The NSE Nifty index closed 287.6 points down at 17604.35

The NSE Nifty index closed 287.6 points down at 17604.35

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

DRS Dilip Roadlines, Radhika Jeweltech, Lambodhara Text, Servotech Power Syst and Upsurge Seeds of Agriculture Ltd., hit their fresh 52-week highs at 10:04AM.

ICICI Direct is bullish on IndusInd Bank recommended buy rating on the stock with a target price of Rs 1450 in its research report dated January 19, 2023.

KR Choksey is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1550 in its research report dated January 20, 2023.

HUL, Asian Paints, JSW Steel, Nestle India and SBI Life were among the top losers on NSE.

Hisar Metal Ind, Arihant Academy Ltd., Sterling Tools, Trans & Rectif and Shreeoswal Seeds, hit their fresh 52-week highs at 11:06AM.

Amid impressive credit growth, banks remain the top pick of most brokerages despite the FII selling. On IT, however, many analysts have a cautious stance saying they expect more pain ahead due to global macro factors.

"Improvement in core performance as well as clarity on extension of CEO tenure will be key re-rating triggers for stock valuations," Jefferies said in a client note. Brokerage Avendus Spark is the most bullish. Its target price translates into a 37% upside from the current levels.

Motilal Oswal is bullish on IndusInd Bank recommended buy rating on the stock with a target price of Rs 1550 in its research report dated January 18, 2023.

Sharekhan is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1500 in its research report dated January 18, 2023.

Emkay Global Financial is bullish on Indusind Bank has recommended buy rating on the stock with a target price of Rs 1650 in its research report dated January 18, 2023.

The NSE Nifty index closed 57.5 points down at 18107.85

Anand Rathi is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1408 in its research report dated January 18, 2023.

LKP Research is bullish on Indusind Bank has recommended buy rating on the stock with a target price of Rs 1473 in its research report dated January 19, 2023.

Prabhudas Lilladher is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1500 in its research report dated January 19, 2023.

The NSE Nifty index closed 57.5 points down at 18107.85

​Bank Nifty also remains an index which is continuously hitting lower, higher lows and now there is a chance that we should see a breakout happening anytime soon.

JM Financial expects stock to rerate upwards aided by steady delivery on growth and return metrics.

The brokerage is of the view that RBIs approval for MDs term extension will be a key monitorable for the stock in the near term.

The brokerage maintains its positive view on the bank with a TP of Rs 1,408, valuing it at 1.6x P/ABV on its FY25e book.

Adani Ent., HUL, Titan Company, IndusInd Bank and UltraTech Cem. were among the top losers on NSE.

Mold Tek Tech, Chaman Lal Setia, Hisar Metal Ind, Usha Martin and Touchwood Entertainm, hit their fresh 52-week highs at 11:16AM.

The NSE Nifty index was trading 53.35 points down at 18112.0

Jefferies maintained its buy rating on IndusInd Bank post the December quarter results with a target price of Rs 1600.

The brokerage tweaks its FY23E/FY24E estimatesto factor in lower credit costs, partly offset by downward pressure on NIMs.

IndusInd Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 95085.27 Crore).

IndusInd Bank Q3: Net interest income grew by 18.5% YoY to Rs 4,495.3 crore for the quarter.

Sectorally, buying was seen in metals, capital goods, telecom, and consumer durables while selling was seen in utilities, auto and power stocks.

From the Sensex pack, Tata Steel and L&T were the top performers, rising over 2%. Wipro, HDFC Bank, HDFC, Bharti Airtel, NTPC and ITC also closed with gains

A robust loan growth of 19 percent, and 24 percent fall in provisions is likely to propel IndusInd Bank's net profit by 48 percent year-on-year for Q3FY23

I think for the auto sector, particularly passenger vehicles, the growth run continues. In between we had some challenges on the margin front and for Maruti particularly their overall product basket was not looking that good with competition coming in from the Kia and the GM and many other names. But I think in the last six months or so, if you see their product offering has been much, much better.

At the lower level stock made a double bottom and gave some pullback to make a high around 1151 levels. In the last 4-6 weeks price moved in the consolidation phase taking support of multiple bottoms and facing the resistance of multiple tops in the last two weeks with high volume price has breached the pattern and closing above indicate further upside rally.

Even as most banks have strengthened capital buffers post Covid-19, expected credit loss (ECL)-based norms could release existing provisioning for large banks such as ICICI Bank and HDFC Bank, they said, while some small private players like City Union Bank and DCB Bank may have to accelerate provision buffers and raise capital faster.

The NSE Nifty index closed 158.45 points up at 18053.3

SBI, Bajaj Finserv, IndusInd Bank, Wipro and Tata Steel were among the top losers on NSE in today's trade.

Homesfy Realty Ltd., Maan Aluminium, Speciality Rest, Indiabulls Enterprises Ltd. and Shriram EPC, hit their fresh 52-week highs during the day.

The brokerage expects healthy loan growth, coupled with stable margins and contained provisions to support profitability of the lender. However, slippages are likely to remain elevated, given residual stress recognition in CV, MFI books. The brokerage expects net interest income to grow 18% to Rs 4,468 crore.

The NSE Nifty index was trading 91.9 points up at 17986.75

Homesfy Realty Ltd., Maan Aluminium, Speciality Rest, Indiabulls Enterprises Ltd. and Jash Engineering, hit their fresh 52-week highs at 11:06AM.

Bajaj Finance, Sun Pharma, Hero MotoCorp, Tata Steel and IndusInd Bank were among the top losers on NSE.

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.

Public sector banks remained the darling of the Street as they gained by a majority. UCO Bank, Central Bank of India, Indian Overseas Bank, Bank of Maharashtra, Bank of India, Bank of Baroda, Punjab National Bank, Indian Bank, and IDBI Bank joined the gainers list.