Day trading guide for stock market today On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The short-term trend of Nifty continues to be positive with range bound action. The present consolidation movement is expected to continue within a high low range of 18,700-18,500 levelsRead More →
In the fiscal year 2023, the banking sector experienced strong credit growth, with a YoY increase of approximately 17%. However, the growth rate of deposits was slower, at around 11% YoY. In order to maintain an adequate Credit Deposit Ratio (CDR) and a regulatory Liquidity Coverage Ratio (LCR) of 100%Read More →
The benchmark Nifty50 index gained 1.36%, or 245.8 points, to end at 18,314.80, while the BSE Sensex rallied 1.59%, or 973.61 points, to close the week at 62,027.90. The BSE Largecap and Midcap indices also gained 1.3% each for the week. The Smallcap index added 1%. “Over the week, theRead More →
Brokerage firm Motilal Oswal has recommended ‘buy’ on private lender HDFC Bank reported March quarter results which was ‘in-line quarter with healthy growth in NII, robust asset quality ratios. In its report, Motilail Oswal noted that HDFC Bank saw healthy growth in NII in Q4 even as margins remained stable,Read More →
Buy or sell stocks for today: After showing consolidation movement on Monday, Indian stock market extended its rally for fourth day in a row on Wednesday. Nifty 50 index ended 159 points higher at 17,557 levels whereas 30-stock BSE Sensex gained 582 points and finished at 59,689 mark. Nifty BankRead More →
There were no fireworks in the December quarter (Q3FY23) earnings performance of HDFC Bank Ltd. The private sector lender’s net interest income rose 24.6% year-on-year, partly aided by interest on income tax refund. Loan growth was driven by the retail segment, compensating for the weak wholesale (corporate) segment. Asset qualityRead More →
Eight of the top 10 most valued firms faced a combined erosion of ₹1,06,991.42 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services along with HDFC Bank taking the biggest hit. Last week, the Sensex declined 940.37 points or 1.55 per cent. Barring Hindustan UnileverRead More →
HDFC Bank’s advances grew 19.5 % (YoY) to ₹15,070 billion as of December 31, 2022 versus ₹12,609 billion as of December 31, 2021; and a QoQ growth of around 1.8 % over ₹14,799 billion as of September 30, 2022. Know your inner investor Do you have the nervesRead More →
Our view on markets is coloured by three factors. The primary factor is that despite the threat of a global slowdown owing to sharply tighter monetary conditions, the Indian economy continues to show strength in several areas. Secondly, however, valuations seem rich everywhere – despite 10-year yield being higher thanRead More →
