Indian equity benchmarks traded higher in Wednesday's trade, extending gains on optimism surrounding the India-EU trade deal.
On the metals space, Kant said, "Metals are witnessing quite a healthy upside traction." He pointed out that JSW Steel delivered a strong performance, supported by capacity expansion plans and operational efficiency initiatives.
According to Nuvama, management has guided to a return on assets (RoA) of 1 per cent by the end of FY27, up from 12 basis points (bps) in Q3 FY26.
Nirmal Bang said IndusInd Bank will see an overhang in the near-to-medium term due to de-growth in loan book, and higher credit costs in the unsecured loan segment.
The bank's other income streams also faced headwinds, with fee and other income dropping to Rs 1,707 crore from Rs 2,355 crore in the year-ago period.
IndusInd Bank plunged 4.7 per cent to Rs close at Rs 905.15. YES Bank declined 4.61 per cent to Rs 21.71. Federal Bank slipped 2.38 per cent to Rs 273.05.
Axis Securities said that the daily and weekly prices of IndusInd Bank have decisively surpassed the multiple resistance, which shows a strong comeback of bulls and bullish trend reversal on the weekly chart.
Axis Securities said that IndusInd Bank has decisively surpassed multiple resistance zones at the Rs 895 levels on a closing basis on the daily charts.
A recent preview by JM Financial, based on provisional updates from 24 banks and four NBFCs for the third quarter of FY26, highlights continued strength in loan growth for financial stocks.
Stocks including Kotak Mahindra Bank, Adani Ports, ONGC, Trent, IndusInd Bank, IEX, Dabur, NBCC, Waaree Energies and more will be in the spotlight on Tuesday, January 06.
Axis Securities said that IndusInd Bank has delivered a decisive breakout on the weekly chart, completing an ascending triangle pattern and signalling the start of a medium-term uptrend.





