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[hfe_template id='11223'] [ad_1] Shares of ICICI Bank, India’s second-largest private-sector lender, surged 2.15% to a new 52-week high of Rs 1,437 on Monday, as domestic brokerages turned bullish following the bank’s strong Q4FY25 performance. The lender reported an 18% year-on-year (YoY) increase in net profit to Rs 12,630 crore, prompting analysts to reaffirm their positive outlook and revise target prices upward, citing robust fundamentals, steady growth in loans and deposits. The lender’s net interest income (NII) for the quarter increased 11% YoY to Rs 21,193 crore. For the entire financial year FY25, the bank’s profit after tax climbed 15.5% YoY to Rs 47,227 crore. The bank also announced a dividend of Rs 11 per share. In Q4FY25, the net interest margin (NIM) stood at 4.41%, up from 4.25% in Q3FY25 and slightly above the 4.40% recorded in Q4FY24. The NIM for the full year came in at 4.32%. Live Events Here's what brokerages said post Q4 earnings show: Nuvama: ...

[hfe_template id='11223'] [ad_1] The Indian market is likely to consolidate on Tuesday, tracking muted global cues. The Nifty futures closed lower on Monday, with a loss of 0.45%, ending at 24,720 levels. On the options front, the maximum Call OI is placed at the 26,000 strike, followed by the 25,000 strike, while the maximum Put OI is placed at the 24,000 strike, followed by the 24,500 strike. Call writing is observed at the 24,700 and 25,000 strikes, while Put writing is observed at the 24,000 and 24,200 strikes. “Options data suggests a broader trading range between 24,200 and 25,200 zones, with an immediate range between 24,400 and 25,000 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. “Nifty formed an inside bar on the daily chart on Monday, as it remained within the range of the previous session,” he added.“Now, the index needs to hold the 24,600 zone for the next upward move towards 24,800, then 25,000 zones. S...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices fell sharply on Monday, with the Sensex dropping over 800 points and the Nifty slipping below the 26,000 mark, amid mixed cues from regional markets. The decline was led by index heavyweights Reliance Industries, IT, and financial stocks. The market capitalisation of all listed companies on the BSE fell by Rs 2.63 lakh crore to Rs 475.3 lakh crore. Reliance Industries, ICICI Bank, HDFC Bank, and Axis Bank together dragged the Sensex down by 450 points. Bharti Airtel, M&M, SBI, TCS, Infosys, and Tata Motors also contributed to the decline. On the sectoral front, Nifty Bank, Auto, Financial Services, IT, Media, Realty, Healthcare, and Oil & Gas fell by up to 1.6%. Meanwhile, the fear gauge India VIX jumped 6.3% to 12.7. However, Nifty Metal gained 1.5%, extending its winning streak after China's announcement of measures to boost its slowing economy. NMDC, Hindalco, and SAIL were the top gainers in...

[hfe_template id='11223'] [ad_1] Shares of private lender ICICI Bank rise 2.5% on Monday on BSE to its day’s high of Rs 1436.70 after the bank on Saturday reported a 14.6% year-on-year (YoY) jump in its standalone profit after tax to Rs 11,059 crore for the June quarter. The bank’s net interest income (NII) for the quarter rose by 7.3% YoY to Rs 19,553 crore while the net interest margin was 4.36% in Q1 compared to 4.40% in Q4 of FY24 and 4.78% in Q1 of FY24. During the quarter, ICICI Bank's fee income grew by 13.4% YoY to Rs 5,490 crore in Q1. Fees from retail, rural, business banking, and SME customers constituted about 78% of total fees. The NII of the bank was in line with ET Now poll estimates while PAT was above expectations. Here is how analysts viewed the quarterly results: Morgan Stanley: Overweight| Target price: Rs 1,500 The global brokerage firm has maintained an overweight call on ICICI Bank and hiked the target price to Rs 1,500 vs Rs 1,400 The delivery...

[hfe_template id='11223'] [ad_1] ET Intelligence Group: The S&P BSE Sensex took over four and a half months or 139 days to be precise to cover the distance between 70,000 and 80,000 points on an intraday basis. The journey of 10,000 points was skewed by a handful of stocks --- five out of the 30 stocks contributed over half or 5,646 points while the top two contributors added nearly one-third to the rally. Reliance Industries was the top contributor adding 1,927 points. The country’s largest company by revenue and market capitalisation gained 26.3% since December 11, 2023 when the Sensex had touched 70,000 for the first time. It was followed by Mahindra and Mahindra, which contributed 1,050 points and earned robust 74.2% returns during the period helped by upbeat demand for its passenger cars. ET Bureau ICICI Bank came third with a contribution of 963.5 points, yielding 18.5% returns amid improving asset quality and net interest margin. Bharti Airtel and State bank o...