Hdfc Bank Stock News

Indian share markets trade higher with the BSE Sensex up by 234 points, while the Nifty is trading higher by 42 points.

Jefferies has maintained buy on the stock with a target of Rs 2,160. Morgan Stanley finds the stock Rs 2,050 worth. CLSA has a target of Rs 2,025 on the stock while Nomura sees the stock at Rs 1,955 level. The targets suggest up to 55 per cent upside potential for HDFC Bank over Friday''s closing of Rs 1,397.

Shares of Jubilant FoodWorks, operator of Domino’s Pizza and Dunkin Donuts, has tanked after the company’s board has accepted the resignation of Pratik Rashmikant Pota as the CEO of the food-service company. Rahul Arora, Nirmal Bang Instl Equities and Varun Lohchab, HDFC Securities have a different take on how to read this scenario.

Infosys, HDFC Bank, Tech Mahindra were the top gainers

Mumbai, March 14 Benchmark indices Sensex and Nifty surged higher in the opening trade on Monday, helped by heavy buying in IT counters amid a mixed trend in Asian markets. Rising for the fifth straight session, the BSE benchmark Sensex jumped 309.91 points to 55,860.21. Similarly, the broader NSE Nifty also climbed 72.1 points to 16,702.55. In the 30-share Sensex pack, Infosys, HDFC Bank, Tech Mahindra, Wipro and State Bank of India were the major gainers. In contrast, Hindustan Unilever Limited, Mahindra amp; Mahindra, Bajaj Finance and Dr Reddy''s Laboratories were among the laggards. On Friday, the 30-share BSE Sensex had settled 85.91 points or 0.15 per cent higher at 55,550.30. The broader NSE Nifty gained 35.55 points or 0.21 per cent to close at 16,630.45. Bourses in Hong Kong and Shanghai were quoting lower, while Tokyo was trading higher during the mid-session deals. Stock exchanges in the US settled lower on Friday. Meanwhile, international oil benchmark Brent crude dipped 2.

HDFC Bank gained 1.72% to Rs 1,421 after the Reserve Bank of India (RBI) lifted the restrictions on sourcing of new credit cards.

HDFC Bank gained 1.72% to Rs 1,421 after after the Reserve Bank of India (RBI) lifted restrictions on its business-generating activities planned under the bank''s Digital 2.0 program.

Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.

Indian equity benchmark indices opened flat on Monday following weak global cues and amid concerns of a rise in geopolitical tensions after Russian missiles hit a large Ukrainian base near NATO-member Poland''s border on Sunday. However, the indices gained momentum soon after opening with BSE Sensex up 250 points and Nifty up 68 points. HDFC Bank was the top performer as the Reserve Bank of India (RBI) on Saturday lifted all restrictions on its new digital launches while Paytm tanked 12 percent. The broader markets were firmly up while sectoral indices traded mixed.

"We expect gold prices to trade sideways to down for the day with COMEX Spot gold support at $1,960 and resistance at $1,790 per ounce. MCX Gold April support lies at Rs 52,200 and resistance at Rs 53,200 per 10 gram," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

Jefferies has kept a buy call on the stock with a target at Rs 2,160 per share.

The key benchmark indices are likely to start the week on a weak note amid concerns of rise in geo-political tensions after Russian missiles hit a large Ukrainian base near NATO-member Poland''s border on Sunday.

The Reserve Bank of India (RBI) has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives

Buzzing stocks: Paytm, Ruchi Soya, HDFC, HDFC Bank, Nazara Tech, Welspun India, ISMT, United Spirits, Tech Mahindra, Indian Bank

Brokerage Radar: Macquarie has an ''underperform'' rating on shares of Paytm while many foreign brokerage firms have downgraded their rating on Jubilant FoodWorks shares. Here are the top brokerage calls for the day: