HDFC Bank reported fairly strong quarterly results over the weekend, but shares of the country s largest private sector lender declined over 1 per cent on Monday afternoon. This even as the broader BSE Sensex was up 0.5 per cent.
While analysts warned that the stock could fall more in the near-term owing to increased market volatility, but advised investors to use this dip as a buying opportunity from a long-term view
In a Moneycontrol markets poll of 35 analysts and fund managers, nearly half of the respondents expect the Nifty to be in the range of 23,000 to 25,000 by the end of 2024, suggesting a potential return of 6 to 15 percent.
In the broader market, while the mid- and small-cap indices outperformed the benchmarks by a wide margin, there was no contest as to which sector 2023 belonged to