The bank is running super smooth and everything is good but really if you press me to say that okay what was the issue, the issue was mainly I can say that bank had very low operating profit. You merged a domestic financial institution with a company so operating profit of the bank is very low.

Yes Bank CEO Prashant Kumar on Saturday said that the bank will challenge the high courts decision while adding that there is no compulsion on the bank to pay interest on or redeem its AT- 1 bonds. He said this while speaking with analysts on Saturday soon after the announcing quarterly results.

​So, I would think that Kotak Bank results were good, its value of subsidiaries expanded but it is still more expensive than the other banks. With respect to ICICI Bank results, it was difficult to find out anything negative except for the lower deposit growth vis-a-vis credit growth and as they try to gain more deposits how that impacts their margins that is something we need to see.

Surpassed its hurdle of 86 zones & making higherhighs-higher lows from the last 3 weeks.

The bank, which was created by the demerger of the infrastructure lending business of IDFC to IDFC Bank in November 2015, continued to wind down infrastructure financing and reduce single borrower exposure as per stated strategy.

​So my view is cautious because on every higher side we are facing a strong resistance. Coming towards the Bank Nifty, as of now till the time the Bank Nifty is holding its strength on the higher side it is facing a very strong resistance at around 42,800 to 42,600 levels.

Now, the Nifty50 has to hold above 17850 zones for an up move towards 18050 and 18123 zones whereas supports are placed at 17850 and 17777 zones,” recommends Taparia.

IDFC has broken out from a “Bullish Flag and Pole”pattern indicating revival of bullish sentiments.i

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17900 and then towards 17800 strikes. Call writing is seen at 18200 then 18000 strikes while Put writing was seen at 17800 and then towards 17900 strikes.

The capital contributed to the AMC should be locked-in for a period of 5 years. Further, the minimum sponsor stake of 40 per cent should also be locked in within the same period of five years.Apart from meeting alternate eligibility routes, the regulator has suggested additional criteria as well as safeguards that would be applicable for PEs to qualify as a mutual fund sponsor.

We will work on our plans of dollar bond issuance and would want to issue these notes in February-March," said the official, requesting anonymity as they are not authorised to speak to the media.While the plan for raising dollar debt is "definitely on," details such as the quantum and tenor will be worked out in February, the official added.

“Coming to the IT sector, there will be differentiation in a lot of IT companies in terms of which companies are really adding value, seeing vendor consolidation and managing how they are able to get the freshers because that takes two to three quarters and addresses other supply side pressures.”

"In money management, being independent is very important. Having an independent thought process is very important because most often we invest like a crowd or like a herd and herds in the long term do not make money. Retailing independence is important, independence comes from asking the right questions and this particular experience sometime in the year 2000 or 2001 was a very important starting point for me in the journey of asking the right questions about anything and everything."

“We also like some industrials and manufacturing plays in the midcap space, in defence, in textiles and partially in industrial gases. We track this very closely and we are also tracking some NBFCs which have been a little out of favour because the market believes that the cost of borrowing for NBFCs is up and banks have an advantage but there are some NBFCs like Poonawalla where we are seeing the cost of borrowings drop by almost 2.5%.”

The board of the company will meet to consider and approve the proposal for issuance of non-convertible debentures by way of private placement in one or more tranches.

“Banking still remains an interesting space because historically the rise in interest rates are followed by rising NPAs. We have to look at it from pre-2015 before the AQR and IBC was launched and post 2015 when over the past five years all incremental lending has gone to retail. So to that extent, this space is unlikely to see a huge blow out like we saw with the previous rising cycle ”

Margin calls become inevitable when there is a shortfall in the minimum deposit that traders must maintain with brokers in borrowed trades.

Officials close to the development said internal approvals are in and Tata has received in-principle nod from the other big investor in the AMC - global investment management firm T Rowe Price Group, which holds around 23%.

“Among private sector banks, we continue to be overweight on both ICICI Bank and HDFC Bank and among PSBs, SBI. In midcap, we have IDFC in our portfolio. We are also adding more weight to some of the defence bets. We are looking more at defence and defence auto ancillaries.”

