New Delhi, May 8 (IANS) Leadership uncertainty at HDFC Bank has emerged as a key overhang for India’s banking sector, with brokerage firm Jefferies saying the controversy has disrupted benchmark valuations and capped rerating potential across banking stocks despite healthy fundamentals.In a note, the brokerage said investor sentiment toward the banking space has been weighed down by uncertainty surrounding HDFC Bank’s top management transition, along with geopolitical tensions in West Asia. …
Latest Nifty Bank index News & Updates
Mumbai, May 3 (IANS) India’s benchmark indices Nifty and Sensex are expected to remain range-bound in the near term, with a slight bullish undertone in Nifty but continued caution in the broader market, according to experts on Sunday.The Nifty began the week on a positive note with a modest gap-up and largely moved within a narrow range — reflecting a consolidation phase.Despite struggling for most of the week to hold above its short-term averages, the index eventually managed to close above …