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RBI Monetary Policy: The recovery in domestic indices was majorly supported by banking counters. Top gainers in the 30-share BSE Sensex pack were ICICI Bank Ltd, Axis Bank and State Bank of India (SBI). Sub-index-wise, Nifty PSU Bank, Nifty Private Bank and Nifty Bank gained up to 1.15 per cent.

RBI policy: Two reasons why banking stocks are rising today

UCO Bank led PSU banks, rising 2.8% to Rs 51.10, followed by Canara Bank up 2.4% at Rs 110.75, and Bank of Baroda gaining 2% to Rs 264.95. SBI rose 1.2% to Rs 875.50 post-RBI’s policy decision. Among private banks, Axis Bank gained 2% to Rs 1,189.4, while ICICI Bank was up 1% at Rs 1,347.

Bank stocks rally up to 2% after RBI cuts CRR to 4%

Market expert Rahul Sharma sees Nifty reaching 24,800, fueled by strong banking and financial stocks. Private banks like ICICI and HDFC offer momentum plays. PSU banks provide better long-term value. Sharma recommends a basket of L&T, NTPC, Bharat Electronics, UltraTech Cement, and Siemens, anticipating a capex revival. CDSL and BSE offer profit-booking opportunities, while Angel One shows further upside potential.

Banks & financials likely to generate alpha & lead market in next 8-10 sessions: Rahul Sharma

Market expert Hemang Jani sees further upside in Bank Nifty, particularly PSU and heavyweight private banks, with potential for 5-10% gains. He also highlights growth opportunities in defence (Bharat Electronics, HAL), CDMO (Laurus Labs, Divi’s), and platform companies (Zomato, Swiggy, BlackBuck). While cautious on auto, he favors Mahindra & Mahindra and suggests Crompton Consumer and Century Ply within consumer durables.

These 5 PSU & private banks may go up 5-10% in short to medium term: Hemang Jani

Data from domestic rating agency India Ratings show public sector banks issued ?37,700 crore of CDs in the first 20 days of November compared with Rs 42,800 crore during October 1-31. CD issuances by private banks in this period, meanwhile, rose to Rs 19,100 crore from Rs 16,900 crore in October.

Banks stick to certificates of deposits to keep lending

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

HDFC Nifty Private Bank ETF objective is to provide investment returns that, before expenses, correspond to the total returns of the Securities as represented by the NIFTY Private Bank Index, subject to tracking errors