Domestic markets traded within a narrow range and ended nearly unchanged on Thursday, pausing after Wednesday’s gains. In today’s trade, shares of HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy’s, Lloyds Metals among others will be in focus due to various news developments and first-quarter updates. HDFC Bank India’s leading private lender HDFC Bank … Read more
State insurer Life Insurance Corporation of India (LIC) has increased its shareholding in IDFC First Bank to 2.68% acquiring the lender’s shares at a price of Rs 80.63 apiece. The total cost of acquisition is Rs 1,500 crore. The number of shares have been raised from 1.42 crore to 20 crore on a preferential basis, … Read more
Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M … Read more
The Reserve Bank of India’s income rose 15 percent last fiscal on higher interest income from bond holdings, but it was the sharp drop in provisions transferred to the Contingency Fund that helped it pay a record Rs. 2.1 lakh crore in dividend to the central government. An amount of ₹42,819.91 crore was provided towards … Read more
May 26, 2024, 09:52:45 AM IST Mutual fund managers continuously add or subtract stocks from their portfolios to generate better returns. Here are the top 10 midcap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. Agencies MFs held 3 lakh shares of Patanjali Foods in April against 5 … Read more
New Delhi, Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First … Read more
The Nifty Bank fell over 1% on Thursday tracking weak global cues to close below its crucial psychological support of 48,000. The banking index fell 533 points to close at 47,487 while the Nifty50 saw a decline of 345 points to close below the 22000 mark. IDFC First Bank, PNB, HDFC Bank, and IndusInd Bank … Read more
Indian market is likely to consolidate on Monday tracking mixed global cues. The Nifty future closed negative with losses of 0.35% at 22575 levels on Friday. India VIX was up by 1.82% from 10.73 to 10.92 levels. Since it is the beginning of the new series, options data is scattered at various far strikes. On … Read more
IDFC First Bank today reported a net profit of Rs 724.35 crore for the quarter ended March 31 which was down from Rs 802.62 crore reported by the lender in the year ago period. IDFC First Bank reported an interest income of Rs 8,219.21 crore in the January-March quarter which was higher from Rs 6,424.35 … Read more
Brokerage firm Macquarie has an outperform rating on Marico, Morgan Stanley recommended an Equal Weight rating on Godrej Consumer, JPMorgan has an overweight rating on Titan and Jefferies initiated a buy on IDFC First Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Marico: Outperform| … Read more
