The BSE Sensex is up 25 per cent and the BSE BANKEX 22 per cent, according to data from ACE Equity.
ICICI Bank's shares on Wednesday hit a record high for a third day straight, rising 2 per cent on the BSE in intraday trade. On Tuesday, its market capitalisation (mcap) hit $100 billion and surpassed that of UBS. Analysts said ICICI Bank's rise was mostly a rerating of the stock on account of the lender's financials, which they said were 'best-in-class' among peers and could improve. Management quality and expected Union Budget measures for the middle class could help the stock over the coming weeks.
Diese Geschichte stammt aus der June 27, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der June 27, 2024-Ausgabe von Business Standard.
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Finance World's Question To Self: Too Many Regulators Within?
From fintech to urban cooperatives, a host of industry associations have expressed interest in becoming self-regulatory organisations
Mid-year portfolio review: Trim equity exposure after surge
Enhance term cover if liabilities have increased; boost health coverage to match medical inflation
Perils of keeping surplus money in bank accounts
In the 1970s, Jack, a United States (US) citizen, wanted to marry Anna, a citizen of the Communist Soviet Union.
'Government unlikely to choose fiscal profligacy'
\"You will not lose money if you take a medium-to-long-term view of India.But in the short term, I am not comfortable, as the current rally is purely liquidity-driven,\" observes RAJ BHATT, chairman and chief executive officer of Elara Capital. In an interview with Sundar Sethuraman, Bhatt says India stands out globally because of its financial discipline. Edited excerpts:
The quiet achiever: Conservative by nature, bold in returns
UTI Money Market Fund, launched in April 1997, has consistently ranked in the top 30th percentile of the money market fund category in the CRISIL Mutual Fund Ranking (CMFR) for three consecutive quarters through March 2024.
Jubilant to deliver extra cheese on value, with slice of pizza recovery
Domino's Indian franchise gains steam as pizza outpaces burger rivals amid shifting market dynamics
They came, they conquered
After World T20 win, Indian cricket begins transition period with Sharma, Kohli and Jadeja announcing retirement from shortest format in international cricket
A milestone on bond street
India's entry into the global bond index is a great sentiment-booster, but much of it has already been factored in
BALANCING ACT
After a challenging year post-merger, HDFC Bank looks poised for a strategic path forward
Window opens to give urban cooperative banks an uplift
In many countries, cooperative credit societies - also known as credit unions - have established significant importance and presence.
