Among large private banks, Goldman Sachs sees the strongest upside in ICICI Bank; Bernstein, meanwhile, rates ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank as 'Outperform.
India's largest private lender plans to raise at least $500 million each through three-year and five-year bonds as banks rush to complete overseas fundraising
Stocks to watch: HDFC Bank, Hyundai Motor India, BSE, IDFC First Bank, SpiceJet, Kolte-Patil Developers, Escorts Kubota, HDFC Life, Oil India, among others, will be in focus today.
Analysts said, brent crude and palm oil respectively remained elevated by 47% and 13% on year-to-date (YTD) basis, which might keep margins under pressure for FMCG sector.
Bernstein has, however, held on to some of the stocks in its earlier focus list - Larsen & Toubro (L&T), NTPC Axis Bank, HDFC Bank, Nuvama and HomeFirst.
HDFC Bank stock: Thus far in the calendar year 2026, HDFC Bank underperformed the market by falling 27 per cent, compared to a 8.2 per cent decline in the BSE Sensex.
Within the Nifty-500, DIIs were overweight in Consumer, public sector undertaking (PSU) Banks, Oil & Gas, Telecom, Metals, and Technology sectors in the June 2026 quarter, reports suggest.
Earlier today, Christopher Wood, global head of equity strategy at Jefferies, in his weekly note GREED & fear, revealed that he has exited HDFC Bank to make way for names like MCX and Lenksart.
India, Wood wrote, continues to benefit from improving domestic fundamentals, with bank credit growth accelerating to 17-18 per cent year-on-year in 2026.
Chairman Rajiv Kumar says HDFC Bank remains fundamentally strong with robust governance systems, while expressing confidence that CASA and margins will improve over the next two to three years
Among interest rate sensitives, Exide, Uno Minda, Bosch, Tata Motors CV, Ashok Leyland, Godrej Properties, DLF and Lodha Developers gained 3-5% in Wednesday's intra-day trade post RBI policy.
Thus far in the calendar year 2026, HDFC Life's stock price tanked 29 per cent.
Ajit Mishra of Religare Broking explains that stock prices were seeing adjustments following a variation in behaviour during the closing auction session on the BSE and NSE on Monday.
The NSE Nifty 50 index has been quoting below its long-term 200-day moving average since February 27, 2026.
HDFC Bank called the MSRDC matter 'business overreach'. Here's what the term means, why it is not a legal concept, and how it differs from fraud
Stocks to Watch today: BEL, Coal India, L&T, HUL, Bank of Baroda, Tata Power, IndiGo, Tata Chemicals, HDFC Bank, Godfrey Phillips, Tata Motors PV, Indus Towers, among others, will be in focus today.
On the broader market outlook, Ajit Mishra, SVP-Research of Religare Broking says the Nifty remains in consolidation mode, with key support at 23,600. On the upside, bullish pivot stands at 24,600.
Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options
In the two sessions, post announcement of its Q1 results on Saturday (July 18), HDFC Bank shares have lost nearly 7 per cent. The sharp decline has erased around ₹80,000 crore from its market cap.
Om Mehra, technical analyst of SAMCO Securities believes that ICICI Bank sharp price can rally to a new high; while the key support for HDFC Bank stock now stands at ₹772 on the charts.