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“Axis Bank and ICICI Bank are better placed because they do not have those merger issues to deal with. In the near term, because HDFC Bank underperformed so much, we could see some outperformance, but longer term, I would prefer Axis or ICICI. Kotak, despite the severe underperformance, still is much more expensive than all the other banks.”

"The project will be developed on the land parcels of BBMB in the states of Himachal Pradesh & Punjab. The project is scheduled to be commissioned by August 2024," the company said in an exchange filing.

Now Dalal Street has a scenario, wherein big boys are stepping up and participating alongwith buoyant broader markets after a long wait. When stocks, indices are moving higher, we believe there should be no room for pessimism.

A strong demand outlook amid growing power consumption scenario along with robust chart structure puts the stock in an enviable position with a potential upside of up to 28% seen over the next 12 months.

The announcement of a new corridor will lead to a comprehensive rail and shipping connectivity network linking the US, India, Saudi Arabia and Gulf and Arab states, and the European Union. The plan aims to integrate railway routes and port linkages, spanning from India to Europe, traversing through the United Arab Emirates, Saudi Arabia, Jordan, and Israel.

On Comex, Gold futures were trading at $1,946.60 per troy ounce on Monday, up by $3.90 or 0.20% while Silver futures were at $23.300, higher by $0.126 or 0.540%.

From the Sensex pack, HCL Tech, Tata Motors, NTPC, Wipro, and Power Grid opened with gains, while only Infosys, Bharti Airtel, and IndusInd Bank opened with cuts.