Latest news with #NiftyPrivateBank
Business Standard
22-07-2025
- Business
- Business Standard
Sensex gains 116 pts; private bank shares advance
The key equity indices traded with small gains in the morning trade. However, investor sentiment remained cautious, with uncertainty surrounding the upcoming August 1 deadline for a potential US trade agreement keeping market participants on edge. The Nifty traded above the 25,100 level. Private Bank shares gained for a second day in a row. At 10:30 ST, the barometer index, the S&P BSE Sensex, rose 115.72 points or 0.12% to 82,316.07. The Nifty 50 index rose 14.05 points or 0.06% to 25,104.75. In the broader market, the S&P BSE Mid-Cap index shed 0.44% and the S&P BSE Small-Cap index rose 0.01%. The market breadth was positive. On the BSE, 1,898 shares rose and 1,672 shares fell. A total of 209 shares were unchanged. Buzzing Index: The Nifty Private Bank index added 0.26% to 27,953.95. The index rallied 1.52% in the two trading sessions. ICICI Bank (up 0.63%), Axis Bank (up 0.58%), HDFC Bank (up 0.41%), Federal Bank (up 0.06%) added. On the other hand, IndusInd Bank (down 0.9%), Bandhan Bank (down 0.83%) and IDFC First Bank (down 0.78%) edged lower. Result today: United Breweries (up 0.57%), Aurionpro Solutions (down 0.15%), Blue Jet Healthcare (down 0.40%), Colgate Palmolive (India) (down 0.74%), CreditAccess Grameen (down 0.78%), Cyient DLM (down 0.01%), Dalmia Bharat (up 2.88%), Dixon Technologies (India) (down 0.58%), Goodluck India (down 0.01%), Huhtamaki India (up 0.67%), Ideaforge Technology (up 0.26%), IRFC (down 1.53%), JSW Infra (up 0.38%), Kajaria Ceramics (up 0.31%), KEI Industries (up 1.13%), Kirloskar Pneumatic Company (up 0.60%), Mahindra & Mahindra Financial Services (down 0.98%), Mahanagar Gas (down 1.20%), One 97 Communications(Paytm) (up 2.63%), Shyam Metalics and Energy (up 0.50%), SML Isuzu (up 0.24%), VST Industries (down 0.49%), Zee Entertainment (down 1.34%) will declare their result later today. Stocks in Spotlight: Dr. Reddys Laboratories shed 0.98%. The company announced that its Active Pharmaceutical Ingredient (API) manufacturing facility in Middleburgh, New York, has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (USFDA). Oberoi Realty declined 1.37% after the company reported a 27.9% decline in consolidated net profit to Rs 421.25 crore on 29.7% fall in net sales to Rs 987.55 crore in Q1 June 2025 over Q1 June 2024. B. L. Kashyap and Sons jumped 1.43% after the company announced that it has secured an order worth Rs 910 crore from BPTP.
Business Standard
18-07-2025
- Business
- Business Standard
Quick Wrap: Nifty Private Bank Index registers a drop of 1.46%
Nifty Private Bank index closed down 1.46% at 27534.5 today. The index has lost 1.00% over last one month. Among the constituents, Axis Bank Ltd fell 5.22%, RBL Bank Ltd slipped 1.95% and HDFC Bank Ltd dropped 1.48%. The Nifty Private Bank index has increased 5.00% over last one year compared to the 0.68% spike in benchmark Nifty 50 index. In other indices, Nifty Bank index has slid 0.96% and Nifty Media index increased 0.96% on the day. In broad markets, the Nifty 50 has declined 0.57% to close at 24968.4 while the SENSEX has declined 0.61% to close at 81757.73 today.
