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Sensex gains for fourth consecutive day, rising 110 points on Wednesday with HDFC Bank, ICICI Bank leading the rally.

Sensex advances over 110 points on buying in private banks, foreign fund inflows

Among private banks, HDFC Bank rose around 2%, making it one of the biggest gainers on both the Nifty and Sensex.

Banking Stocks Rally As Investors Expect CRR Cut; Stocks To Buy Ahead Of RBI MPC Outcome - News18

The share of private banks in semi-urban deposits climbed to 26.93% by September, from 25.62% in March. In urban centres, that share rose to 34.98% from 32.94%.

Private banks widen their deposit base in rural areas

Elara is overweight on SBI within PSU banks as its robust savings deposit metrics places it at par with large private banks. It likes GAIL and OMCs within the energy space and NTPC and Coal India among utilities.

PSU stocks: Renewable energy IPOs; defence & railway shares; NTPC, SBI, GAIL - what Elara says

So, in the near to medium term, we expect market to consolidate and probably we are at 24,000-24,100 level, which is kind of the fair value, closer to the fair valuation zone and market will probably take a breather for a quarter or two till the earnings catch up happens, before it sets its new leg upturn.

Private Banks, IT poised for revival; cement sector to emerge as a dark horse: Rupen Rajguru

Indian IT players are likely to gain from the strengthening dollar and the Republican Party’s win in the US presidential polls, according to Raychaudhuri.

Private Banks, IT And More: Emmer Capital’s Manishi Raychaudhuri Bets On These Stocks

Bank Nifty prediction for November 27, 2024: Bank Nifty slips to 52,100 with bearish sentiment; private banks outperforming, futures trading at 52,100 with support at 52,000.

Bank Nifty prediction today – Nov 27, 2024: Support might help in a rebound

Indian banks saw a rise in high-cost deposits in the September quarter. This may squeeze profit margins. Public sector banks lent more but gathered fewer deposits than private banks. Term deposits grew faster than savings accounts. Loans to private companies and working capital loans also increased. The share of loans to women borrowers continued to rise.

High cost deposits up to 69 percent in September

Market volatility is linked to news flow and global trends. Aman Chowhan, a fund manager, sees opportunity in large private banks, metals, IT, pharma, and chemicals. He is positive on infrastructure, especially EPC companies. Chowhan’s firm focuses on value investing across market caps. He analyzes the energy transition, favoring solar EPC and related companies.

Indian market to blindly follow global trend for a month or more; 5 sectors to bet on: Aman Chowhan

Indian equity markets are currently experiencing a period of uncertainty, with investors closely watching the outcome of the Maharashtra elections and the ongoing Adani Group controversy. Despite this, certain large-cap stocks, including Reliance Industries and select private banks, are seen as attractive investment opportunities due to their oversold status and strong fundamentals.

Reliance oversold; a change at helm in Maharashtra could be negative for market margin: Sandip Sabharwal

Large private sector banks in India are trading like utility stocks, presenting a good investment opportunity. The rural economy is improving, and consumption is expected to recover. Investors can find opportunities in discretionary consumption, industrials, and IT services. Deep tech is a promising sector in India, with potential for new listings and growth.

What to do as large private banks trade like value stocks & utility stocks act like growth stocks? Ridham Desai explains

DSP Nifty Private Bank ETF aims to track the performance of the Nifty Private Bank Index, focusing on equity of private sector banks.