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While the HDFC Bank stock may be trading at decadal low valuations of about 2.1 times to book value, investors including LIC may be cautious in jumping to buy it, they said.

Brent crude futures climbed 83 cents to $84.38 a barrel by 2341 GMT after hitting a session-high of $84.80. U.S. West Texas Intermediate crude rose 78 cents to $78.79 a barrel.

The dollar index, which measures the U.S. currency against six rivals, inched 0.01% higher to 103.55 on Monday, set for a 2% gain in January as traders temper expectations of early and deep U.S. interest rate cuts.

Three U.S. service members were killed and dozens may be wounded after an unmanned aerial drone attack on U.S. forces stationed in northeastern Jordan near the Syrian border.

"The short-term trend of Nifty remains choppy with weak bias. The market could encounter strong resistance around 21,500-21,600 levels in the coming sessions," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.

Going by revised guidance, the fourth quarter profit would be upwards of Rs 2,000 crore as well. In the third quarter ended December 2023, the bank earned a profit of Rs 2,223 crore, registering an over 253 per cent jump over the same quarter a year ago.

NBCC is continuously moving in an uptrend. It has given a breakout from an important resistance with a big bullish green candle. If the stock manages to close above Rs 119 then our Target 1 will be Rs 134.60, and Target 2 will be Rs 154. The stock is experiencing a good buying volume from that trendline breakout even though it has even crossed 50-MA in the volumes chart.

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The Bank Nifty index experienced significant selling pressure in the past week, causing it to trade below crucial short-term moving averages. The next immediate support for the index is at 44,000, and a conclusive break below this level is likely to intensify the selling pressure, potentially pushing the index towards 43,000.