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Dipan Mehta, Director of Elixir Equities, said selling IndusInd Bank shares is no longer advisable, and investors should stay patient for a long-term recovery.

He stated that many banks, including Bandhan Bank, RBL Bank, Axis Bank, and ICICI Bank, have faced issues but eventually bounced back, and IndusInd is stronger than most. Despite bad loans, the bank has good technology and a strong network.

Mehta highlighted the need for new, dynamic leadership to improve the business and expects the stock to deliver good returns in three to four years.

Despite being a ‘consensus buy’, Power Finance Corporation (PFC) could still gain up to 60% based on the most optimistic target price.

The stock is currently down nearly 2%, trading at ₹406.65.

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TD Power Systems sees a large block deal as 1.3 crore shares, or 8.1% equity, change hands.

The stock is down 5.51% at ₹466.30.

 #JustIN | #GardenReach becomes the lowest bidder for a construction project worth Rs 25,000 cr for Next Generation Corvettes for the #IndianNavy

The lowest bidder will be awarded five (05) NGC ships at a likely value of more than ₹25,000 crores, co said pic.twitter.com/I25uLGcrms

— CNBC-TV18 (@CNBCTV18Live) May 22, 2025



Digant Haria from GreenEdge Wealth Services said that IndusInd Bank’s current valuation looks reasonable.

If the next Managing Director comes from a strong private banking background, the stock is likely to go up.

He also believes that within the next six months, the stock will offer good trading opportunities.

#CNBCTV18Market | #IndusIndBank recovers more than 4% from opening lows https://t.co/w1owzMZluJ pic.twitter.com/MOdtX8LrTm

— CNBC-TV18 (@CNBCTV18Live) May 22, 2025



 #CNBCTV18Market | Market opens with minor cuts on weak global cues, Nifty below 24,700 pic.twitter.com/G2R0YGM2qP

— CNBC-TV18 (@CNBCTV18Live) May 22, 2025



 

Fook Hien Yap from Standard Chartered Bank told CNBC-TV18 that the 10-year US Treasury yield is likely to stay between 4% and 4.2%.

He believes the outlook for stock markets is still positive.

He also said they are investing more in gold to protect against the risks of inflation and recession.



IndusInd Bank shares are expected to react after the lender reported its first net loss in two decades, triggering downgrades and target price cuts by analysts.

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The Indian Rupee opened slightly higher against the US dollar on Thursday.#RupeeCheck | Rupee opens at 85.59/$ vs Wednesday’s close of 85.64/$ pic.twitter.com/sPKrGhOF0k

— CNBC-TV18 (@CNBCTV18Live) May 22, 2025



Biocon announced that the Malaysian government has extended its insulin supply contract with the company’s Malaysian subsidiary for another six months.#StocksToWatch | Here’s a list of stocks in focus going into trade today???? pic.twitter.com/VWvQwUMRAY

— CNBC-TV18 (@CNBCTV18Live) May 22, 2025



 

Shares of Interglobe Aviation Ltd., parent company of India’s largest airline by market share, IndiGo, will react on Thursday, May 22, following its robust March quarter earnings. While analysts have maintained their stance on the stock, some have raised their price targets after the results.

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Goldman Sachs has issued a ‘Sell’ rating on Colgate with a target price of ₹2,630, citing weaker-than-expected Q4FY25 results.

Domestic revenue fell 1.8% YoY, missing estimates.

The current competitive landscape in oral care is likely to pressure margin expansion.



Advertising expenses rose by 100 bps, and other operating costs increased by 130 bps.#CNBCTV18Market | Here’s how the global market cues are placed this morning???? pic.twitter.com/mzRp3UyrkS

— CNBC-TV18 (@CNBCTV18Live) May 22, 2025



 



Five state-run companies, ONGC Ltd., Oil India Ltd., IRCON International Ltd., Rail Vikas Nigam Ltd. (RVNL) and NALCO, will be reacting to their respective quarterly results on Thursday, May 22. Their results were reported after market hours on Wednesday.

The shares of public-owned ONGC will be in focus on Thursday, after the company announced its Q4 results on Wednesday after market hours.#4QWithCNBCTV18 | #ONGC Q4

–Net Profit At ₹6,448 Cr Vs CNBC-TV18 Poll Of ₹8,804 Cr

–Revenue At ₹34,982 Cr Vs CNBC-TV18 Poll Of ₹34,046 Cr

–EBITDA At ₹19,008 Cr Vs CNBC-TV18 Poll Of ₹17,966 Cr

–Margin At 54.30% Vs CNBC-TV18 Poll Of 52.80%

–Exploratory well costs at… pic.twitter.com/MPmPugaAdV

— CNBC-TV18 (@CNBCTV18Live) May 22, 2025



Gold strengthened for a fourth day, as investors pushed back against US President Donald Trump’s tax-cut plan and growing fiscal deficit by driving long-range US Treasury yields to near a two-decade high.

TRADE SET UP

SPX -1.61%, Nasdaq -1.41%, Russell 2000 -2.8%

WEAK US 20Y BOND AUCTION !
5y yield +8 bps to 4.16%
10y yield +11 bps to 4.59%
30y yield +12 bps to 5.08%

Weak US 20y bond auction fueled term-premium risk
US 10y yield is up 47 bps in May so far !
On May 1st, US 10y yield was 4.12%, now at 4.59%

Question: At what level do yields start to put real pressure on the stock market?
The big psychological round number is 10y at 5%
Importantly, pace of move in rates matters more than absolute levels

Dollar Index -0.52% to 99.60
Brent Oil down 1.1% to $64.64
Precious metals were strong; Gold > $3300

For the Nifty, 20-day MA at 24,150 will be important downside level
Nifty needs to take out the high of 25,116
Bank Nifty closed slightly above the 20-day MA
On the way down, a swing low of 54,690 is important to watch
Downside levels are 54,031 & 53,505 (40-day EMA)

Bitcoin surpassed $110,000 for the first time to head toward another record high, with traders increasingly bullish on the prospects of the original cryptocurrency.

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GIFT Nifty lower, trading at a discount of more than 40 points from Nifty Futures Wed close, indicates a start in the red for the Indian market#CNBCTV18Market | #GIFTNifty lower, trading at a discount of more than 40 pts from Nifty Futures Wed close, indicates a start in the red for the Indian market pic.twitter.com/3jbIFbOE2p

— CNBC-TV18 (@CNBCTV18Live) May 22, 2025



Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries led to a spike in bond yields, which in turn hit sentiment around equities. Futures on Wall Street are currently at the flat line as caution continues to prevail after Wednesday’s sell-off.

The Dow futures are down 20 points, while futures on the Nasdaq and S&P 500 are also trading at the flat line.

US Markets 

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