HDFC Bank shares witnessed strong buying interest in the week gone by. In one week time, HDFC Bank share price appreciated to the tune of 6 percent, which triggered speculations about the large-cap banking stock coming out of the base-building mode after the merger with HDFC Ltd. HDFC Bank isRead More →
The largest insurance business in India, LIC, has received approval from the Reserve Bank of India (RBI) to purchase up to a 9.99% share in the country’s largest private sector bank. In its exchange statement, HDFC Bank stated that the permission was given with regard to the application that LICRead More →
The Q3 results for most private banks were in-line with estimates, but showed challenges with respect to their profitability as they found difficulties in mobilizing low-cost deposits to meet the strong credit growth. Declining margins were a key concern among these lenders during the October-December quarter and analysts believe theRead More →
The frontline indices grappled to gain momentum this week amid global uncertainties and lacklustre earnings by major companies so far. Despite this, railway PSUs have emerged as robust performers, delivering double-digit returns, with some boasting gains exceeding 55 per cent. Among these, Rail Vikas Nigam Limited (RVNL) witnessed a spectacularRead More →
FPIs have sold ₹13,047 crore worth of Indian equities and the total inflow stands at ₹134 crore as of January 19, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs were big players in financial services and information technology (IT), according toRead More →
Today’s rally was driven by robust support from both the banking and IT sectors. The surge in tech stocks was fueled by their healthy performance in the December quarter, while banking stocks witnessed a jump in anticipation of positive numbers for the Q3 period. Against this backdrop, the Nifty 50Read More →
Shares of banks and non-banking finance companies (NBFC) including Bajaj Finance, SBI Card, ICICI Bank, HDFC Bank, among others witnessed selling pressure on Friday after the Reserve Bank of India (RBI) tightened norms for personal loans and credit cards. The Bank Nifty index dropped over 0.7%, while Nifty Financial ServicesRead More →
HDFC Bank share price has declined over 6 per cent on the BSE and its market capitalisation (Mcap) had declined around ₹1 lakh crore in the last four trading sessions. Brokerage firms have expressed mixed views on the stock after the bank’s analyst and institutional investor meeting was held earlierRead More →
Shares of HDFC Bank gained over 1 per cent on Friday, September 15, and traded at an intra day high of ₹1,670 on the NSE during late afternoon deals, after the leading private lender witnessed block deals worth ₹4,500 crore. The deals came over passive inflows following a rejig ofRead More →
Stock market today witnessed sharp sell off in mid-cap and smsll-cap stocks but frontline indices Nifty, Sensex and Bank Nifty are still trading around record highs. In such a situation when stock market is witnessing participatory rally for long, mutual fund managers find it difficult to find stocks that mayRead More →