The momentum is intact and the Friday's correction is on expected lines given the consistent uptrend in the past. Hence, once the current consolidation ends, the Nifty50 is expected to resume upward journey once again towards 18,900-19,000 levels in coming days, with crucial supports at 18,500-18,300, experts said

The Reserve Bank of India and Competition Commission of India had already approved the takeover.

Tata Motors | Buy | Target Price: Rs 445 | Stop Loss: Rs 425 | A long position can be initiated in the range of Rs 427-430 for the target of Rs 445 with a strict stop loss of Rs 425.

“We might see a bit of a cool off but capex as a theme is here to stay for another two to three years. If you see any correction in these names – be it Siemens, ABB, L&T and the bearing companies etc. One should really look out for buying opportunities there as the cycle is looking quite positive.”

We have collated stocks from various experts for traders who have a short-term trading horizon.

According to the new business statement for October published by the Insurance Regulatory and Development Authority of India (IRDAI), Bajaj Allianz is the fifth-largest private life insurer in terms of total market share, behind SBI Life, Max Life, HDFC Life and ICICI Prudential Life.

Going by the improvement seen in 1HFY2023, we do not see this derailing anytime soon,said Manish Jeloka, co-head of products and solutions at Sanctum Wealth Management. Given that Q3 is the strongest in terms of seasonality, we expect the momentum to sustain.

“One bank in the midcap space that we have been tracking is IDFC First. They have transformed the lending book. It is now 70% retail; the legacy infra book now is only 4%. In the next two-three years, their legacy cost, high cost deposits are maturing and that will be replaced by lower deposits. We also like City Union. These are the two banks in the midcap space for us.”

“One has to live with the volatility in new age tech stocks and ride out these particular pain points. I have always maintained that these companies should be bought as a basket and one should have a small portion of them in the portfolio.So play in a conservative manner and hope that if you get even one or two of these stocks right, they can turn out to be multibaggers over the next five-ten-year period,” says Dipan Mehta

“We might see a pullback of maybe 10, 15, 20% in the new age stocks because they are high beta companies but we do not see them as companies where you can see a meaningful growth in stock prices or financial performance. So trade with caution and trade for maybe a 10, 15, 20% move. Thats about it.”

“We might see a pullback of maybe 10, 15, 20% in the new age stocks because they are high beta companies but we do not see them as companies where you can see a meaningful growth in stock prices or financial performance. So trade with caution and trade for maybe a 10, 15, 20% move. Thats about it.”

The merger will give IDFC First bank access to nearly ₹4,000 crore of capital, a bulk of which came from IDFC Ltd selling its mutual fund business to Bandhan Bank. IDFC Ltd shareholders are likely to benefit from the clean-up of the bank's balance sheet and the groundwork laid for the retail loans growth take-off.

In value terms, HDFC MF added IndusInd Bank shares worth Rs 378 crore, followed by DSP MF at Rs 80 crore and Franklin Templeton MF at Rs 73 crore.

The S&P BSE Sensex fell 170 points while Nifty50 held on to 18,300 levels on Monday.

"The Indian technology stocks will not fall as much as the global technology stocks did in the Nasdaq carnage. So they held up pretty well. If they held up pretty well, then on the upside also their performance has to be moderate. So that is where we are. There is too much correlation built on day-to-day rupee dollar movement for IT stocks, which is not the right way to look at it."

Due to the continued resilience shown by the banking index, the futures open interest has been relatively lower in Bank Nifty, and fresh shorts were not seen during the week. However, stock-specific significant Call writing positions are visible among PSU and private sector heavyweights. Hence, we may see limited upsides in this pack.

IDFC Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 12189.25 Crore) operating in Term Lending Institutions sector.

IDFC Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 12189.25 Crore) operating in Term Lending Institutions sector.

IDFC Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 12189.25 Crore) operating in Term Lending Institutions sector.

"The partnership between IRFC and IIFCL is a step towards realising Prime Minister Narendra Modi's vision of making India a USD 5 trillion economy by 2025. This symbiotic relationship between two premier financing institutions would play a pivotal role in providing impetus towards development of railway infrastructure in the country," Banerjee told reporters.

Asian stocks opened lower on Wednesday after a mixed close on Wall Street following the IMF's downcast economic outlook, with investors remaining cautious about the impact of inflation.