Friday's Trading Guide suggests HDFC Life and five more stocks

On Thursday, the benchmark indices remained in the red after a session marked by high volatility. At market's end, Nifty was below 18,000. The FMCG pack saw the largest increase of over 1%, while the financial services industry saw the largest decrease of over 1%. "Despite strong opening...

According to the RBI, SBI, ICICI Bank, and HDFC Bank continue to be domestic systemically important institutions.

The State Bank of India, ICICI Bank, and HDFC Bank are still considered to be Domestic Systemically Important Banks, according to a statement from the Reserve Bank of India on Monday (D-SIBs). The central bank had first released a framework for handling D-SIBs in July 2014, which obliged it to re...

Markets level off in volatile trade, as the HDFC twins excel

After a volatile session on Friday marked by worries about the global economy and central bank rate hikes, the BSE Sensex concluded the week with modest gains.

According to dealers, the rupee's decline and the withdrawal of foreign funds further reduced risk taking.

The 30...

ROSEN LAW FIRM FILES LAWSUIT AGAINST INDIAN LENDER HDFC BANK

Highlights

• According to a copy of the complaint available on the website of Rosen Law Firm, the US-based company has alleged HDFC Bank of misleading its investors, and has sought damages and a trial by jury

• HDFC Bank in the month of August had stated that the act...

HDFC BANK FACES CLASS-ACTION LAWSUIT FROM TWO U.S.-BASED LAW FIRMS

On the allegations of issuing materially misleading business information to its investors, two U.S.-based law firms have announced independent investigations to build securities-fraud class-action lawsuits against India’s largest private sector lender HDFC Bank Ltd. These two firms are Scha...

SENSEX JUMPS 450 POINTS, NIFTY RECLAIMS 11,000

Highlights

• The S&P BSE Sensex is trading at 37,488.77 points, while the benchmark Nifty50 is at 11,042.25 levels

• Reliance Industries Limited, ITC, ONGC, Maruti Suzuki and Asian Paints were the top Sensex gainers in the first trading session on Tuesday

SENSEX SLUMPS 600 POINTS, NIFTY50 BELOW 11,000

Highlights

• The S&P BSE Sensex is trading at 36,912.51 levels while the benchmark Nifty50 is at 10,921.80 levels

• Tata Motors, Maruti Suzuki and Mahindra & Mahindra were the top Sensex gainers in the first trading session of August

• HDFC, In...

SENSEX CLIMBS 300 POINTS, NIFTY AT 11,300

Highlights

• The S&P BSE Sensex is trading at 38,330 levels, while the benchmark Nifty50 is at 11,271

• Bharti Airtel went up 2 percent after reporting 15 percent increase in its Q1 revenue, followed by HCL Tech, Infosys and TCS jumping 1 percent each

&...

SENSEX SURGES 350 POINTS, NIFTY HOVERING AROUND 11,000

Highlights

• The S&P BSE Sensex is trading at 37,278.47 points, while the benchmark Nifty50 is at 10,980.65

• HDFC Bank and Vodafone Idea were top Sensex gainers in the first trading session if this week with growth of 5 percent and 6 percent respectively

INDIAN MARKETS EXTEND LOSSES: SENSEX DOWN BY 600 POINTS, NIFTY BELOW 10,700

Highlights

• The S&P BSE Sensex is trading at 36,060.51 levels, while the benchmark Nifty50 is at 10,619.05 points

• IndusInd Bank and HDFC twins were the top Sensex laggards with fall of 4 percent and 2 percent respectively

• Total 35 companies in...

PEOPLE’S BANK OF CHINA IS NO MORE A KEY STAKEHOLDER IN HDFC BANK

Highlights

• China’s central bank was holding 17.5 million shares or 1.01 percent in HDFC that is valued at Rs 3,300 crore

• The shares of HDFC had plunged 40 percent in the month of March but rebounded in April by 30 percent

• The market experts...

CHINA CENTRAL BANK CAUTIOUSLY PURCHASING STAKES IN INDIAN COMPANIES: REPORTS

Highlights

• People’s Bank of China (PBoC) holds 1 percent stake in HDFC, 0.43 percent in Piramal Enterprises and 0.32 percent in Ambuja Cement

• According to the reports, Chinese banks are intentionally buying stakes in those companies that are strategically i...

SENSEX JUMPS 400 POINTS COURTESY OF RIL, NIFTY AT 10,700

Highlights

• The S&P BSE Sensex is trading at 36,456.11, while the benchmark Nifty50 is at 10,752.65 levels

• The top Sensex gainers in the morning session was HDFC Bank with jump of 3 percent followed by IndusInd Bank with growth of 2 percent

• To...

AXIS BANK’S PRALAY MONDAL HEADS TO CATHOLIC SYRIAN BANK

Highlights

• Pralay Mondal, a graduate from IIT Kharagpur and a management graduate from IIM, Calcutta has nearly 30 years of banking experience

• Mr. Mondal served HDFC Bank for the period of 12 years before his stint at Yes Bank

• At the CSB Bank, Pr...

SENSEX SLUMPS 300 POINTS, NIFTY BELOW 10,100

Highlights

• The S&P BSE Sensex was trading at 33,962.78 levels, while the benchmark Nifty50 index is trading at 10,040.10 levels

• Indian market was impacted by the U.S. Federation’s statement which projected decline of 6.5 percent in their country’s...

SENSEX JUMPS 500 POINTS, AT 32,000, NIFTY OVER 9,450

Highlights

• At present, the S&P BSE Sensex is trading at 32,125.62 levels

• The Nifty50 index has gained nearly 150 points and is at 9,458.25

• ONGC and Larsen & Tubro were among the top Sensex gainers, while Bharti Airtel, ITC and TCS were in...

SENSEX JUMPS 200 POINTS, TOPS 31,000 WHILE NIFTY ABOVE 9,100

Highlights

• At present, the S&P Sensex is standing at 30,827. 54 levels

• The Nifty50 index slipped slightly below 9,100 and is at 9095.00 levels

• ITC emerged as top Sensex gainer in the morning trading session on Tuesday

After a break ...

SENSEX UP BY 500 POINTS WHILE NIFTY AROUND 9,000

Highlights

• With jump of 520 points, the S&P BSE Sensex is at 30,550 levels

• The Nifty50 index is hovering around 8,970 levels led by Nifty Financial Services index which went up by 1.6 percent

• ONGC emerged as the top Sensex gainer with jump of...

1.01% STAKE IN HDFC OWNED BY THE PEOPLE’S BANK OF CHINA NOW

Highlights:

•          PBOC has been accumulating stakes since a year now

•          PBOC owned a 0.8% stake in March 2019

•      &n...

FED CUTS RATES TO ALMOST ZERO; SENSEX DOWN BY4.97%, NIFTY BY 4.51%

Highlights: 

• FED cuts to 0% don’t help global scenario Indian Sensex opens on a low
• Adani ports, ICICI, Axis Bank, HDFC, UPL, and IndusInd bank losers in NIFTY 

 The Impact of coronavirus on the ...