Private bank stocks are outperforming PSU banks. Will the momentum last?

September 24, 2024

HDFC Bank and ICICI Bank have spearheaded a resurgence in private banking sector, with significant contributions from other major players such as Axis Bank, Kotak Mahindra Bank, Bandhan Bank, and IndusInd Bank. Over the past month, HDFC Bank’s share price has increased by 8%, while ICICI Bank has seen an impressive 12% rally.

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Asian shares rose for the fifth consecutive day, driven by Beijing’s support measures. US stocks also hit new highs amid expectations of further rate cuts.

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BofA buys shares worth Rs 6.4 crore in this smallcap stock via block deal

BofA bought 6.7 lakh shares in Exxaro Tiles Limited through a block deal at Rs 96.22 per share. Setu Securities Pvt Ltd also bought shares

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