IndusInd Bank promoters see stock dip as investment opportunity

IndusInd Bank promoters reaffirm their commitment to the bank, viewing its depressed stock value as a strategic investment opportunity. Despite a 50% drop in six months, no fresh capital infusion is required. Hinduja Group holds a 16.29% stake, with 50.8% pledged.

Banking sector offers buying opportunity amid FPI sell-off: Nilesh Shah

Nilesh Shah, MD of Kotak AMC, highlights the performance of gold and the Nifty, noting gold’s potential for great returns. He discusses market fundamentals, recommending a neutral weight to equity with a preference for banking, financial services, and consumer discretionary sectors amid market corrections.

2 top stock recommendations from Dhwani Patel

Bank Nifty has breached the 48,800 level and is trading higher, with expectations of reaching 49,225. Autos, metals, and PSU banks are leading gains, with specific interest in Tata Motors, TVS Motors, Hindalco, and Sun Pharma due to strong buying actions.