Mumbai, April 16 (IANS) Benchmark equity indices Nifty and Sensex ended off their intra-day highs on Thursday as selling pressure in banking and auto stocks capped gains.However, investors also remained cautious ahead of further clarity on upcoming negotiations between the US and Iran.At the closing bell, the Sensex was at 77,988.68, down by 122.56 points or 0.16 per cent. Nifty followed suit and closed at 24,196.75, down by 34.55 or 0.14 per cent.Commenting on Nifty technical outlook, experts s…
Latest HDFC Bank News & Updates
Mumbai, April 13 (IANS) Domestic equity benchmarks traded sharply lower on Monday, declining around 2 per cent each amid weak global cues after the US and Iran failed to make progress on peace talks.Sensex plunged as much as 2.16 per cent or 1,675 points to 75,874.85, hitting an intraday low in early trade, while Nifty traded at 23,555, down around 500 points or 2.05 per cent, amid selling pressure in banking and financial, realty, auto and energy stocks.Eicher Motors, Maruti Suzuki, Shriram Fin…
Mumbai, April 12 (IANS) Indian equity markets witnessed a sharp rally last week, lifting the combined market valuation of eight out of the top-10 most valued companies by a massive Rs 4,13,003.23 crore.The gain was led by strong gains in banking heavyweights HDFC Bank and ICICI Bank.The upbeat sentiment in the market was reflected in benchmark indices, with the Sensex surging 4,230.7 points or 5.77 per cent, while the Nifty climbed 1,337.5 points or 5.88 per cent during the week.According to Aji…
Mumbai, April 8 (IANS) Sanjay Malhotra on Wednesday said that the Reserve Bank of India has not found any major governance issues in HDFC Bank, even after the bank’s chairman stepped down citing ethical disagreements.Speaking after the monetary policy announcement, the RBI governor said that based on regular supervision, there are no material concerns about the bank’s governance.“Existing banking laws are clear and effective, and there is currently no need for any changes,” he said.“Ho…
Mumbai, April 4 (IANS) HDFC Bank on Saturday reported a widening gap between credit and deposit growth in the March quarter, as strong loan expansion continued to outpace relatively slower deposit mobilisation, keeping the bank’s credit-deposit ratio elevated.The bank’s gross advances rose around 17 per cent year-on-year (YoY) to nearly Rs 25 lakh crore as of March 31, compared to about Rs 21.4 lakh crore a year ago, according to an exchange filing.On a sequential basis, loan growth remained…
Mumbai, March 30 (IANS) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India’s (RBI) recent measures aimed at supporting the rupee came into effect.All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It was tradi…
Mumbai, March 29 (IANS) The combined market valuation of seven of India’s top-10 most valued companies fell sharply by Rs 1.75 lakh crore last week amid global uncertainties and geopolitical tensions.The decline came in a holiday-shortened week when benchmark indices ended lower. The Sensex dropped 949.74 points, or 1.27 per cent, while the Nifty fell 294.9 points, also down 1.27 per cent.Commenting on Nifty technical outlook, experts said that a decisive breakdown below the 22,700–22,500 ra…
Mumbai, March 27 (IANS) Indian stock markets ended sharply lower on Friday, snapping a two-day winning streak, as uncertainty around ongoing talks between the United States, Israel and Iran unsettled investor sentiment.The benchmark indices saw heavy selling pressure throughout the session. The Nifty fell 2.09 per cent, or 486.85 points, to close at 22,819.60. Similarly, the Sensex dropped 2.25 per cent, or 1,690.25 points, to settle at 73,583.22.Commenting on Nifty outlook, experts said that te…
New Delhi, March 27 (IANS) India will see a slew of financial and regulatory changes with the beginning of the new fiscal year on April 1, 2026, affecting taxes, fuel, banking and rail travel.The Income Tax Act 2025 will replace the Income Tax Act 1961, simplifying terminology by using the word “Tax Year” instead of erstwhile confusing words ‘Assessment Year’ (AY) and ‘Previous Year’ (PY).Under the new tax regime individuals earning up to Rs 12 lakh annually will pay zero tax due to …
New Delhi, March 27 (IANS) Major global leading brokerage Jefferies has exited its holdings in HDFC Bank and reduced its India exposure across key portfolios, following the resignation of the lender’s part-time chairman Atanu Chakraborty.In its latest “Greed & Fear” report, Jefferies strategist Chris Woods said the firm has removed HDFC Bank from its Asia ex-Japan long-only equity portfolio, global long-only equity portfolio, and international long-only equity portfolio (ex-USA). No sp…