Mon, Jan 06, 2025
In a highly volatile market, amid lingering concerns that the forthcoming third quarter earnings could be muted for several sectors due to weak government spending and subdued demand, investors especially the FIIs are offloading Indian equities.
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In a highly volatile session amid fears around the HMPV virus, Indian equities tumbled sharply in Monday's session. At the close, Sensex ended with a cut of 1.59 per cent at 77,964.99, while the Nifty slumped 1.62 per cent or 388.7 at 23,616.05.
Tue, Jan 23, 2024
HDFC Bank shares touched a fresh 52-week low in early trade on Jan 23 extending their post-Q3 earnings slump. The stock fell 1.26% to Rs 1,459.95, further entering oversold territory with an RSI of 24.5. This follows a 10% drop last week after the bank reported its December 2023 results. Market cap dropped to Rs 11.12 lakh crore despite a broader market rally. Analysts' views are mixed, with CLSA maintaining a buy rating while acknowledging investor concerns.
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