India’s equity markets are facing the jitters on Tuesday as trading resumed after the long weekend. The Nifty is down over 350 points, while the Sensex, at the lowest point of the day, was down 1,500 points. The benchmark indices were reacting to two days of global cues. The US market had a very sharp […]
Full recovery of India’s banking sector unlikely until FY27: UBS Securities – CNBC TV18
India’s banking sector has been squeezed between rising costs and slowing credit demand, for over a year. The downgrade cycle may be nearing an end, according to UBS Securities, a multinational investment bank. However, Vishal Goyal, Head of India Research at UBS Securities, also warned that a full recovery for the country’s financial sector is […]
Nifty 50 poised for more upside, top CLSA chartist says; advises buying this banking stock – CNBC TV18
Laurence Balanco, the CLSA chartist, sees more upside for the Nifty 50 index, after it closed above its 50-Day Moving Average during Thursday’s trading session. From the lows of 21,964 on March 4, the Nifty 50 index has gained over 1,200 points, reclaiming the mark of 23,000 and narrowing its losses from the peak. You […]
Market Rally: From Tata Motors to RIL, these stocks aided the 1,200-point rally on the Nifty – CNBC TV18
1 / 9 The Nifty 50 index made a low of 21,964 on March 4. In the 11 trading sessions post that, the index has gained over 1,200 points, ending close to the 23,200 mark on Thursday, March 20. 2 / 9 Index heavyweights have been significant contributors to this 1,200-point recovery, prominent among them […]
10 stocks that saw the biggest buying from Mutual Funds in February – CNBC TV18
1 / 11 Mutual Funds have piled into shares of banking stocks in the month of February, according to a latest report by Nuvama Alternative and Quantitative Research. Lenders like HDFC Bank, Kotak Mahindra Bank, Axis Bank and ICICI Bank feature in the list of 10 biggest buys by fund houses last month. Here is […]
JP Associates Loan Sale: These banks to see recoveries in Q4 – CNBC TV18
1 / 8 Banks have concluded the transfer of stressed Jaiprakash Associates (JAL) loans to NARCL for ₹12,000 crore. 2 / 8 Banks to see recovery of ₹12,000 crore against principal loan amount of ₹14,500 crore; recovery to reflect in Q4 earnings. 3 / 8 As many as 25 banks led by SBI have received […]
12 stocks to buy from BofA Securities who sees Nifty at 25,000 by year-end – CNBC TV18
1 / 15 Brokerage firm BofA Securities has turned constructive on the Nifty 50 index, given that it is now trading at its long-term average valuation and on earnings growth estimates. 2 / 15 The brokerage sees the Nifty 50 index at 25,000 by the end of the year, which implies a 14% potential upside […]
GREED & fear: Chris Wood introduces investment in InterGlobe Aviation, removes this PSU stock – CNBC TV18
Veteran global fund manager Chris Wood of Jefferies has introduced more changes to his India long-only portfolio. He will be introducing coverage in India’s largest airline InterGlobe Aviation (IndiGo). InterGlobe Aviation will command a 4% weightage in the India long-only portfolio and this will be funded by removing the investment in state-run Coal India Ltd. […]
Nifty target cut by Prabhudas Lilladher to below 26,000, highlights key long-term themes – CNBC TV18
Domestic brokerage firm Prabhudas Lilladher has cut its base case Nifty 50 target by nearly 6% to 25,689 from 27,172 earlier. It has also cut Nifty’s Earnings Per Share (EPS) estimates by 0.8%, 2% and 2.6% for financial year 2025, 2026 and 2027 respectively. “We recommend selective buying for long-term gains,” Prabhudas Lilladher said in […]
ICICI Bank, HDFC Bank, Shriram Finance, and MMFSL among top picks: Motilal Oswal Financial Services – CNBC TV18
Nitin Aggarwal, Head of BFSI Research at Institutional Equities, Motilal Oswal Financial Services, prefers large banks like ICICI Bank and HDFC Bank, along with NBFCs such as Shriram Finance and Mahindra & Mahindra Financial Services Limited (MMFSL). Aggarwal believes these large banks are navigating the current phase of the cycle more effectively, with the impact […]