnings lifted market sentiment but upside capped due to asset quality concerns and weak global cues.
Benchmark indices extended losses with the Sensex falling 284.44 points or 1.01 percent to 27806.98 and the Nifty down 80.55 points or 0.93 percent at 8610.75.
Equity benchmarks extended gains on Monday with the Nifty closing above 8700 level for the first time since October 6, supported by ICICI Bank, Tata Motors and ONGC. Positive global cues also lifted the market sentiment.
ONGC, Coal India, Tata Motors, ICICI Bank and Lupin were top gainers while Wipro, Asian Paints, Axis Bank, Bharti Airtel and Hero MotoCorp.
Equity benchmarks remained rangebound ahead of expiry of October derivative contracts this week while the broader markets outperformed.
Equity benchmark indices remained rangebound with the Sensex hovering around 28000 level. Oil & gas, banks and infra stocks were under pressure but HDFC Bank, ITC and Infosys limited losses.
Equity benchmarks wiped out its previous day's gains, with the Sensex falling over 100 points on profit booking.
Equity benchmarks recouped previous day's losses on Thursday with the Nifty reclaiming 8700 level intraday but failed to hold the same level in late trade. Banking & financials, infra and oil & gas stocks aided the momentum but the sell-off in Infosys, Tata Motors, HDFC Bank and ITC limited upside.
ICICI Bank rebounded sharply after yesterday's profit booking, up 3.4 percent followed by HDFC, SBI and ICICI Bank with over a percent gains. Adani Ports topped the buying list, up 3.8 percent after losing 6 percent in previous session.