Hdfc Bank Stock News

Even after the RBI''s embargo on HDFC Bank''s card issuance was lifted, the bank has lost market share: Macquarie

While HDFC Bank is not imminently ready to launch the bank, it is preparing for it from a strategic point of view.

Since August 2021, HDFC Bank''s market share - in terms of spend - is down 170-basis points (bps).

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HDFC Bank and Housing Development Finance Corp (HDFC) shares hit 52-week lows on Tuesday. Here''s what analysts suggest investors should do now.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: BSE Sensex and Nifty 50 were trading weak in pre-opening session on Tuesday. Go to…

Indian share markets trade flat with the Sensex down by 46 points, while the Nifty is trading lower by 27 points.

From the 30-share pack, Maruti Suzuki India, Tata Steel, HDFC Bank, Axis Bank and Asian Paints were the major laggards, falling up to 2.13 per cent.

On the sectoral front, auto, metal, banking indices logged profit booking while power, IT and pharma sectors logged some buying sentiments from investors. BSE midcap and smallcap indices were higher 1% each.

The Indian equity indices opened lower on Tuesday taking cues from the global markets amid the ongoing Russia-Ukraine war.

Technical analysts see 15,800 as the next level to watch out for on the Nifty. Amid geopolitical tensions, impending state election results, US Federal Reserve meeting and rising commodity prices, analysts recommend using bounce-backs as sell on rise opportunities. The Nifty fell 2.5% in the past week and underperformed all Asian peers, except China and Hong Kong, with auto and banking being the worst performing sectors.SRIRAM VELAYUDHAN VICE PRESIDENT- ALTERNATIVE RESEARCH, IIFL Where is the Nifty headed? Sentiments have turned extremely cautious. India VIX too has stayed at elevated levels of 27, mirroring uncertainty. Nifty can undershoot towards 16,000-15,800 this week before seeing some technical rebound as oscillators are extremely oversold. However, the index would find it tough to gallop past 16,500 and 16,800 which are strong resistances. Throwing caution to the wind, trading can turn extremely choppy if the index breaches 15,800. What should investors do? The current bout of weakness can be used to accumulate names like HDFC Bank, Bharti, Infosys and DLF.

Let''s take a look at the latest FD interest rates offered by Canara Bank, Bank of Baroda (BoB), SBI and HDFC Bank

The deal assumes significance given that the Mumbai-headquartered bank is picking up this size of office space in one of the key tier II cities. The bank is likely to utilise the space to set up its processing unit and customer service operations

Nifty Bank: A recovery in HDFC Bank, from a 52-week low hit earlier in the day, helped the banking as well as headline indices recoup most of their intraday lossess. The banking index trimmed losses in afternoon deals after falling as much as 2.4 percent during the session.

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