NIFTY BANK (NIFTY BANK)
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Adani Green shares fall 4% as Q2 profit drops 24%
Adani Green Energy shares extended their losing streak to a fifth straight session, falling about 4% after Q2 profit declined 24% quarter-on-quarter. Jefferies and JM Financial have weighed in on the results as investors reassess the stock's valuation. The stock has now posted consecutive sessions of declines following the earnings release.
Sensex Sheds 1,400 Points as 322 Stocks Hit 52-Week Lows
Indian equities ended sharply lower on Wednesday, with the Sensex plunging 1,400 points from its intraday peak and 322 stocks touching 52-week lows amid a selloff exceeding Rs 8 lakh crore. Rising oil prices and mixed earnings weighed on sentiment, though Infosys, HCL Tech, Bajaj Finance and BSE bucked the trend as top gainers. Analysts attribute the decline to valuation concerns and global cues despite strong corporate earnings.
ICICI Bank Rises 1% on Q2 Beat as Analysts Name It Top Pick; Axis Drops 5%
ICICI Bank shares gained 1% after Q2 results, with analysts at Jefferies and MOFSL reiterating bullish views and naming the stock a top pick on strong asset quality. Axis Bank fell 5% despite reporting a 39% rise in Q2 net profit, puzzling investors. The divergence has sparked fresh debate over which of the three major lenders—HDFC, ICICI, or Axis—offers the highest upside.
Sensex Jumps 1,534 Points as IT Stocks Lead Broad Rally
Indian equities are riding a strong upswing, with the Sensex surging 1,534 points as IT stocks power Dalal Street even as the global AI trade loses steam. GIFT Nifty signals a positive open and Asian markets are rebounding on recovering tech shares, with Nifty eyeing 23,000 for a second straight weekly gain. Lower Treasury yields and SEBI relief are adding tailwinds to the bullish setup.
HDFC Bank Shares Rise 2% as Anup Bagchi Named CEO
HDFC Bank shares climbed nearly 2% following the appointment of Anup Bagchi as CEO and a Q2 business update showing deposits growing faster than advances, aided by an $11.5 billion FCNR(B) deposit mop-up. Despite the day's gain, the stock remains down 25% in 2026, with analysts debating whether Bagchi can revive the bank's lagging performance. The leadership change has intensified focus on HDFC Bank's ability to regain momentum.
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