ICICI Bank is currently favored by short-term investors over HDFC Bank due to its strong June quarter performance, marked by healthy profit growth and resilient margins. HDFC Bank faces post-merger challenges, including a high credit-deposit ratio, impacting investor sentiment. While ICICI Bank offers better near-term earnings visibility, HDFC Bank’s long-term growth potential remains a key focus for investors.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to