According to Axis Securities, the small and midcaps are picking up steam and they should deliver solid returns in 2021 as economic uncertainties will reduce and volatility will decline
Given the sharp volatility, it is preferable to stick to leaders or top-tier players across sectors as they consolidate their position and gain market share
The country's second-largest private sector lender ICICI Bank launched a special offering for the millennial segment, with features like exclusive branches that will host entertainment events
Q2's Net NPA at 1 per cent is the best since FY16; margin for error on asset quality may be very limited
Q2 Net NPA at 1% is the best since FY16; margin for error on asset quality may be very limited
All that happened in the markets today
Major stocks are preparing for next leg of breakouts.
The bank's net interest income grew 16 per cent to Rs 9,366 crore in Q2FY21
The bank's NII grew 16 per cent to Rs 9,366 crore in Q2FY21 from Rs 8,057 crore
The bank had posted a net profit of Rs 655 crore during the same period of the previous fiscal year.
Emkay Global Financial Services note that the private lender has done the heavy-lifting on provisions in Q4FY20 and Q1FY21. Thus, incremental provisioning should be moderate leading to healthy profits
Nifty is forming a symmetrical triangle with "shortall" in place on the daily chart, which indicates that the chances of bullish breakout is higher than the bearish breakout
HDFC Bank's asking rate has been twice ICICI Bank's in the past, but the trend is fast reversing
Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year
This is already a record year for amount mobilised through the equity capital markets (ECM), topping $31.2 billion raised during calendar 2007, according to financial data firm Refinitiv
Earlier in the day, its larger rival HDFC Bank also said that the business has returned to pre-COVID pandemic levels
HDFC Bank's business is back to pre-covid levels, says Aditya Puri
The additional borrowing could take full-year issuance to a new high of 13 trillion rupees from the current 12 trillion rupees target, according to Bloomberg calculations
The stock of ICICI Bank has witnessed a decent correction recently and has maintained the support zone near 360 levels