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Business Standard

HDFC Bank to see MSCI weight rise with increased FPI investment headroom

Higher FPI investment room opens door for $1.8 bn passive inflows

Business Standard

Nifty October futures trade at premium

Reliance Industries, HDFC Bank and State Bank of India were the top traded contracts.

Business Standard

HDFC Bank's deposit growth outpaces credit in Q2, helping meet target

Country's largest private sector has indicated that it would grow its advances at a slower pace than deposits

Business Standard

Morgan Stanley, Citigroup buy Rs 755 cr worth shares in HDFC Bank

Morgan Stanley and Citigroup on Thursday bought shares of private sector lender HDFC Bank for over Rs 755 crore through open market transactions. According to the block deal data available on the BSE, New York-headquartered financial services companies Morgan Stanley and Citigroup through their affiliates purchased 43.75 lakh shares of the Mumbai-based bank. The shares were picked up at an average price of Rs 1,726.2 apiece, taking the combined transaction value to Rs 755.29 crore. These shares were sold by BNP Paribas' arm BNP Paribas Financial Markets through two separate block deals at the same price on the BSE. BNP Paribas is an investment bank and financial services company. Last week, Paris-based BNP Paribas offloaded shares of HDFC Bank for Rs 543.27 crore. Shares of HDFC Bank fell 2.55 per cent to close at Rs 1,682.15 apiece on the BSE.

Hindustan Times

Sensex, Nifty fall 1% each wiping out ₹6 lakh crore: Major reasons why

Sensex and Nifty indices dropped sharply, influenced by falling heavyweight stocks like Reliance and HDFC Bank.

The Economic Times

26 equity mutual funds gave negative returns in September, shed up to 2%

The HDFC Defence Fund saw the biggest loss of around 2.29% during September. The Bank of India Mid & Small Cap Equity & Debt Fund gave a negative return of around 1.56%. Meanwhile, the Samco Active Momentum Fund lost around 1.30% in the past month. The Quant Tech Fund and NJ Flexi Cap Fund also gave negative returns to the tune of 1.20% and 1.19%.

Business Line

Day trading guide for October 3, 2024: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

The Economic Times

Market Trading Guide: EID Parry, Deepak Fertilizers among 5 stock recommendations for Thursday

Indian indices ended flat amid mixed performances, with Reliance and HDFC Bank dragging down. Analysts recommend stocks like Chambal Fertilizers and EID Parry for potential gains amid cautious sentiment.

Business Standard

Airtel CEO pens note on spam-fighting network; says crackdown will continue

Bharti Airtel is combating the "growing menace" of cyber frauds with network intelligence and Al to analyse patterns and accurately identify spammers, CEO Gopal Vittal said as he asked customers to be vigilant on 'suspected spam' indicator, now available. The regulator TRAI and the industry have upped the ante to crack down on the spam menace, and the regulator's new missive on whitelisted (approved) URLs has also come into effect from October 1. An HDFC Bank spokesperson, in response to a specific query, told PTI that the bank is "compliant as of today" with norms, and does not expect any difficulties. Meanwhile, Vittal penned a note to subscribers promising that Airtel will continue to work on identifying verified scammers and permanently blocking them from its network. "Our new solution makes us India's 1st Spam Fighting Network and we hope you will feel more confident and secure every time you receive that spam call or message," Vittal told subscribers. Over the last six month

The Economic Times

Sensex, Nifty end flat; IT shines, auto gears up

Indian benchmark indices ended Tuesday nearly flat with minor losses, as gains in IT stocks like Tech Mahindra were countered by declines in Reliance Industries and HDFC Bank. The BSE Sensex fell 33 points to 84,266, while the NSE Nifty dropped 14 points to 25,797.

The Economic Times

Gainers & Losers: NALCO, Paytm among 6 stocks in limelight on Tuesday

Indian benchmark indices closed nearly flat on Tuesday, with IT gains offset by losses in Reliance Industries and HDFC Bank. The BSE Sensex fell 33 points, and NSE Nifty slipped 14 points.

Mint

Hdfc Bank share are down by -0.28%, Nifty down by -0.19%

Hdfc Bank Share Price Today on 01-10-2024: On the last trading day, HDFC Bank opened at ₹1724.1 and closed at ₹1727.2. The stock reached a high of ₹1742 and a low of ₹1720.05 during the day.

CNBC TV18

Stock Market Highlights: Nifty, Sensex record biggest losses in two months amid broad-based selling

Sensex Today | Stock Market Highlights: The Sensex plummeted by 1,272 points to close at 84,300, while the Nifty dropped 368 points, finishing at 25,811. Heavyweights including Reliance Industries (RIL), ICICI Bank, HDFC Bank, and Axis Bank were the biggest drags on the Nifty, contributing significantly to the fall.

The Economic Times

Credit cards bring experiences to woo the young and affluent

Credit and debit cards offering discounts on travel, experiences, and lifestyle are gaining popularity among affluent and young customers. Banks like Bank of Baroda, HDFC Bank, and HSBC are partnering with travel companies to provide exclusive offers. The trend is driven by rising demand for unique experiences and live events.

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Power Grid, Bharti Airtel, HDFC Bank, ICICI Bank and Kotak Bank were among the top losers on NSE in today's trade.

Business Standard

Nifty October futures trade at premium

Reliance Industries, Infosys and HDFC Bank were the top traded contracts.

Hindustan Times

These money rules will affect your finances from October 1: Check credit card changes, income tax, post office schemes

Starting October 1, 2024, money changes will occur, affecting savings account fees at PNB, debit card charges at ICICI Bank, credit card rules at HDFC Bank.

