Are ICICI Bank shares worth buying now? Anshul Saigal's view on current valuations
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Time of India
4 hours ago
- Time of India
Top 10 firms' m-cap: 5 of top-10 companies add Rs 60,676 crore in value, SBI and HDFC Bank lead gains
Five of the country's 10 most valued companies added Rs 60,675.94 crore to their market capitalisation last week, with State Bank of India (SBI) and HDFC Bank emerging as the biggest winners in line with the positive momentum in equities. In the holiday-shortened week, the Sensex gained 739.87 points or 0.92 per cent, while the Nifty advanced 268 points or 1.10 per cent, PTI reported. Among the top-10 pack, Reliance Industries , HDFC Bank, Bharti Airtel, SBI and Infosys recorded valuation gains, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, Life Insurance Corporation of India (LIC) and Bajaj Finance witnessed erosion. SBI saw the sharpest jump, with its market capitalisation rising Rs 20,445.82 crore to Rs 7,63,095.16 crore. HDFC Bank's valuation climbed Rs 14,083.51 crore to Rs 15,28,387.09 crore. Infosys added Rs 9,887.17 crore to reach Rs 6,01,310.19 crore, Bharti Airtel advanced Rs 8,410.6 crore to Rs 10,68,260.92 crore, and Reliance Industries rose Rs 7,848.84 crore to Rs 18,59,023.43 crore. On the losing side, LIC's valuation fell by Rs 15,306.5 crore to Rs 5,61,881.17 crore, followed by Bajaj Finance, which slipped Rs 9,601.08 crore to Rs 5,35,547.44 crore. ICICI Bank's market value dropped Rs 6,513.34 crore to Rs 10,18,982.35 crore, TCS fell Rs 4,558.79 crore to Rs 10,93,349.87 crore, and Hindustan Unilever dipped Rs 3,630.12 crore to Rs 5,83,391.76 crore. Reliance Industries remained the most valued firm by market cap, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC and Bajaj Finance. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Mint
5 hours ago
- Mint
Mcap of 5 of top 10 most valued firms surge by ₹60,676 crore; SBI, HDFC Bank biggest gainers
The combined market capitalisation of five of the country's top-10 most valued companies rose by ₹ 60,675.94 crore last week, with State Bank of India (SBI) and HDFC Bank leading the gains, supported by an overall positive sentiment in equities. In the holiday-shortened week, the Sensex advanced 739.87 points (0.92%), while the Nifty gained 268 points (1.10%). Among the top-10 firms, Reliance Industries, HDFC Bank, Bharti Airtel, SBI, and Infosys recorded an increase in valuation. In contrast, TCS, ICICI Bank, Hindustan Unilever, LIC, and Bajaj Finance saw their market capitalisation decline. SBI's valuation jumped the most, rising by ₹ 20,445.82 crore to ₹ 7,63,095.16 crore, followed by HDFC Bank, which added ₹ 14,083.51 crore to reach ₹ 15,28,387.09 crore. Infosys gained ₹ 9,887.17 crore, taking its valuation to ₹ 6,01,310.19 crore. Bharti Airtel's mcap climbed ₹ 8,410.6 crore to ₹ 10,68,260.92 crore, while Reliance Industries increased ₹ 7,848.84 crore to ₹ 18,59,023.43 crore. On the other hand, LIC's valuation fell the most by ₹ 15,306.5 crore to ₹ 5,61,881.17 crore. Bajaj Finance shed ₹ 9,601.08 crore to ₹ 5,35,547.44 crore, ICICI Bank dropped ₹ 6,513.34 crore to ₹ 10,18,982.35 crore, TCS slipped ₹ 4,558.79 crore to ₹ 10,93,349.87 crore, and Hindustan Unilever dipped ₹ 3,630.12 crore to ₹ 5,83,391.76 crore. Despite the mixed trend, Reliance Industries remained the most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
Economic Times
5 hours ago
- Economic Times
The Barbell Advantage: Positioning for stability and opportunity in Indian fixed income
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The global fixed income backdrop is shifting as the US Federal Reserve looks poised to deliver its first rate cut of the current cycle this September. Markets place the odds of a 25 basis point cut at nearly certain levels, with the target fed funds range expected to move from 4.25–4.50% down to 4.00–4.25%.With signs of slowing labour markets, muted inflation pressures, and the potential for up to three cuts before the end of the year, this marks a clear pivot from the Fed's long pause since December US yields have moved materially, Indian bond yields have tended to react, largely via sentiment and capital easing cycles in the US have often led to benign moves in Indian yields, though the scale and speed vary depending on domestic now, the global shift towards easing, if sustained, can encourage flows into emerging market debt such as India's — a factor that can help anchor local yields, especially in the absence of major fiscal Indian bonds have held up in the face of global volatility. The RBI has already front-loaded policy easing since February, cutting the repo rate by a cumulative 100 basis points to 5.50%.This was complemented by large liquidity support, with a further 100 basis point CRR cut to be phased in from September to November, adding approximately INR2.5 lakh crore of liquidity into the banking has been running below the 4% target, with CPI in July printing at just 1.55%, though the RBI's projections point towards a gradual climb, crossing 4% in early forecasts remain steady at 6.5% for FY26, supported by rural consumption recovery and government-led capital expenditure As many market participants have also observed, the local yield curve has steepened in recent months, especially between the 10-year and 15-year maturities, as limited 10-year supply and cautious sentiment have pushed intermediate yields bonds have been relatively more stable. This steepening has occurred even though the underlying global and domestic macro backdrop arguably favours a constructive duration fixed income investors, the next 12–18 months seem to offer opportunities at both ends of the maturity spectrum. In the near term, credit spreads in high quality corporate bonds remain stable and 1–5 year AAA-rated corporate bonds with short-duration accrual strategies can deliver steady income while benefiting from the downward drift in short-term rates as CRR cuts inject part of the portfolio plays defence while locking in yields that may compress other leg of positioning is to maintain core exposure to long-duration government bonds , particularly in the 14–15-year segment and selectively at the very long steepening at the longer end seems to be overdone relative to fundamentals, and a normalisation of sentiment or moderation in supply could see spreads Fed easing and global growth softness push US and Indian yields lower, this part of the book stands to benefit from capital this barbell approach — accrual-oriented short duration plus strategic long duration — aligns with an outlook where local rates are near the end of their easing cycle but global conditions remain supportive for RBI may hold through October and consider one final 25 basis point cut in December, but even without it, abundant liquidity and anchored inflation expectations should keep yields remain — from renewed inflation pressures, higher long-bond supply, or global shocks — but the balance of probabilities favours a stable to stronger bond market therefore, can use the current steepness in parts of the curve to add duration selectively while earning carry from shorter corporate a patient strategy for a cycle that appears closer to its bottom in India yet is still in its early stages globally.(The author is Managing Director and Head of Investment Strategy & Solutions, Waterfield Advisors.)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
