ICICI Bank

Nifty 50 expected to rise 14% to reach 25,810 level by December, says Prabhudas; picks 7 large cap stocks to buy

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Nifty 50 expected to rise 14% to reach 25,810 level by December, says Prabhudas; picks 7 large cap stocks to buy

Nifty 50 will have scaled up to the 25,810 mark by December 2024, highlighted domestic brokerage Prabhudas Lilladher in its most recent India Strategy Report, Democratic Hat-trick to Re-Rate Markets. The ongoing rule of the National Democratic Alliance (NDA) government and the La Nina-led regular monsoons, which are predicted to bring policy stability and accelerate … Read more

Market valuation of top firms surges ₹59,404 crore during holiday-shortened week; Airtel and ICICI Bank gain big

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Market valuation of top firms surges ₹59,404 crore during holiday-shortened week; Airtel and ICICI Bank gain big

The combined market valuation of seven out of the ten most valued companies surged by ₹59,404.85 crore during the holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers, PTI reported. In the ranking of top-10 firms, Reliance Industries (RIL) maintained its position as the most valued company, followed by Tata … Read more

Stock Market: Half of Nifty 50 constituents, two-thirds of sectoral indices trade at premium valuation: Motilal Oswal

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Stock Market: Half of Nifty 50 constituents, two-thirds of sectoral indices trade at premium valuation: Motilal Oswal

The Nifty 50 index has gained nearly 3% in 2024 so far, but the broader markets have outperformed the benchmark as the Nifty Smallcap 100 rallied 6.8%, while the Nifty Midcap 100 index surged 7.7% YTD. During the last twelve months, the midcap and smallcap indices have gained 65% and 78%, respectively, while largecaps have … Read more

ICICI Securities wants to delist. Why are mutual funds buying its shares?

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ICICI Securities wants to delist. Why are mutual funds buying its shares?

Interestingly, these funds bought ICICI Securities shares at a premium to the value of ICICI Bank shares they will get in exchange, if the delisting of ICICI Securities goes through. For every 100 shares of ICICI Securities, shareholders will get 67 shares of ICICI Bank, translating to a share swap ratio of 0.67. However, throughout … Read more

Market Capitalisation of 7of top-10 most valued firms surged to ₹71,301 crore; Bharti Airtel leads the pack

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Market Capitalisation of 7of top-10 most valued firms surged to ₹71,301 crore; Bharti Airtel leads the pack

In an unprecedented rally, the BSE benchmark climbed by 374.04 points or 0.50% last week, setting new records. Markets remained closed on Friday for Mahashivratri festivities. Also read: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week The 30-share BSE Sensex closed at a historic … Read more