Sensex slips more than 500 points
Deepak Jasani, Head of Retail Research, HDFC Securities said state-run Oil Marketing Companies (OMCs) announced a reduction in petrol and diesel prices by Rs 2 per litre across the country.N
Deepak Jasani, Head of Retail Research, HDFC Securities said state-run Oil Marketing Companies (OMCs) announced a reduction in petrol and diesel prices by Rs 2 per litre across the country.N
Strong FII buying seen on Wednesday of around Rs 2,800 crore also supported the ongoing momentum.
These banks include Axis Bank, Survoday Small Finance Bank, ICICI Bank, Bandhan Bank, YES Bank and IndusInd Bank.
Recently, the private sector lender reported a 33 per cent jump in its net profit at Rs 16,372 crore in Q3 of FY24, as compared to Rs 12,259 crore a year ago.
Equity mutual funds saw net inflows dip sequentially in July on the back of outflows from large-cap funds, but flows remained positive for the 29th consecutive month, says Deepak Jasani, Head of Retail Research, HDFC Securities.
Home finance company Housing Development Finance Corporation Ltd (HDFC) closed the Q2FY23 with a higher net profit of Rs 4,454.24 crore.
The largest private sector bank in India is investigating whether any extra funds placed in the accounts were withdrawn.
The company's profit before tax for the quarter ended March 31, 2022 stood at Rs 4,622 crore compared to Rs 3,924 crore in the corresponding quarter of the previous year, representing a growth of 18 per cent
"...the weakness in HDFC twins after the merger announcements is due to sustained selling by FPIs and shorting by speculators exploiting the FPI positioning in the stocks,"
According to brokerage firm Edelweiss, HDFC Bank's net profit is expected to increase by 24 per cent to Rs 10,183 crore in January-March 2022 quarter.