Nifty futures were trading 95 points or 0.65 per cent higher at 14,770 on Singaporean Exchange, indicating a positive opening for BSE Sensex and Nifty 50 on Tuesday
According to Rusmik Oza of Kotak Securities, the AMC stocks are trading quite expensive in the context of muted earnings growth. “One can wait for valuations to turn reasonable before investing in AMC stocks,” he said.
Nifty futures were trading 60.50 points or 0.42 per cent lower at 14,496 on Singaporean Exchange, suggesting a negative opening for BSE Sensex and Nifty 50 on Wednesday
HDFC Bank share price gained 2.3 per cent to hit a fresh 52-week high of Rs 1,500 apiece on BSE today. The bank reported an 18.1 per cent on-year growth in net profit at Rs 8,758 crore.
Nifty futures were trading 35.50 points or 0.25 per cent down at 14,423 on Singaporean Exchange, suggesting a gap-down opening for BSE Sensex and Nifty 50 on Monday
After having battled pandemic and asset quality risks in the previous year, India’s banking sector looks poised for a better year ahead with further upside and recovery in earnings.
According to BofA Securities, FIIs have increased their overweight position in financials, IT, and discretionary sector while maintaining their underweight position in materials, healthcare, utilities, telecom, staples, and i