Deven Choksey recommends Kotak and ICICI as top choices in the private banking sector, noting their strong tech integration and efficient business processing. Meanwhile, issues with corporate governance and aggressive market capturing strategies are impacting companies like IndusInd Bank and PC Jeweller negatively.

The Nifty Realty index was trading 2.51 per cent up at 819.8.

Bitcoin fell below $77,000, and Ethereum reached a 16-month low on Tuesday as concerns over a potential U.S. recession grew. Major cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin, continued to lose value as fears mounted that escalating trade tensions could hurt U.S. economic growth.

IndusInd Bank stated that the accounting discrepancies will negatively affect its net worth by 2.35% as of December 2024. The post-tax impact is estimated at Rs 1,577 crore, based on preliminary findings, and will be reflected in the bank s earnings for the fourth quarter.

India’s IPO market had a record-breaking 2024, raising $20.5bn, second only to the US. Key drivers included strong market conditions, regulatory reforms, and sectoral diversity. However, concerns over high valuations and post-listing performance have cooled investor enthusiasm. Going forward, rational pricing and fundamental strength will be crucial for sustained momentum.

Gold and silver futures opened higher on MCX, recovering from Monday’s losses amid global market sell-offs and recession fears. Volatility is expected due to the US trade war and inflation data. Analysts suggest selling gold on a rise. Physical gold prices vary across cities, with Delhi having the highest rates.

The Nifty Realty index closed 2.04 per cent down at 799.7.

MarketSmith has identified 10 Indian companies that align with Warren Buffett s investment principles. These firms exhibit strong revenue growth, high pre-tax margins, high Return on Equity (ROE), and robust balance sheets with minimal or no debt. Technical analysis indicates that some stocks need to cross key moving averages to make further significant moves.

Axis Securities has an overweight call on Hero MotoCorp with a target price of Rs 5285, noting Hero s strategies in the EV market and international expansion. Financials show a consolidated total income of Rs 10566.31 crore for the latest quarter and a net profit of Rs 1200.12 crore. Risks include macroeconomic uncertainty and increased competition.

IndusInd Bank shares dropped 20%, hitting a 52-week low of Rs 720.50, after multiple brokerages downgraded the stock following an accounting discrepancy in its forex derivatives portfolio. The bank revealed a potential Rs 15.8 billion post-tax hit, raising concerns about governance and earnings visibility. The selloff follows a filing that disclosed valuation discrepancies, with an impact expected in Q4FY25.