DHFL’s default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA

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The fall was primarily led by the financials sector with Indusind Bank, Yes Bank, State Bank of India, Bajaj Finance and ICICI Bank among the top losers. financial major CLSA said that the default.

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DHFL’s default can accentuate contagion risk; ICICI Bank, HDFC among top picks: CLSA. CLSA said that the intervention of Reserve Bank of India (RBI) may be required as DHFL default can expose.

DHFL default can expose Rs 1 lakh crore in borrowing to risk of default/haircuts Prefer banks over NBFCs; ICICI, IndusInd, HDFC & ICICI Lombard are top picks CLSA on GAIL

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IndusInd Bank, SBI, ICICI Bank, DHFL Gail, Indiabulls Housing, Yes Bank, Zee Ent, Tech Mahindra, Ultratech Cement, Grasim, Bharti Infratel are among major losers, while gainers are IOC, Tata Motors.

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