Nifty Bank vs Nifty FMCG: Which index is likely to give better returns in long term?

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Nifty Bank and Nifty FMCG both have already touched their peaks. While both these indices have multiple tailwinds and a healthy growth outlook, let's analyse which of these has a better long-term opportunity for investors.

Nifty Bank hits fresh record high: What does this mean for you?

The recently achieved new record high in the Nifty Bank index reflects the investors' confidence in the banking sector’s strong earnings growth, asset quality, and rising interest rate prospects.

RBI Monetary Policy: Rate-sensitive stocks rise after pause in hikes; realty, PSU banks jump

The Nifty Realty index surged the most, up 1.44 percent followed by the Nifty PSU Bank index, up 1.4 percent. Meanwhile, Nifty Bank and Nifty Financial Services also advanced 0.4 percent each.

Yes Bank rises for third consecutive day this week; Up over 5%

<ul><li>Yes Bank shares have strongly bounced from the long term moving average of 200-day simple moving average (SMA).</li></ul>

UCO Bank stock rises over 4% after Q3 net profit more than doubles

Following the strong Q3 numbers, shares of UCO Bank got off to a great start during Wednesday's trade at ₹30.20 apiece, as against the previous closing price of ₹29.45. The stock rose further, reaching an intraday high of ₹30.75.

Nifty Bank index likely remain sideways in coming weeks, says analysts

Phil Noble

<ul><li>The Nifty Bank Index has been performing well for the past two months and is expected to continue its positive bias in the coming weeks. Analysts recommend buying stocks of Federal Bank Ltd, Kotak Mahindra Bank Ltd, and IndusInd Bank Ltd., while keeping an eye out for potential consolidation. The immediate support for the banking index is 42,900 level and its resistance is at 43,500-44,300 level.</li></ul>

Market Wrap: Sensex, Nifty scale fresh closing peaks; mid, smallcaps outperform

Sensex closed 21 points, or 0.03%, up at 62,293.64 and Nifty settled at 18,512.75, up 29 points, or 0.15%. Thus, both indices registered their fresh closing highs.

Private banks post solid earnings in Q2 driven by margin expansion and a fall in bad loans

According to the most recent RBI data, bank credit increased 17.94% YoY as of October 21, 2022. Deposit growth was 9.5% during the same period. Going forward, credit rating agency firm, Crisil sees bank credit to grow at 15% this fiscal and the next, citing broad-based economic recovery.

Nifty Bank hits all-time high; 42,100 next resistance

Nifty Bank is up 18% this year so far against a 5% gain in equity benchmark Nifty50.

<ul><li>Nifty Bank is up 18% this year so far against a 5% gain in equity benchmark Nifty50.</li></ul>

Nifty and Sensex are nearing all-time highs, with gains led by banking and auto stocks

After FPIs made a U-turn in July by investing nearly ₹5,600 crore, the Nifty rallied 8.60% and the Sensex gained 8.56%. In addition to that, the Indian market outperformed most of its global peers in the same month. July stands as one of the best months for the markets.

Top Nifty Bank News

markets

Nifty Bank vs Nifty FMCG: Which index is likely to give better returns in long term?

markets

Nifty Bank hits fresh record high: What does this mean for you?

markets

RBI Monetary Policy: Rate-sensitive stocks rise after pause in hikes; realty, PSU banks jump

markets

Yes Bank rises for third consecutive day this week; Up over 5%