ICICI Bank will increase its Dynamic Currency Conversion (DCC) fee to 3.5% from 1% on select debit card transactions from June 21, 2026. The move could make international purchases and cross-border payments in Indian rupees significantly more expensive for customers.
Nomura said FIIs were most constructive on ICICI Bank. HDFC Bank at estimated FY28 book value of 1.5 times is seen as compelling on valuations but the Chairman exit is keeping investors cautious.
Axis Bank Ltd, HDFC Bank Ltd, Bank of India, Bank of Maharashtra (BOM) and Federal Bank received 'Buy' ratings. IndusInd Bank and Indian Bank are two 'Hold' calls.
Five stocks, namely HDFC Bank, Bharti Airtel, ICICI Bank, Eternal and M&M, contributed largely to the Sensex’s jump.
The launch aims to simplify global banking for Non-Resident Indians by allowing direct access to US dollar savings while reducing currency conversion costs.
Five stocks, namely, HDFC Bank, Reliance Industries, ICICI Bank, Infosys and Larsen & Toubro (L&T), contributed largely to the Sensex’s fall.
Among Sensex constituents, Infosys plunged 2.57% to Rs 1146.55. Tech Mahindra declined 2.08%, while Tata Consultancy Services (TCS), HCL Tech, and ICICI Bank dropped 1.94%, 1.70% and 0.88%, respectively.
The four private life insurers also increased stakes in Hindustan Unilever Ltd (Rs 176 crore), Oberoi Realty (Rs 172 crore), Adani Power Ltd (Rs 160 crore) and DLF (Rs 147 crore).
Five stocks, namely, ICICI Bank, HDFC Bank, Bharti Airtel, L&T, and Axis Bank contributed largely to the Sensex’s drop.
Support for the benchmarks came from index heavyweights such as Reliance Industries Ltd (RIL), Larsen & Toubro Ltd (L&T), HDFC Bank Ltd, ICICI Bank, Hindustan Unilever Ltd (HUL), Adani Ports and Special Economic Zone Ltd, Bajaj Finance Ltd and Eternal Ltd, helping markets remain in the green despite the pullback.
Five stocks, namely, HDFC Bank, ICICI Bank, Larsen & Toubro (L&T), State Bank of India (SBI), and Axis Bank, contributed largely to the Sensex’s fall.
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