Axis Bank shares surge over 4% as Q3 PAT rises 3% YoY. Should you buy now?

Axis Bank shares saw a significant jump on Tuesday. The bank reported a 3% year-on-year rise in its standalone net profit for the December quarter. Net interest income also showed growth. Brokerages like Citi and Bernstein have reacted positively to the results, maintaining their ratings and target prices. The bank’s asset quality remains stable, with […]

BFSI outlook remains strong despite near-term NIM pressures: Gaurang Shah

Geojit Financial Services’ Gaurang Shah sees a mixed earnings season for banks, with some near-term challenges but long-term opportunities. Despite weaker results from IndusInd Bank, Shah remains positive on the BFSI sector’s overall loan growth and outlook for the upcoming financial year, recommending several private and public sector banks, as well as NBFCs.

Rupee recovers 10 paise from all-time low to 91.80 against US dollar in early trade

The Indian Rupee has recovered from its historic low against the US Dollar. This rebound comes as the dollar index weakened. Forex traders noted broad dollar weakness contributed to the Rupee’s gain. Geopolitical uncertainties and capital outflows continue to pressure the Rupee. A pending trade agreement with the US remains a key stabilizing factor.

Selling stocks to buy gold and silver ETFs? Why turning a hedge into a bet can backfire

Retail investors bruised by small-cap losses are increasingly considering selling equities to chase soaring gold and silver ETFs. With precious metals sharply outperforming stocks, the temptation is strong. However, wealth managers warn that reallocating based on recent returns reflects recency bias and risks undermining disciplined asset allocation by turning portfolio hedges into concentrated bets near […]