Current price is close to the real time NAV

Less expense ratio implies better returns over the long term

Expense Ratio

ETF has not been able to closely match its benchmark returns

Tracking Error

ETF has been generating better price return than bank FD

Return vs FD Rates

Good time to consider, as ETF is not in overbought zone

Entry Point

Indian markets saw minimal movement. Consumer and IT stocks performed well. Banking stocks faced losses. Investors are watching for inflation numbers from the US and India. These figures will give clues about future interest rate decisions. Global markets showed mixed trends. Asian markets were varied, with gains in China and South Korea. European markets opened lower.

Market Wrap: Sensex, Nifty end flat, consumer durables and IT stocks gain as investors eye inflation data

Benchmark indices BSE Sensex and Nifty 50 opened cautiously on Wednesday, edging higher amid weak global cues.

Stock Market Updates: Sensex Ends Flat At 81,526, Nifty At 24,640; Banking Stocks Drags - News18

The stock quoted a 52-week high of Rs 216.90 and a 52-week low of Rs 139.45.

Federal Bank shares 0.27% as Sensex rises

Bank Nifty opens lower, private banks under selling pressure, potential breakout at 53,750 for bullish trend continuation.

Bank Nifty prediction today – December 11, 2024: Charting a sideways trend, stay out

In Q2 FY24, Indian Overseas Bank posted a 24% surge in net profit to Rs 777 crore, due to interest income and onboarding of new customers. The bank had earned a net profit of Rs 625 crore in the same quarter a year ago. The bank earned an interest income of Rs 6,851 crore during the quarter compared to Rs 5,821 crore in the year-ago period.

Indian Overseas Bank shares rally 5% on receiving Rs 1,359-crore income tax refund order

After displaying relative outperformance during the October-November mayhem on the street, some banking stocks are witnessing an upward movement. One reason could perhaps be that the banking sector is the only place where valuations are still reasonable. This is especially so among private sector banks whose valuations were always higher – even in the last three years when the sector saw a moderation. Another thing to remember: Banking as a space has witnessed maximum inflow when there is FII buying. So, when the FIIs return, we could see greater outperformance in this space. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

These 9 bank stocks can give 24 to 44% returns in 1 year, according to analysts

Most investors in Singapore and Tokyo agree that following HDFC Bank’s recent stock run-up, upside may be capped, Nomura India said.

HDFC, ICICI, Axis Bank, SBI: What investors in Tokyo, Singapore say on these bank stocks

HDFC Bank’s shares surged by Rs 3 lakh crore in six months, reclaiming its position as a top wealth creator. The bank’s post-merger balance sheet is stronger, outperforming rivals with a 19% increase in share value. Brokerages predict further growth, setting target prices as high as Rs 2,550, driven by strong FII interest and resilient asset quality.

Sleeping giant HDFC Bank shares wake up with Rs 3 lakh crore rally

Bank Nifty index is showing positive signs with support at 53,300, potential rise to 53,800-53,900; resistance at 53,800.

Bank Nifty prediction today – Dec 10, 2024: Support holds, but lacks strength. Stay out of the market

The Relative Strength Index of the stock stood at 42.37 on Tuesday.

Au Small Fin Bank shares 1.07 per cent in Tuesday’s trading session

In sectors like banking, when a regulatory rejig takes place, every player has to follow a new set of rules. This leads to a situation where entities that are large – or are already following best practices – are able to make the transition to the new rules regime quickly and are the first to be rewarded by the street. Others – normally smaller or mid-sized players – take time to adhere to the new rules, and hence catch the street’s attention later. But this time, there is a difference. Large banks that have been getting more than a fair share of the attention are seeing a valuation adjustment. And quasi-private sector banks are catching up.

Private sector banks: Look beyond HDFC and ICICI. 6 quasi-private sector bank stocks with upside potential of 17 to 61%

ICICI Prudential Bank ETF objective is to provide returns that is closely correspond to the total returns of the Nifty Bank index, subject to tracking error