ICICIBANK.NSEICICI Bank Ltd.
Earnings power Indian stocks to fourth day of gains ahead of holidays
Indian equities rose for a fourth consecutive session on Monday, ahead of a two-day holiday, due to better-than-expected earnings from banks and index heavyweight Reliance. The Nifty 50 and the BSE Sensex increased about 0.5% each to one-year-highs of 25,843.15 and 84,363.37, respectively. Their 2.8% gain over four sessions has left them less than 2% shy of their lifetime highs hit in September 2024. The flurry of earnings over the weekend ensured trading volumes were normal ahead of the market holiday on Tuesday and Wednesday for a local festival, an analyst and a trader said. Twelve of the 16 major sectors logged gains. The broader small-caps and mid-caps rose about 0.5% and 0.8%, respectively. The “domestic markets will reverse their underperformance over global peers as optimism is gradually returning, and the stage is set for recovery as valuations are reasonable and earnings downgrades have bottomed out,” said Amisha Vora, chairperson and managing director at PL Capital. Reliance Industries jumped 3.5% to a three-month high after its September-quarter earnings, with analysts bullish on the oil-to-telecom conglomerate’s core earnings, retail segment, and improving earnings outlook.
cityfalcon.com·2d ago
Muhurat trading 2025 strategy: ICICI Bank, L&T, among four stocks to buy on Samvat 2082
Muhurat trading 2025 strategy: Muhurat trading is a symbolic one-hour session conducted by the Indian exchanges. This year, both the BSE and NSE will mark the start of Samvat 2082 with Muhurat trading scheduled between 1:45 pm and 2:45 pm.
cityfalcon.com·2d ago
India stock benchmarks to open higher on strong earnings from lenders, global cues
India’s equity benchmarks are set to open higher on Monday as better-than-expected earnings from top lenders and positive global cues on easing China-U.S. trade tensions boost investor sentiment. Gift Nifty futures were trading at 25,980.5 points as of 7:56 a.m. IST, indicating that the benchmark Nifty 50 will open above Friday’s one-year high close of 25,709.85. India’s top two private sector lenders HDFC Bank and ICICI Bank reported higher-than-expected profits for the September quarter, along with an improvement in their asset quality on Saturday. Meanwhile, Reliance Industries missed quarterly profit estimates due to weakness in the legacy oil-to-chemicals segment, but its revenue came in above forecast. “Revival in retail growth and rising visibility on low-teens consolidated EBITDA growth in FY26 should help (Reliance Industries) stock re-rate,” brokerage firm Jefferies said in a report. Benchmark Nifty 50 closed at a one-year high last week as optimism over an earnings rebound and growing expectations of a December rate cut buoyed sentiment.
cityfalcon.com·3d ago
Stocks in news: RIL, HDFC Bank, YES Bank, IndusInd Bank, RBL Bank, Jain Resource
Indian markets closed the week strong with Nifty 50 reaching a new 52-week high. Investors are now watching quarterly results from Reliance Industries, HDFC Bank, and ICICI Bank. Other companies like JSW Energy and RBL Bank also reported significant developments. Sobha Realty plans major project launches. Federal Bank will consider fundraising plans. IndiGo is expanding its wide-body aircraft fleet.
cityfalcon.com·3d ago