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Stocks in news: HDFC Bank, NTPC, Adani Ports, ICICI Bank, SBI, Nestle India
Indian markets experienced a significant downturn on Thursday. This sell-off erased recent gains, driven by global concerns and geopolitical issues. Several major companies like HDFC Bank, ICICI Bank, and NTPC are in focus today due to specific news. Investors are watching these developments closely as the market navigates current challenges.
Euro and yen gain, pushing dollar index lower following central bank decisions
GLOBAL-FOREX/ (UPDATE 5):FOREX-Euro and yen gain, pushing dollar index lower following central bank decisions
ICICI Bank gets Rs 769 cr GST demand notice
ICICI Bank has received a significant Goods and Services Tax demand notice. Tax authorities have levied a demand of Rs 768.6 crore. This is for alleged short payment of GST on services provided to customers. The bank is already in litigation over similar past issues. ICICI Bank will contest the order through legal channels within the stipulated timeframes.
ICICI Bank gets ₹769 crore GST demand notice
ICICI Bank received a ₹768.6 crore GST demand notice for alleged short payment, including ₹384.3 crore in tax and an equal penalty. The bank plans to contest it.
Trade Setup for March 20: Nifty braces for more unwinding after ₹13 lakh crore rout ahead of weekend
Thursday's fall also means that the Nifty has turned negative for the week and could well report its fourth consecutive weekly drop. The index needs to close above 23,151 to report a positive weekly close.
HDFC Bank, TCS among 5 Sensex stocks hitting 52-week lows; down up to 16% in a month
Indian stock markets experienced a significant downturn on Thursday. The benchmark Sensex dropped by 2,497 points, closing at 74,207. Amid this sharp decline, five prominent stocks within the BSE Sensex index reached their 52-week lows.
NIFTY plunges over 3% on HDFC Bank chairman exit, crude surge By Investing.com - Investing.com India
NIFTY plunges over 3% on HDFC Bank chairman exit, crude surge By Investing.comInvesting.com India
Stock Market Sell-Off: Nine Nifty 50 stocks that hit a 52-week low today
Benchmark indices have sold off sharply on Thursday, March 19, with investor wealth worth over ₹9 lakh crore being wiped out. Most of the Nifty 50 constituents are trading with losses, while five of them have slumped to a 52-week low, including some index heavyweights as well. Here's a look at these names:
HDFC Bank Share Price Highlights: Stock ends 5% lower; Atanu Chakraborty calls exit 'routine'
HDFC Bank share price Highlights: Shares of HDFC Bank Ltd., a heavyweight in both the Nifty 50 and Nifty Bank indices, opened as much as 9% lower on Thursday, March 19, following a change in leadership. However, the stock erased some losses following the management's conference call and are now trading 4% lower. Follow CNBC-TV18's live blog for the latest updates.
Stock Market Crash: Biggest single-day Nifty fall in 21 months wipes out ₹13 lakh crore market cap
10 stocks on the Nifty 50 are now trading at 52-week lows, led by Bajaj Finance, HDFC Bank, Bajaj Finserv, HUL and Cipla.
Banks are not the only villains in Nifty's 600 points crash, autos fare worse with up to 4% index fall
Auto stocks led the market decline as the Nifty plunged 600 points, with the sector falling up to 4% amid rising crude oil prices and Fed-driven macro concerns. Weak sentiment was compounded by geopolitical tensions, while banks and IT also dragged indices lower despite broader sectoral pressure.
Nifty Bank plunges 3% as HDFC Bank crashes: Key levels to watch out for
HDFC Bank's shares plummeted nearly 9%, dragging the Nifty Bank index down over 3% and breaching key support levels. Other major bank stocks also saw declines, influenced by HDFC Bank's fall and the US Federal Reserve's hawkish stance. Investors now await the RBI's upcoming meeting for further direction.