India Today
18-07-2025
- Business
- India Today
Sensex ends over 500 points lower, Nifty below 25,000; Axis Bank falls 5%
Benchmark indices closed sharply lower on Wednesday, dragged down by a sell-off in banking and IT stocks following a weak start to the earnings S&P BSE Sensex fell 501.51 points to close at 81,757.73, while the NSE Nifty50 slipped 143.05 points to end the day at 24,968.40, breaching the psychological 25, market indices also mirrored the weak sentiment and high volatility on Dalal Banking stocks were hurt by a sharp drop in shares of Axis Bank after it posted its Q1FY26 results. The shares of private lender settled over 5% lower and the Nifty Private Bank index fell nearly 1.5%.'A broad-based sell-off was observed in the national market amidst a disappointing initial set of earnings from the finance and IT sectors,' said Vinod Nair, Head of Research at Geojit Financial added that high valuations in large-cap stocks and significant FII short positions have made investors more around India's trade ties with Russia, following tariff threats, further added to the uncertainty. However, Nair remains positive on India's medium- to long-term prospects, underpinned by low inflation and a supportive monetary policy stance.- Ends
Economic Times
18-07-2025
- Business
- Economic Times
Why stock market is down today: Sensex falls over 600 pts, Nifty slips below 25,000; 5 reasons behind the drop
Why Stock Market is Falling Today: All major sectors, except metals, were in the red. Financials led the decline, with Axis Bank, HDFC Bank, and Kotak Mahindra Bank dragging the Nifty Private Bank index down. Stock Market Crash Today: Indian markets experienced a sharp decline on Friday, with the Sensex and Nifty50 falling due to FII selling, Axis Bank's disappointing earnings, and Citi's downgrade of Indian equities. Global uncertainties surrounding US Fed policy and rising oil prices further contributed to the negative sentiment. Financial stocks were particularly hard hit, leading the broad-based market weakness. Tired of too many ads? Remove Ads Here are five key reasons behind the fall: 1. FIIs Turn Negative in July Tired of too many ads? Remove Ads 2. Axis Bank's Earnings Miss Spooks Financial Sector 3. Citi Downgrades India to 'Neutral' Tired of too many ads? Remove Ads 4. Uncertainty Over US Fed's Next Move 5. Rising Oil Prices Indian benchmark indices declined sharply on Friday, dragged by selling in financial stocks, weak earnings, and cautious global sentiment. The Sensex fell over 600 points intraday, while the Nifty50 breached the 25,000 mark amid broad-based 11:54 am, the BSE Sensex was down 553 points, or 0.67%, at 81,706, and the Nifty50 slipped 153 points, or 0.60%, to 24,959. The total market capitalisation of BSE-listed companies declined by Rs 2.13 lakh crore to Rs 458.74 lakh major sectors, except metals, were in the red. Financials led the decline, with Axis Bank HDFC Bank , and Kotak Mahindra Bank dragging the Nifty Private Bank index down 1.36%. Auto, FMCG, Financial Services, and Pharma indices also saw broader market was weak too, with the Nifty Midcap100 and Smallcap100 shedding over 0.5% institutional investors (FIIs), who had supported the Indian market with strong inflows in May and June, have turned net sellers so far in July. This reversal in trend reflects growing caution amid global uncertainties, elevated valuations, and a shift in risk May, FPIs were net buyers to the tune of Rs 19,860 crore, followed by inflows of Rs 14,590 crore in June. However, in the first half of July, they have pulled out Rs 2,660 crore from Indian equities, raising concerns about sustained market strength at current levels."In July, so far, India has been underperforming most markets, with a dip of 1.6% in Nifty. A significant contributor to the decline is the selling by FIIs. There is a clear pattern in FII activity this year so far. They were sellers in the first three months. For the next three months, they turned buyers. And in the seventh month the trends so far indicate further selling unless some positive news reverses the downtrend in the market," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited."Along with selling in the cash market, FIIs have been increasing short positions in the derivatives market too, which reflects a bearish outlook. Elevated valuations in India and cheaper valuations in other markets will continue to influence FII activity," Vijayakumar added.A surprise drop in Axis Bank's quarterly profit due to higher provisions triggered sharp selling in financial stocks. Axis Bank shares fell 6%, making it the biggest laggard on the disappointment spread across the sector, with HDFC Bank, Kotak Mahindra Bank, SBI , and ICICI Bank also falling. Together, these five lenders contributed around 310 points to the Sensex's overall downgrade of Indian equities from 'overweight' to 'neutral' also dampened investor sentiment.'India remains the most expensive market, trading at 23x forward earnings, above peers and its historical average,' Citi said. It cited stretched valuations and a moderation in earnings growth expectations as key reasons for the Citi remains positive on India's macro outlook, it prefers selective sectors like banks, NBFCs, healthcare, and telecoms, while staying cautious on IT, metals, and consumer sentiment also turned cautious after conflicting signals from US Federal Reserve officials. While Governor Christopher Waller said he expects a rate cut later this year, most officials have pushed back on the idea of an imminent now see almost no chance of a rate cut in the July 30 meeting, and only a 62% probability in September — adding to the risk-off oil prices rose sharply following drone attacks in northern Iraq that shut down half of Kurdistan's oil crude traded at $69.48 per barrel, and WTI at $67.51. This spike in oil prices has renewed concerns over input cost pressures, especially for oil-importing countries like India.