Valuation of PSU stocks has become less attractive, says Akhil Kalluri of Franklin Templeton. The rally in small caps can be attributed to retail liquidity and the deployment of excess cash. Kalluri discusses the valuation risk in the broader market and the March quarter earnings. He also comments on the possibility of a re-rating if BJP comes back to power. Kalluri highlights power, defence, and capex as hot investment themes. He further mentions the future prospects of financial giants and suggests an ideal asset allocation strategy with a long holding period.
Bijith Bhaskar has stepped down from his role as ICICI Bank’s payments head. The resignation comes as a surprise to many in the finance industry. Read more to find out the reasons behind his decision.
India’s stock benchmarks jumped over 1% on Monday, led by gains in bank shares after ICICI Bank’s better-than-expected fourth-quarter results. The market may be on course to scale records though the spike in the Volatility Index or VIX, a fear gauge, shows that traders see risks to equities at current levels. The outcome of the US Federal Reserve’s rate-setting meeting on Wednesday is expected to determine the direction of equities in the foreseeable future.
The market capitalization of the 6 most valued companies has surged by Rs 1.30 trillion, with State Bank of India (SBI) and ICICI Bank leading the way. This increase reflects positive investor sentiment and confidence in these companies. To know more about the reasons and implications of this surge, read on.
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A comparison of RTGS and NEFT fees charged by major Indian banks SBI, HDFC Bank, ICICI Bank, PNB in April 2024.
Get the latest share prices of top companies in India, including Apollo Hospitals Enterprise, Nestle India, SBI Life Insurance Company, Cipla, and more. Stay informed about the stock market and make smart investment decisions. Read more to get detailed information about their share prices.
Both the management and minority shareholders of ICICI Securities are preparing for an EGM on March 27 to seek approval for the company’s delisting process.
Equity benchmark indices declined in early trade on Tuesday after rallying in the past four days amid weak trends from global markets and foreign fund outflows. The BSE Sensex declined 297.97 points to 73,574.32, while the Nifty dipped 86.05 points to 22,319.55. Major laggards include HCL Technologies, Tata Consultancy Services, ICICI Bank, Infosys, Axis Bank, and Reliance Industries.
The combined market valuation of five of the top 10 valued firms eroded by Rs 1,67,936.21 crore last week, with HDFC Bank emerging as the biggest laggard. ICICI Bank, Infosys, Bharti Airtel, Life Insurance Corporation of India (LIC) and ITC were the gainers in the top-10 pack.
Equity benchmark indices open positively with Sensex rising 250 points, driven by financial stocks. The BSE Sensex and Nifty climb, but HUL and Reliance Industries shares suffer from their December quarter results. Most financial stocks perform well, while global oil benchmark Brent crude declines. Domestic equity markets are predicted to have subdued activity, with normal trading sessions announced on Saturday.
