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FIIs dump 48 crore HDFC Bank shares as stock crashes 26% in March quarter
FIIs offloaded nearly 50 crore shares of HDFC Bank in Q4 as the stock slumped 26% amid a governance crisis triggered by the exit of former chairman Atanu Chakraborty. While Sebi and the Reserve Bank of India reviewed the issue, Jefferies argued valuations now look compelling.
Stocks in news: Manappuram Finance, Kotak Bank, Nazara Technologies, United Breweries
Indian markets continued their recovery for a third straight session, with Nifty approaching the 23,800-24,000 resistance zone. Key stocks like Manappuram Finance, Kotak Bank, Nazara Technologies, and United Breweries are in focus due to significant corporate developments, including acquisitions, licensing agreements, and environmental clearances.
Stocks to Watch for March 19: HDFC Bank, Vedanta, UltraTech Cement and more
From UltraTech Cement acquiring 26.18% equity shares of Sunsure Solarpark Seven to Nazara UK signing definitive agreements to acquire a 50% controlling stake in Bluetile Games S.L. and BestPlay Systems S.L., here are some stocks to track ahead of Thursday trading session.
Bandhan Bank slumps after reports of promoter stake sale plan
Bandhan Bank fell 8.12% to Rs 161.35 after media reports said its promoter, Bandhan Financial Services, is exploring options such as a stake sale or an initial public offering (IPO) to facilitate investor exits.
IDBI Bank divestment scrapped? LIC, govt-owned bank clarifies after stock tanks
IDBI Bank has responded to media speculation regarding the government's proposed majority stake sale. The bank stated it cannot confirm or deny reports suggesting the sale might be scrapped due to low bids. IDBI Bank clarified that the strategic disinvestment process is confidential and managed by the government. The bank has not received any official communication about the sale's cancellation.
Stock Market LIVE: Bloodbath In Markets As Sensex Crashes, Nifty Down - NDTV
Stock Market LIVE: Bloodbath In Markets As Sensex Crashes, Nifty DownNDTVSensex Today | Nifty 50 | Stock Market Live Updates: Sensex tanks over 2,000 pts, Nifty below 23,800; all...The Economic TimesStock market today: Nifty50 opens below 24,000, Sensex tumbles over 2,400 points as oil surges past $100The Times of IndiaIndian shares slump as Iran war drives oil spike, clouds economic outlookReutersSensex crashes over 2,000 points: 3 reasons why stock market is down todayIndia TodaySensex Today | Stock Market LIVE Updates: Nifty PSU bank down 5%; Bank of India, Bank of Mah top losersCNBC TV18Middle East tensions to shape Indian stock market sentiments this weekInvestment GuruNifty 50, Sensex today: What to expect from Indian stock market in trade on March 9 after jump in crude oil pricesMSNStock market today: Trade setup for Nifty 50, US-Iran war to gold, silver, crude oil rates; eight stocks to buy or sellMint
Fino Payments Bank CEO Arrested: FM Sitharaman to 'check' GST evasion case
Finance Minister Nirmala Sitharaman will investigate the arrest of Fino Payment Bank CEO Rishi Gupta. Gupta was apprehended by GST authorities in Hyderabad. The bank stated the probe concerns a business partner's transactions, not the bank's compliance. Social media questioned the extent of GST powers. The Finance Minister acknowledged the issue and promised to look into it.
Market ends sideways; Nifty settles near 25,500 level; VIX drops 3.15%
Nifty ended near the 25,500 level. Pharma, PSU bank and oil & gas shares advanced, while media, FMCG and financial services stocks declined.
Banks should look at lower rates for small borrowers, says DFS Secy
DFS Secretary M. Nagaraju urged banks to lower lending rates for small borrowers and businesses to 6-7%, aiming to boost credit penetration without incurring losses. He highlighted the need to bridge the significant gap in India's bank credit to GDP ratio, which stands at 57% compared to global benchmarks, to achieve the Vikshit Bharat 2047 vision.
Closing Bell: Sensex crashes 1,123 pts, Nifty below 24,500 as US-Iran tensions intensify
Except IT, all other sectoral indices ended in the red, with Infra, PSU Bank, Realty, Media, Oil & gas, Auto, Metal down 2-4%. Nifty Midcap and smallcap indices down 2% each. Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel were among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra.
Closing Bell: Nifty below 25,200, Sensex tanks 961 pts; realty, metal, FMCG top drag
Nifty Midcap and smallcap indices down 1% each. Dr Reddy's Labs, Bharti Airtel, M&M, HDFC Life, Sun Pharma were among the top drags on the Nifty, while gainers were Trent, HCL Tech, Infosys, Apollo Hospitals. Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.
Taking Stock: Sensex sinks 961 pts, Nifty below 25,200; auto, FMCG, metal stocks hammered
Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.