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
17-07-2025
- Business
- Economic Times
Nifty Private Bank Index Fund: Growth backed by interesting return profile
Live Events Performance behind the scenes Low risk, strong core Decoding Nifty Private Bank index Why consider this investment Let's say you want to invest in the power of private banking, but without picking individual stocks or tracking performance manually. An index fund tracking the Nifty Private Bank Index offers: (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel From the warmth of a grandmother's savings to the ambition behind a young entrepreneur's loan, private sector banks in India are at the heart of countless life-changing Nifty Private Bank Index Fund offers a simple, structured, and low-cost way for investors to participate in this quiet yet powerful banking sector has long played a pivotal role in shaping the country's $4-trillion economy. From facilitating credit to expanding access for the underserved, it serves as the lifeblood of financial inclusion and economic Reserve Bank of India's recent liquidity measures are expected to unlock Rs 2.9 lakh crore (about $35 billion), further propelling credit growth Private sector banks are not just participants in India's growth story—they are clear they account for 28% of the Nifty 50's index weight, they contribute a larger 37% share of its profits. This reflects their superior efficiency, stronger balance sheets, and relentless focus on numbers speak for themselves. Net Interest Income (NII) for private banks has seen a staggering rise over the past two decades. They grew steadily from less than Rs 25,000 crore in FY05 to over Rs 350,000 crore by FY25. This isn't just a reflection of loan books, it reflects growing trust, operational scale, and improved Interest Margins (NIMs), a critical efficiency marker, have also remained healthy, sustaining a level above 4% in recent depositors, borrowers, and investors vote with their feet, private banks have gained share in the loan market, from 13% in FY05 to 36% in FY25, and deposit market, where share expanded from 11% to 32% over the same growth dazzles, risk matters. Private banks score well on this count too. Capital adequacy, a buffer that protects banks during downturns, is at an all-time high of 17.29% in FY25, comfortably above the RBI's regulatory threshold (11.7%).Meanwhile, net Non-Performing Assets (NPAs), those numbers that reflect asset quality, are at a 10-year low of just 0.50% compared to post-Covid stressful times of 1.92%. In simple terms, these banks are not just growing, they're also doing so 10-stock Nifty Private Bank Index is a sectoral benchmark that reflects the performance of India's leading private banks. Constituents are selected from the Nifty 500 and ranked based on market capitalisation, with weight caps to avoid over-concentration. Each stock weight is capped at 23%, and the top three combined cannot exceed 62% at rebalancing done index includes household top private bank names. Together, they represent a mix of scale, innovation, and regional a P/E of 17.6 and P/B of 2.4, the Nifty Private Bank index appears reasonably valued compared to Nifty 50, which trades at a P/E of 22.3 and P/B of 3.62. For long-term investors, that valuation gap could hint at potential to Rs 1,000 in April 2005, the Nifty Private Bank Index has surged to Rs 32,683 by June 2025, translating to a 20-year CAGR of over 18.6%, compared to 14.4% for Nifty 50. Over rolling 3- and 5-year periods too, the index has consistently delivered better returns, proving its strength across market every year is a win, but in 6 out of the last 10 calendar years, the index has outperformed the broader market.1) Broad exposure to leading private banks.2) Low cost, since it passively mirrors the index.3) Minimum investment starting at Rs 1,000, making it accessible to everyday investors.4) Systematic investment options, helping build long-term wealth slowly but don't need a demat account. You don't need to monitor markets daily. What you need is a quiet commitment to your future, and to the silent powerhouses that keep India's economy ticking. Take part in the growth behind every swipe of a card, every EMI paid on time, and every SIP transaction made possible by private banks.(The author is Principal - Investment Strategy, ICICI Prudential AMC): Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
