The market capitalisation (mcap) of HDFC Bank advanced Rs 23,900.84 crore to Rs 9,25,188.45 crore and that of Bharti Airtel climbed Rs 10,432.23 crore to Rs 4,42,015.45 crore.The valuation of Hindustan Unilever went up by Rs 7,988.61 crore to Rs 6,21,678.35 crore and that of HDFC gained Rs 6,503.28 crore to Rs 4,92,313.07 crore.

The NSE Nifty index closed 243.65 points up at 17854.05

Investors wealth increased about Rs 91,742 crore as the total market capitalization of BSE-listed firms surged to Rs 266.64 lakh crore

The NSE Nifty index was trading 20.7 points up at 17631.1

The NSE Nifty index was trading 26.3 points up at 17636.7

From the Sensex pack, ICICI Bank and Tata steel were the top gainers, rising over 2%. ITC, HDFC Bank, L&T, TCS, HDFC and Kotak Bank closed with gains

Had it not been for Adani Enterprises and Adani Ports, both of which are part of Nifty and not Sensex, weighing down the 50-share barometer, the index too would have ended on a positive note. Adani Enterprises, which ended 26.7% lower on NSE, contributed 49 points to the index's downfall. On the other hand, Adani Ports which ended 17.7% lower contributed another 18.6 points.

The brokerage expects AUM growth of 16.4% (from 14.7% in FY22) to Rs 7.2 lakh crore. With more than 4.5% QoQ growth in individual AUM, it expects HDFC to register >20% YoY growth while non-individual loans will also see positive low-single digit growth YoY.

The Nifty Bank index surged 3% to 41865.75. Shares of Axis Bank, Bandhan Bank, HDFC Bank, IndusInd Bank, Kotak Mahindra Bank, and ICICI Bank rose between 1-4% each.

So, over the short to medium term, the Indian rupee is about to follow its own financial alphabetical order. For now, lets keep the first alphabet A aside, and check out the next in the orders.

January has been a pretty bad month for India from the index standpoint and also from FIIs flows. The whole banking sector leadership which was there and driving the markets till December has taken a little bit of knock in Jan.

“If we look at the Quant Fear Index, in the last two or three days, when this fall unfolded in a big way, it did not spike up to that extent to say reversal. It can settle down in the next few trading sessions. We are closer to that event which means the downside may not be very significant from the current levels.”

“On Friday, we saw a fair bit of selloff in a lot of consumer discretionary names as well as some of the names across telecoms and other sectors. I would think that this is a good time to buy into some of these names for investors wanting to play the Budget or probably look at slightly more medium term beyond the Budget.”

"It is widely acknowledged that India remains at risk tactically because of the need to fund increased positions in China but there is widespread agreement that India remains the best long-term equity story in the Asia and emerging market context. To deal with this conundrum, investors seem to be reducing exposure to high PE Indian consumer discretionary stocks rather than reducing core bank holdings. This makes sense to GREED & fear, most particularly as Indian banks are looking cheap relative to the Indian market."

"I am a Nifty Bank option seller but whenever I find momentum in Nifty, I buy Nifty futures. The strategy there is to hold for 2 months. Sometimes if the market is trending, you may not get anything by selling options. Then you have to sell in the money option or buy options with the right position sizing. Mostly, in a mild market, non-directional option selling works. But if the market is trending, then I am ready to go in futures or option buying as well."

“Friday was a good day and over the next few days, any investor with a time horizon of one year and above can go and buy into these stocks because these companies are doing well and will continue to do well. The banks clearly stand out in that sense because they are down pretty sharply today. "

“The trend is firmly down and the nearest important level for me is 17,428 on the Nifty spot. So, if the market sprints to 17,428 not even a close just a print, it will confirm and extinguish all remaining hopes for the bulls that the market is headed for below the June 2022 low.”

“One can have an asset allocation attitude but I do not see outside its risks in equities just now and also sentiment is a contra-indicator. When there is uncertainty, when people think things are going wrong, the next period returns are above average. One just compounds bad decisions by going with the flow and how everybody is feeling.”

The 30-share index was trading 535 points or 0.89% lower at 59,669 at around 9.20 AM. Similarly, Nifty50 was trading at 17,769, down 122 points or 0.68%.

Banks have benefited largely due to a quick rate transmission under the external benchmark regime and will lose out on net interest margin (NIM) growth in the coming quarters as they are forced to increase deposit rates to fund credit growth here on

On January 25, Indian rupee closed 13 paise higher at 81.59 per dollar against Tuesday's close of 81.72.

The NSE Nifty index closed 226.35 points down at 17891.95

Dynacons Sys, Lambodhara Text, Shreeoswal Seeds, Upsurge Seeds of Agriculture Ltd. and Servotech Power Syst, hit their fresh 52-week highs during the day.

Adani Ports SEZ, IndusInd Bank, SBI, HDFC Bank and Cipla were among the top losers on NSE in today's trade.

The NSE Nifty index closed 226.35 points down at 17891.95

When it comes to banks, we are dealing with the problem of plenty. What is happening is that most of the banks are delivering good numbers and the issue is because of the over ownership.

“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Markets continued to remain indecisive, and this is the typical characteristic of the consolidation phase. Niftys broader trading band of 17,800-18,300 remains intact, hence decisive breakthrough above 18,300 is essential to regain required momentum on upside,” said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, YES Securities.

The NSE Nifty index closed 0.25 points down at 18118.3

The BSE Sensex index ended 37 points or 0.06% higher at 60,979, while Nifty50 closed at 18,118

The NSE Nifty index was trading 31.15 points up at 18149.7