Sensex slipped 53.49 points and Nifty remained flat on Tuesday as profit booking in financials offset optimism from U.S.-China talks and RBI support, with selective buying in IT and pharma.
The rate cut cycle - kicked off early this year - will continue for some time. There is no denying the fact that this will lead to lower interest rates on home loans,
Indias banking sector saw a mixed Q4FY25, with private banks lagging and small/mid-sized banks outperforming. ICICI and HDFC Bank posted healthy profits, while SBI and Kotak disappointed. Public sector banks reported strong PAT growth. Analysts expect double-digit earnings growth in FY26, with multiple brokerage buy calls on leading banks.
The Indian market failed to hold the momentum and closed in the red on Friday. The BSE Sensex fell nearly 200 points while the Nifty50 closed below 24,800 levels. Market Summary
Aditya Agarwala, head of research and investments at Invest4edu, has identified Indian Bank and One 97 Communications Ltd. as his top stock picks on Monday. Agarwala has suggested buying Indian Bank with a target price of Rs 665 and put a stop loss as Rs 590.
Analysts recommended Aditya Birla Capital Ltd., Godrej Properties Ltd., One 97 Communication Ltd., Indian Bank Ltd., and State Bank of India for Monday's session.
Banks' mutual fund investments jumped 91% year on year to Rs 1,19,863 crore as on March 21, 2025, from Rs 62,499 crore on March 22, 2024, data from the Reserve Bank of India (RBI) bulletin showed. Banks MF investments had grown 28% in the previous year.
Nifty is expected to consolidate this week. It will face resistance around 25,100-25,150 zone. A breakout could lead to 25,500-25,700 levels. Support is seen at 24,500-24,600. Analysts suggest accumulating quality stocks on dips. Sectors like financials and infrastructure are in focus. RBI policy and earnings season conclusion will influence market volatility. PSU banks and realty may outperform.
Round-tripping involves transferring money between companies without any genuine exchange of goods or services — the only aim being to inflate revenue figures for investor consumption. Between 2021 and 2024, Builder.ai and VerSe Innovation reportedly exchanged invoices in round-tripping. Last month, Builder.ai said it planned to file for bankruptcy after one of its key lenders, Viola Credit, seized $37 million from its accounts.