The Economic Times

HDFC Bank, Havells among 5 stocks with short covering

Short covering occurs when traders repurchase shares they sold short, often due to changing market sentiment, leading to reduced open interest and potentially higher stock prices.

The Economic Times

ICICI Bank sees gross credit loss of 4.4% in credit card portfolio in FY24: Macquarie

ICICI Bank reported gross credit losses of 4.4% in its credit card portfolio for FY24, lower than SBI Cards' 7.4%. HDFC Bank's net credit losses were at 3.2%, while ICICI Bank stood at 2.2%. Rising defaults among young millennials are contributing to increased stress in unsecured advances.

Mint

Hdfc Bank share are down by -1.25%, Nifty down by -0.02%

Hdfc Bank Share Price Today on 27-09-2024: On the last trading day, HDFC Bank opened at ₹1778.1 and closed at ₹1759.4. The stock reached a high of ₹1778.1 and a low of ₹1758.45 during the day.

The Economic Times

HDFC Bank shares on verge of breakout. How to trade?

HDFC Bank shares, after hitting an all-time high in July 2023 and then declining post-merger, are now nearing a breakout. The stock has shown strong positive momentum, but traders should watch for potential pullbacks. Experts suggest key support levels and potential targets for strategic trading.

The Economic Times

Hot stocks: Brokerage views on United Spirits, HDFC Bank, ICICI Bank and PB Fintech

Macquarie has maintained an outperform rating on HDFC Bank, setting a target price of Rs 1,900. While reported profits are expected to be weak year-over-year, NII is projected to grow by 14%, with NIMs expanding to 3.52%. Deposit growth is estimated to increase by approximately Rs 800 billion quarter-over-quarter.

The Economic Times

HDFC Bank Stocks Live Updates: HDFC Bank Shows Positive Momentum with 2.43% Weekly Return

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Hindustan Times

HDFC bank sells $717 million of home loans to reduce credit book

HDFC Bank sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load amid regulatory pressures

Business Line

Day trading guide for September 27, 2024: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

Mint

HDFC Bank sells home loans worth $717 million to ease credit load

Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load amid regulatory pressures on the industry.

The Economic Times

HDFC sells $717 million of home loans to reduce credit book

HDFC Bank has sold a housing loan portfolio worth 60 billion rupees and car loans worth 90.6 billion rupees to various state-controlled banks and asset management companies. This move aims to reduce its retail loan portfolio amid regulatory pressures to improve credit-deposit ratios, which have worsened due to rapid credit growth and its merger with Housing Development Finance Corp.

Business Line

Broker’s call: HDFC Bank (Outperform)

BNP Paribas

The Economic Times

HDFC Bank launches instant SIP feature via SmartWealth app for quick MF investments

HDFC Bank has updated its SmartWealth app to include Instant SIP, allowing users to invest in mutual funds on the same day they spot an opportunity. The app also features a revamped Unified Dashboard for a consolidated view of investments and enhanced Streamlined Deposits for quicker deposit booking and better interest rates.

The Economic Times

Banks see over 15% growth in new credit card addition: RBI data

Indian banks added over 9.2 lakh credit cards in August, with HDFC Bank leading the charge. Total active credit cards reached 10.55 crore. Despite growth, transaction volumes slowed and spending declined to Rs 1.69 lakh crore. RBI has flagged risks in unsecured loans, urging caution among lenders.

Business Line

Stocks that will see action today: September 26, 2024

Buzzings stocks: Infosys, Tech Mahindra, HDFC Bank, Reliance Power, Uno Minda, IDFC First Bank, KPR Mill, Zaggle, Easy Trip, Vedanta

CNBC TV18

HDFC Bank loan growth may drop below 10% in Q2 — Macquarie explains why

HDFC Bank's shares are trading close to their all-time high levels, having gained for six days in a row.

Business Line

Day trading guide for September 26, 2024: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

CNBC TV18

UBS Group buys HDFC Bank's shares for ₹543 crore

According to the block deal data available on the BSE, UBS Group's arm UBS Principal Capital Asia purchased 30.72 lakh shares of Mumbai-based HDFC Bank.

The Economic Times

Bank stocks lose weight in Nifty as old world charm of industrials take over

The weight of leading banks in the Nifty 50 index has decreased from a high of 32% in July 2023 to the current 27.7%, according to a Phillip Capital report. This underperformance is attributed to the subpar performance of HDFC Bank, the third largest stock by market capitalization in India.

Hindustan Times

HDFC Bank rule change from October 1: New reward points rules for these credit cards

HDFC Bank's loyalty program for select credit cards will change on October 1. Redemption of reward points for Apple products will be limited to one per quarter.

Business Standard

HDFC Bank's loan growth in Q2 could dip below 10%: Macquarie Report

HDFC Bank has previously indicated that it will grow its advances at a slower pace than its deposits, as it seeks to bring down its elevated loan-deposit ratio to pre-merger levels

The Economic Times

HDFC Bank September quarter loan growth may dip below 10% on year: Macquarie Capital

HDFC Bank, India's largest private sector lender, may see its loan growth dip below 10% in the September quarter due to plans to sell Rs 70,000 crore of loans and the base effect from its merger with HDFC Corporation. The bank is also focusing on reducing its loan to deposit ratio and improving margins.

CNBC TV18

Bernstein's Top Banking Picks: Prefer HDFC Bank, Axis but neutral on SBI

Bernstein in its note mentioned that a potential surprise in microfinance credit costs for IndusInd Bank could create better buying chances in the near term.

Hindustan Times

Business News highlights Today September 25, 2024: HDFC Bank rule change from October 1: New reward points rules for these credit cards

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