Stocks to buy today: After dipping over 11 per cent in last one and half months, Nifty Banking index has come to an attractive PE multiple of 17.64 that has gained attention of the Dalal Street observers. According to stock market experts, after the pull-back rally on Tuesday session, Bank Nifty has got strong support at 33,000 levels and it may go up to 35,500 levels in short term. Banking stocks...

Axis Bank will acquire US-based Citi's consumer business in India for Rs12,325 crore in one of the largest deals in the Indian financial services space, in a bid to bulk up its credit card and retail businesses, and help close the gap with larger peers like ICICI Bank and HDFC Bank. Shares of Axis Bank have outperformed by rising about 10% in 2022 (YTD) so far as compared to a 2% rise in Nifty Ban...

The Budget 2022–23 will have to be a balancing act—supporting recovery while maintaining fiscal prudence, as per Edelweiss, as domestic recovery has been uneven/split so far and needs policy support. Besides, India is preparing for inclusion in the global bond indices soon, which warrants fiscal prudence, hence, it expects a modest consolidation in FY23.The brokerage and research firm Edelweis...

Indian stock markets continued to scale new highs today with Sensex surging over 400 points to 59,550 while the broader Nifty approached 17,500 in the opening session. Banking stocks led the gains with Nifty Bank index hitting a new high of 38,045. Among the banking stocks, Kotak Mahindra Bank, Axis Bank  and HDFC Bank led the gains. Analysts have turned bullish on banking stocks after their unde...