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HDB Financial Services, backed by HDFC Bank, is set to debut on stock exchanges on July 2, with a strong investor response to its Rs 12,500 crore IPO, subscribed 17.65 times. Analysts attribute the enthusiasm to the company's strong parentage and extensive branch network.
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The call money market witnessed a surge in volumes by 3,000 crore, reaching 16,015 crore, following the extension of trading hours until 7 pm. Public sector banks and primary dealers actively participated, contributing to the increased activity. This extension aims to boost overnight money market trading and discourage parking funds in the standing deposit facility.
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Bajaj Finserv Asset Management anticipates Nifty reaching 26,300 soon. They foresee growth in FY26 surpassing FY25. Nifty's earnings are projected to rise by 12% in FY26 and 15% in FY27. Fiscal and monetary policies are supportive. Midcap and smallcap spaces offer opportunities after recent corrections. Large-cap valuations appear reasonable.
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