Sat, Feb 3, 2024 2:16 PM
HDFC Bank, ICICI Bank and others to float residential mortgage-backed seat
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📌Notable gainers within the Nifty index included Apollo Hospitals Enterprise (up 1.79%), Tata Consumer (up 0.79%), Titan Company (up 0.54%), and HCL Technologies (up 0.33%). 📌Conversely, the top losers were Tata Steel (down 4.47%), Trent (down 4.23%), Bharat Petroleum Corporation (down 3.90%), Coal India (down 3.79%), and NTPC (down 3.63%).
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SBI Cards and Payment Services Ltd. has received a bullish upgrade from two leading brokerages, Nomura and Nuvama, which led to a 1.5 percent increase in the share price on January 6 at Rs 734.05. Both firms have raised their price targets for the stock, citing improving asset quality and the potential for interest rate cuts.
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Hotels and airlines stocks plunged up to 6.4% on Monday after the Indian government confirmed three cases of HMPV in the country bringing back memories of Covid-19 which had brought the sectors to a standstill. Major hospitality stocks like 📌IHCL, 📌Lemon Tree Hotels, 📌Samhi Hotels, 📌EIH and 📌EIH Associated Hotels were down between 6.4% and 5% in the day's trade.
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