Trade Setup for Jan 18: Has the Nifty capped its downside ahead of weekly expiry? CNBCTV18
Read More…
Category: HDFC Bank
Sensex records worst single-day plunge in 18 months. Should you book profits?
Helped by one of the worst single-day falls in HDFC Bank shares in the last three years, Sensex on Wednesday recorded its worst daily performance in the last 18 months. During the day, Sensex fell over 1,600 points or 2.23%. The previous worst percentage loss was recorded on 13th June 2022 when the index crashed 2.68%.More than half of the decline in both Sensex as well as Nifty is attributed to heavyweight HDFC Bank, whose shares fell over 8% after investors were disappointed with flat NIM (net interest margin) at 3.4% in spite of wearing away of the ICRR impact and draw-down of some surplus liquidity.Also read: HDFC Bank shares at mouth-watering valuation, say contra buyers after $10…
Read More…
Nifty, Sensex Tumble Nearly 2% As HDFC Bank, ICICI Bank Weigh: Midday Market Update
India’s benchmark stock indices fell nearly 2% through midday on Wednesday, tracking a slump in index heavyweights HDFC Bank Ltd. and ICICI Bank Ltd.As of 12:01 p.m., the benchmark NSE Nifty 50 tumbled 356.90 points, or 1.62%, to 21,675.40, while the S&P BSE Sensex fell 1284.25 points, or 1.76%, to 71,844.52. The Nifty fell to an intraday low of 21,636.95 and the Sensex to a low of 71,757.54 so far in the day.The Nifty Bank and Financial Services sectors declined sharply, tracking a decline in HDFC Bank Ltd., which further weighed on the indices.”Today, the Sensex and Nifty experienced a significant decline due to a sell-off in banks following HDFC Bank’s Q3 results and amid unfavorable…
Read More…
Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News
Market Live: India keeps edible oil import duty lower until March 2025| Commodities Corner
On Tuesday, the Indian government announced a one-year extension of the reduced import duty on edible oil, now effective until March 2025. The initial expiration date for the lower import duty on crude palm oil, crude sunflower oil, and crude soy oil was set for March of this year. As the largest global importer of vegetable oil, India has opted to maintain the lowered import duty structure. Notably, the basic import duty on refined soybean oil and sunflower oil was reduced from 17.5% to 12.5% in June of…
Read More…
Source: https://www.moneycontrol.com/
HDFC Bank offloads its entire 4.31 per cent stake in Bandhan Bank – Business Standard
HDFC Bank offloads its entire 4.31 per cent stake in Bandhan Bank Business Standard
Read More…
HDFC Bank’s Net Profit Surges 33%, ADR Falls 5%
By Aayush Khanna
HDFC Bank (NS:) has unveiled its Q3 FY24 financial results, showcasing a stellar 33% surge in net profit, reaching INR 16,372 crore compared to INR 12,259 crore in the previous year. The bank’s domestic retail loans experienced an exceptional spike of 111%, while commercial and rural loans rose by 31.4%, and corporate and wholesale loans (excluding non-individual loans of eHDFC totaling approximately INR 98,900 crore) increased by 11.2%.
The bank’s total deposits exhibited a robust growth of 27.7%, reaching INR 28.47 lakh crore in Q3 FY24 from INR 22.29 lakh crore a year ago. Notably, Current Account and Savings Account (CASA) deposits reported a 9.5% growth, with…
Read More…
Source: https://in.investing.com/news/hdfc-banks-net-profit-surges-33-adr-falls-5-3975425
HDFC Bank Q3 profit rises 34 pc to Rs 16 373 cr
New Delhi, Jan 16 (PTI) Largest private sector lender HDFC Bank on Tuesday reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for the third quarter ended December 2023. The bank had earned a net profit of Rs 12,259 crore in the corresponding quarter of the previous fiscal year. Its total income on a standalone basis rose to Rs 81,720 crore in the October-December quarter of FY24 against Rs 51,208 crore in the year-ago period, HDFC Bank said in a regulatory filing. On a consolidated basis, the bank’s profit increased 39 per cent to Rs 17,718 crore from Rs 12,735 crore. The consolidated total income rose to Rs 1,15,015 crore from Rs…
Read More…
Source: https://www.theweek.in/wire-updates/business/2024/01/16/del43-biz-results-hdfc-bank.amp.html
Stock Market LIVE Updates | Nifty 50 trades near record high, led by L&T, Titan
Stock Market LIVE Updates | Lithium Mining Boost: Here’s Why NALCO And Hindustan Copper Are In FocusKhanij Bidesh India Ltd. (KABIL), a joint venture between NALCO Ltd., Hindustan Copper Ltd., and Mineral Exploration Company Ltd. signed an agreement with Argentina-based CAMYEN SE for the first-ever Lithium exploration and mining project.
The agreement gives KABIL exclusive rights to evaluate, prospect and explore and subsequent to discovery of Lithium, exploitation rights for commercial production for five Lithium brine blocks in the Catamarca Province of Argentina.
Read more here
Jan 16, 2024 7:50 AM
Read More…
HDFC Bank, Jio Financial Services, RVNL, Angel One, Zomato, others in news
Results on January 16: HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, Federal Bank, Gallantt Ispat, Goa Carbon, Hathway Cable & Datacom, Himadri Speciality Chemical, ICICI Securities, Jindal Saw, Lotus Chocolate, Bank of Maharashtra, C E Info Systems, Credo Brands Marketing, Network18 Media & Investments, Newgen Software Technologies, and TV18 Broadcast to be in focus ahead of declaring their December FY24 quarter earnings.
Angel One: The retail stock broking firm has recorded net profit at Rs 260.3 crore for the October–December FY24 period, growing 14.2 percent over a year-ago period,…
Read More…
Nifty’s fate beyond 22,000 to be determined by banking giants
IT on Friday, IT on Monday as well, on expected lines, technology stocks took the Nifty past 22,000, marking yet another record. Ably supported by index heavyweight Reliance Industries, the Nifty closed at the 22,100 mark.60% of the Nifty’s gains on Monday came from Reliance Industries, Infosys and HDFC Bank combined. In fact, it will be the results of HDFC Bank, which commands the largest weightage on the Nifty, that will determine the future trajectory of the index going forward.A key level to watch on the upside beyond the immediate resistances would be 22,533, which is the level at which the Nifty would have tripled from the Covid-19 low of 7,511, which it fell to on March 23,…
Read More…