A host of Global Factors such as US China trade talks, Brexit and other global deals affecting the market on high scale. The investors are still depending on the Q3 results of the companies. Movement in Rupee and crude oil is still interest for investors in the market.
All the eyes are on ICICI Bank as they are announcing their Q3 Results today at 7 pm (IST). According to the brokerage firms the India’s top private Bank will grow more profit more than 20%. They are likely to see improvements in earnings with loan growth and net interest income double. Brokerages expect 5-40% on-year growth in profit.
Many brokerage firms like Reliance securities, Motilal Oswal, Edelweiss Securities and Sharekhan expect more than 100% profit.
Current standing for ICICI Bank in Nifty is Rs 359.85, stock opened at Rs 351.00. Already the run for the shares is on. Instead of many selling factors in the market investors are buying this stock and brokerage firms are suggesting buying the stock.