Stocks like NSE, YES Bank, Tech Mahindra, Moneyview, Auro Pharma, Symbiotec Pharma, Blue-Dart, NCC A-One Steels and more will be in the spotlight on Thursday, October 01.
An analyst from Anand Rathi said that YES Bank has witnessed a strong rally from around Rs 17 to Rs 25.80, delivering nearly 46 per cent gains in just three months.
Among PSU names, Bank of India declined 5.44 per cent to Rs 130.45. Bank of Maharashtra, Union Bank of India, Punjab National Bank, Canara Bank and State Bank of India fell 2.10-4.66 per cent.
In the case of YES bank, the lender declined 3.87 per cent to hit a low of Rs 21.59 on BSE. Citi suggested a 'Sell' and a target of Rs 22 on the stock.
Rising global bond yields are raising questions about borrowing costs, capital flows and the outlook for Indian markets. In this conversation with Business Today, Indranil Pan, Chief Economist at YES Bank, explains what higher US and Japanese bond yields could mean for India’s economy, businesses and investors. The discussion examines the role of global interest rates, inflation, crude oil prices and foreign investment flows, while exploring the potential impact on home loans, corporate borrowing and capital expenditure. Pan also discusses the significance of FCNR deposits in supporting liquidity and the rupee, along with the challenges posed by higher oil prices and a changing global interest rate environment. The conversation unpacks the key economic factors shaping India’s financial outlook.
IndusInd Bank and IDFC First Bank have higher exposure to banca commission while ICICI Bank and PSU banks have lower risk, Jefferies said.
An analyst from Anand Rathi said that YES Bank is sustaining above the middle band of the Keltner channel, which is acting as an important support.
Given outsized UPI beneficiary volume share, YES Bank is seen as the standout beneficiary, with 5-10 per cent of PPOP and 6-12 per cent of PBT impact, Citi said in a note.
India’s banking, digital payments and IPO markets face policy and liquidity changes as FCNR deposit inflows, RBI liquidity management and a proposed 0.4% merchant discount rate, or MDR, on select UPI transactions above ₹2,000 shape market expectations. Business Today experts examine how foreign currency deposits could affect bank credit growth, lending competition, hedging costs, deposit costs, net interest margins, asset-liability management and the rupee. The discussion assesses whether excess banking liquidity could increase retail lending and consumption while balance of payments pressures restrict the available buffer. It also identifies the implications for PSU banks, private lenders and banks with variable-rate loan portfolios. The analysis explains how UPI merchant fees could affect payment apps, issuing banks, acquiring banks, payment gateways, merchants and consumers, including whether transaction costs may be passed on to shoppers. Potential revenue implications for Paytm, PhonePe, Pine Labs, MobiKwik and Yes Bank are reviewed alongside payment-stock valuations and recent market rallies. The video also covers IPO listings involving Kanor Electricals, Glasswall Systems and Prasol Chemicals, as well as upcoming offers from Hero Motors, SS Retail and NSE. Investors receive analysis of listing gains, valuations, long-term opportunities, market risks and stock-market implications across India’s banking, fintech, digital payments and capital markets amid policy changes, market pressure and global uncertainty.
An analyst from Mirae Asset Sharekhan said that YES Bank has shown positive momentum after finding support at its swing low of Rs 22 on the daily chart.
YES Bank reported a 33.69 per cent year-on-year (YoY) rise in standalone net profit to Rs 1,071.80 crore for the June quarter, compared with Rs 801.07 crore in the corresponding quarter last year.
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