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Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday as they offloaded shares worth Rs 867.65 crore, according to exchange data.

Property up-cycle is now well entrenched. Listed developers appear well-prepared with deep new launch pipelines. Balance sheets have been significantly repaired which is a positive sign. Additionally, valuations are above mean levels," Morgan Stanley said.

we are still a developing economy that is growing, and since growth and equity performance are fast friends hence the “Accha hi hain” phrase is a good enough response, although it is as terse an answer as one can get

The quality of earnings remained strong for ICICI Bank with a steady improvement in net interest margin, strong double-digit growth in core fee income, and lower credit costs. The strong improvement in domestic consumption has bolstered the lender’s retail loan book.

Promoters held 73.15 per cent stake in the company as of September ended quarter while FIIs owned 0 per cent stake and DIIs 12.26 per cent.

Analysis done by Nuvama Alternative & Quantitative Research shows that as a result of the recapping, the cumulative inflows in HDFC Bank would be at around $29 million, $26 million in ICICI Bank, $19 million in IndusInd Bank.

“The core focus now has to come back to earnings which are going to be out and what happens to the US market. Overall we should look at this market with a positive bias because each and every correction that we are seeing in the last one year or so, has been bought into. So, overall we remain positive and constructive on the market.”

As per the Trendlyne data, the highest target price for the stock goes up to Rs 80, while the average target price estimate is Rs 61, which shows an upside potential of 9% from the current market prices. The consensus recommendation from 2 analysts for Rail Vikas Nigam is a strong ‘buy’.

The brokerage suggests to buy this stock for an upside target of Rs 200 keeping the stop loss of Rs 172.

Bitcoin fell 1.23% and traded between $16,500-$17,000 levels. Ethereum dipped below the $1,200 mark.