Gain of hdfc bank in today stock market

Gain of hdfc bank in today stock market

Posted: belavto On: 07.06.2017

Benchmark indices closed higher, with the Nifty and Bank Nifty at record closing high, backed by ICICI Bank that rallied 9 percent post earnings. The share BSE Sensex was up The market breadth was balanced as about shares advanced against declining shares on the BSE. CY17, led by positive global cues, the BJP's strong performance in state elections, pragmatic budget, strong macroeconomic backdrop and continued healthy liquidity.

Battery manufacturer Exide Industries today reported a 5.

It had posted a net profit of Rs Total income from operations rose For the entire fiscal, the company reported a a net profit of Rs It had posted a profit of Rs Country's largest housing finance company Housing Development Finance Corporation HDFC said its standalone profit during January-March quarter fell The same grew The profit in Q4FY16 included gain Rs 1, Provisions during the quarter increased The Cabinet approved the National Steel Policy on Wednesday, under which priority will be given to Indian steelmakers in government tenders for infrastructure projects.

The policy aims at increasing supply of domestic coking coal to cut dependence on imports by half and production of million tonnes of the alloy by He believes that the focus on infrastructure lead growth will not only support the demand growth of steel but will also help us achieve world class cost efficiencies outside our factory gates.

Benchmark indices extended their gains in the afternoon session, driven by a further rally among banks. The Sensex was up The market breadth was narrow as 1, shares advanced against a decline of 1, shares, while shares were unchanged. ICICI Bank, Axis Bank were top gainers on both indices, while Tata Motors, ONGC, HCL Tech and Hindalco lost the most.

ICICI Bank share price rallied nearly 9 percent intraday despite continued pressure on asset quality and higher credit cost. Analysts say they remained bullish on the stock due to attractive valuations and on hope of moderation in slippages in FY18 that will be resulted in lower non-performing assets. However, higher slippages from its corporate book is a key risk going forward because absolute NPA is likely to be elevated, they feel.

After fourth quarter earnings, global brokerage houses barring JP Morgan expect the stock to give percent returns over month. Consumer electronics firm BPL has ended its three-year deal — which was to end in - with online marketplace Flipkart.

BPL has now shifted to Amazon India where it will sell its big electronic products like washing machines and televisions online. BPL- a popular TV brand from the s — was apparently unhappy with lack of visibility on Flipkart, says a media report.

The company also blamed low prominence which resulted in lower-than-expected sales, says a Livemint report.

HDFC Bank trims intraday gain as Q1 NIM falls | Business Standard News

However, selling pressure in oil, select technology and auto stocks limited upside. The share BSE Sensex gained Entire banking space was also on buyers' radar after the Cabinet approved for amendments to Banking Regulation Act.

Axis Bank surged nearly 4 percent and SBI was up over 2 percent while HDFC Bank fell 1 percent. European markets opened higher after being buoyed by a televised political debate which saw centrist presidential candidate Emmanuel Macron maintain his lead on euroskeptic opponent Marine Le Pen ahead of this Sunday's French election. Benchmark indices were trading steady in the green zone, driven by a rally in banks.

The Bank Nifty was up over 1 percent. ICICI Bank and Axis Bank were top gainers on both the indices, while Tata Motors, HDFC Bank, Hindalco and HCL Tech lost the most. Eight companies under RBI scanner on concerns of fund round-tripping. Shares of Amtek Group companies soared between 7 and 9 percent intraday on Thursday as investors bet on buzz of investors seeking stake in the firm.

Amtek Auto rose 7. Benchmark indices were trading strong, with the Nifty hovering around mark. The market breadth was narrow as 1, shares advanced against a decline of shares, while shares were unchanged. ICICI Bank, State Bank of India and Grasim were top gainers on both the indices, while Tata Motors, HDFC Bank, Hindalco and BPCL lost the most.

Housing finance company HDFC's fourth quarter profit on standalone basis is likely to fall Net interest income, the difference between interest earned and interest expended, may grow Key things to watch out for would be net interest margin, asset under management AUM growth and asset quality. Indian service sector activity continued to expand during April, supported by ongoing growth of new work, and companies hired additional staff over the month.

However, in all three cases, the rates of increase weakened, says Nikkei IHS Markit. The headline seasonally adjusted Nikkei Services PMI Business Activity Index was down from Expansion has now been registered for three successive months, but the latest reading was the lowest in this period. The market breadth remained strong as about two shares advanced for every share falling on the BSE. The profit in Q4FY16 was boosted by gain Rs 1, Centre admits in Supreme Court that Aadhaar data was leaked.

The initial public offer of IRB InvIT Fund was subscribed 7 percent on the first day of issue on Wednesday. The offer received bids for 1,72,75, shares against the total issue size of 25,09,90, shares, data available with the NSE showed. The institutional investors' category was subscribed 4 percent while that of other investors 10 percent.

There is now a 3 percent cushion between the MSCI Asia and the DMA, where the brokerage house views the support to be. Here are 4 stocks that analysts are tracking today. Equity benchmarks gained strength in early trade Thursday after seeing consolidation in past four consecutive sessions.

Cabinet's approval to National Steel Policy and amendments to Banking Regulation Act boosted market sentiment. About shares advanced against declining shares on the BSE. Nifty Bank gained after ICICI Bank's earnings and Cabinet's approval to amendments to Banking Regulation Act.

HDFC Bank shares gain over 2%; mcap surges by Rs 8, cr - ijiyyyiqic.web.fc2.com

ICICI Bank surged over 5 percent while Bank of Baroda, PNB, Canara Bank and SBI gained percent. The rupee opened 5 paise lower against the dollar at Mohan Shenoi of Kotak Mahindra Bank says US FoMC considered weak Q1 data as transitory, indicating a June hike in Fed rates is on track. As a result, the dollar has posted marginal gains against the yen in particular. The rupee is consolidating after sharp gains in March and April. He expects the USD-INR pair to trade in a range of Farm loan waiver a concern if follow-up action missing; focus on high quality cos: Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.

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