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ICICI Bank, the largest of the six lenders, reported a 24% rise in net profit to ₹10,272 crore for the quarter ended December 31, compared with ₹8,312 crore a year earlier.

Anshul Saigal says some people are holding cash but I would say the majority are not holding cash. What that means is that the majority are not expecting a meaningful correction while some are expecting a meaningful correction. An investor who is looking for defensives should go for FMCGs. An investor who is looking for long-term wealth creation should look at QSRs. And there are now multiple opportunities in that space to make money over the next few years.

HDFC Bank Ltd. tumbled this week following third-quarter earnings that disappointed investors on liquidity and deposit metrics, despite net income beating estimates. The selloff in the country’s biggest private sector lender has raised concerns about peers such as ICICI Bank Ltd. and Kotak Mahindra Bank Ltd., due to announce earnings on Jan. 20.

On Saturday, several investors and traders took to X voicing concerns over their inability to see updated balances in their broking accounts. Responding to these queries, brokerages issued statements on the social media platform.

​​ICICI Bank Q3 Results: Net interest income (NII) increased by 13.4% YoY to Rs 18,678 crore in Q3 from Rs 16,465 crore in the corresponding quarter of last year. Total period-end deposits grew by 18.7% YoY to Rs 13,32,315 crore while the domestic loan portfolio grew 18.8% YoY to Rs 11,14,820 crore at the end of the December quarter.

Aditya Arora of Adlytick believes that stocks like RailTel, RVNL, Tourism Finance, PVR-Inox, Mphasis, Torrent Pharma, SIS, and Praveg are overvalued and overbought. In the technology sector, he recommends buying Mphasis with a target of 2700. He also recommends Torrent Pharma as a pharma pick with a target of 2600-2700. SIS is another stock he finds attractive with a target of 580 to 600.

The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it got listed. Further, the board has also recommended an interim dividend payout of Rs 32 a share for the current financial year.

The Nifty Bank opened higher, but the momentum fizzled out soon, which took the index towards 45,640. The index bounced back in the second half to climb above 46,100 levels.