Page 10 - Hdfc Bank

RIL drives markets to best day in 2 months; Sensex rises 1,241 points

RIL and HDFC Bank contributed to over half of these gains

HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%

LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year that is by January 24, 2025

Stocks to watch on Jan 29: HDFC Bank, SBI Cards, Adani Power, Coal India

Stocks to watch on January 29, 2024: Investor focus this week remains on the US Fed's rate outcome on Jan 31 and the interim budget back home on Feb 1

M-cap of 7 of most-valued firms erode by Rs 1.16 trn; HDFC biggest laggard

The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per cent. Of the top-10 most-valued firms, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC and State Bank of India were the laggards, ICICI Bank, Infosys and Bharti Airtel emerged as the gainers. The market valuation of HDFC Bank fell by Rs 32,661.45 crore to Rs 10,90,001.31 crore. LIC's valuation tumbled by Rs 20,682.74 crore to Rs 5,71,337.04 crore. The market valuation of TCS eroded by Rs 19,173.43 crore to Rs 13,93,439.94 crore and that of State Bank of India plunged by Rs 16,599.77 crore to Rs 5,46,989.47 crore. ITC's valuation diminished by Rs 15,908.1 crore to Rs 5,68,262.28 crore and that of Hindustan Unilever declined by Rs 9,210.4 crore to Rs 5,70,974.17

Reserve Bank of India allows LIC to increase stake in HDFC Bank to 9.99%

HDFC Bank further said LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year, i.e., by January 24, 2025

HDFC Bank sees period of consolidation as it absorbs mega merger: Report

The lender's quarterly earnings last week prompted a sharp 15% decline in the stock, even as its profit beat expectations, as analysts raised concerns about lending margins

HDFC Bank sees period of consolidation as it absorbs mega merger: Report

Before the merger, the bank's return on equity was above 17 per cent, but it has since declined to 15.8 per cent as of December-end

Bofa Securities offloads shares of 6 cos, including Infosys, for Rs 377 cr

Bofa Securities on Wednesday offloaded shares of six companies, including HDFC Bank and Infosys, for Rs 377 crore through open market transactions. Bofa Securities through its affiliate Bofa Securities Europe SA sold the shares of these companies through six separate block deals on the BSE. As per the block deal data available with the BSE, Bofa Securities Europe SA offloaded 7.21 lakh shares of Jio Financial Services, disposed of 7.22 lakh shares of Infosys and sold 7.72 lakh shares of private sector lender HDFC Bank. Bofa Securities Europe SA also disposed of shares in TVS Motor Company, Dabur India, and Page Industries. The shares were sold in the price range of Rs 36,398-238.75 apiece. The combined deal size stood at Rs 377.29 crore. Meanwhile, Hong Kong-based Kadensa Capital through its affiliate Kadensa Master Fund acquired the shares of these six companies. On Wednesday, shares of HDFC Bank gained 1.98 per cent to settle at Rs 1,455.85 apiece on the BSE. The scrip of Info

Worst not over for bank stocks; sit on the sidelines for now, say analysts

The recent quarterly results of HDFC Bank and Axis Bank had disappointed the street, which in turn triggered market-wide selling by FPIs, especially in banking counters

HDFC Bank first lender to issue 20 million credit cards, shows data

HDFC Bank is the largest issuer of card issuers in the country, which commands over a fourth of the overall cards market in terms of numbers

HDFC Bank hits 52-wk low; wipes Rs 1.9 trn m-cap with 15% fall in 1 week

The stock slipped nearly 4% to Rs 1,425.05 on the BSE in intra-day trade, falling below its previous low of Rs 1,460.55 touched on October 26, 2023.

HDFC Bank-led FPI selloff: The fifth-highest weekly exit since 2008

The hardening of US Treasury yields also weighed on sentiment and raised concerns about whether the Federal Reserve would lower interest rates at the same pace as the Street has priced

Private bank profits see impact of alternate investment fund provisions

Higher risk weights on unsecured loans deplete capital

Mcap of top 5 valued firms erode by Rs 1.67 trn, HDFC Bank biggest laggard

The combined market valuation of five of the top 10 valued firms eroded by Rs 1,67,936.21 crore last week, with HDFC Bank emerging as the biggest laggard. Last week, the 30-share BSE benchmark fell by 1,144.8 points 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever and State Bank of India faced erosion in their valuation, ICICI Bank, Infosys, Bharti Airtel, Life Insurance Corporation of India (LIC) and ITC were the gainers in the top-10 pack. The market valuation of HDFC Bank eroded by Rs 1,22,163.07 crore to Rs 11,22,662.76 crore. Shares of HDFC Bank fell for the third day in a row on Friday, tumbling over 12 per cent, as investors deserted the counter after the company's December quarter earnings failed to impress the market. HDFC Bank shares bounced back on Saturday, climbing 0.54 per cent. Reliance Industries valuation fell by Rs 18,199.35 crore to Rs ...

BFSI weighting in Nifty50 hits 7-year low as HDFC Bank stock slips

The 2019 calendar year was the high point for the BFSI sector, when its weighting in the index had risen to a record high of 40.6 per cent at the end of December

BNP Paribas sells shares of two companies worth Rs 668 cr via open market

Financial services company BNP Paribas on Friday sold shares of two companies for Rs 668 crore through open market transactions. BNP Paribas, through its affiliate BNP Paribas Arbitrage, offloaded shares of private sector lenders, HDFC Bank and IndusInd Bank in two separate transactions on the BSE. According to the block deal data available with the BSE, BNP Paribas Arbitrage disposed of 18.23 lakh shares of HDFC Bank at an average price of Rs 1,480 apiece. It also sold more than 25.50 lakh shares of IndusInd Bank at an average price of Rs 1,560 per piece on the exchange, as per the block deal data. This took the combined transaction value to Rs 667.72 crore. Meanwhile, in two separate transactions, Goldman Sachs (Singapore) Pte - ODI picked up 18.23 lakh shares of HDFC Bank and acquired more than 25.50 lakh shares of IndusInd Bank at the same price. On Friday, shares of HDFC Bank fell 1.08 per cent to close at Rs 1,470.70 each on the BSE, while the scrip of IndusInd Bank decline

Rising interest rates threaten India's credit growth, pressure margins

While Samsung Electronics Co. disappointed last week, the country's chip output and shipments grew the most in years in November, reviving optimism about the outlook

HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish

Analysts scale back earnings growth estimates for the private sector lender

RBI governor Shaktikanta Das cautions against exuberance in lending

Das said the central bank had not mandated any number on credit deposit ratio, and neither do they propose to

Sensex slips for 3rd day, dips 314 pts; OFSS up 27%, LTIMindtree tanks 11%

Stock market highlights on January 18, 2024: HDFC Bank slipped 3 per cent after falling over 8 per cent Wednesday