Trends on SGX Nifty were hinting at a gap-down start for the domestic market indices. Image: Reuters After ending flat in the previous session, BSE Sensex and Nifty 50 are looking to open in the negative territory on Tuesday. In the previous session, S&P BSE Sensex ended 63 points lower at 48,718 while the Nifty
ICICI Bank
Analysts believe that this development is marginally negative for Kotak Mahindra Bank, as Uday Kotak, the promoter MD and CEO, will not be eligible for reappointment once his term gets over. The Reserve Bank of India’s (RBI) final guidelines on the tenure of bank MD, CEOs, or Whole Time Director (WTD) will apply to private
Seeing the stellar rise in earnings, brokerage firms have increased their target prices for ICICI Bank shares. Private sector lender ICICI Bank’s share price soared 5.9% on Monday to hit an intra-day high of Rs 604.9 as investors reacted to the strong quarterly earnings growth. ICICI Bank said its net profit in the January-March quarter
Nifty is now placed at the crucial support juncture of around 14200-14150. SGX Nifty points at a gap-up opening for domestic equity benchmarks BSE Sensex and Nifty 50 on Thursday. Global markets were seen trading higher following an overnight bounce on Wall Street. Japan’s Nikkei 225, Topix and Kospi advanced up to 1.5 per cent.