HDFC Bank Q1FY24 results analysis: Shares of HDFC Bank, the world's seventh largest financial entity, have advanced 2 per cent in two days, as against 1 per cent rise in the benchmark S&P BSE Sensex, after the lender reported its April-June quarter (Q1) results for financial year 2023-24 (FY24) on July 17. The S&P BSE Bankex index, meanwhile, has gained 1.3 per cent. While the near-term stock performance may remain sideways due to merger-related hiccups, analysts remain bullish on the stock's long-term prospects.
The stock market will most likely see bullish trends this week in the run up to Union Budget as investors pin hopes on strong reform measures to rev up the economy, say experts.
South Korean Chung Hyeon managed to hang around against Roger Federer a little longer this time around, but only just, as the Swiss maestro advanced to the semi-finals of the BNP Paribas Open 7-5, 6-1 on Thursday.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
Venus Williams' return to Indian Wells lasted just one match but sister Serena looked poised for a long run after a dominant win at the BNP Paribas Open on Friday. Venus returned to the event for the first time since 2001, having boycotted it after being booed and heckled by fans during her previous trip, but made a quick exit after a 6-4 6-3 defeat to Japanese qualifier Kurumi Nara in the second round. The 15-year-old incident had occurred when Venus withdrew from a semi-final match with Serena, drawing ire from the crowd aimed at the Williams family. This time, though, Venus was greeted warmly by the crowd before her match and throughout it, a consolation for her poor performance. "It was enough of a fairytale to come here and play," Venus told reporters. "A win would have been nice, but that means I have to come back, play next year."
World No 3 Roger Federer has delayed his ATP World Tour return by a month and plans to make his comeback from knee surgery at the Monte Carlo Masters in April.
'Overtightening of monetary policy by central banks and the spread of new Covid variants, which may force governments to restart lockdowns or restrict mobility.'
Technical analyst will not be able to give contrary recommendations regarding a company
The Australian Open champion never faced a break point and used her hard and accurate serve to dispatch Gauff.
Czech Lucie Safarova took the final qualifying spot for the end-of-season WTA Finals after Spain's Carla Suarez Navarro was knocked out of the Kremlin Cup quarter-finals on Thursday.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
Angelique Kerber displayed her grit and vaunted fitness as she battled back to beat France's Pauline Parmentier 7-5, 3-6, 7-5 in scorching heat on Monday to reach the fourth round of the BNP Paribas Open.
Sania Mirza and her Czech partner Barbora Strycova stormed into the quarter-finals of the BNP Paribas Open 2017 tennis tournament with a straight-set win over their opponents in the women's doubles at Indian Wells.
The rupee is trading weak against the dollar in afternoon trade.
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of Rs 9,115 crore in March amid correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month, data from the Association of Mutual Funds in India (Amfi) showed on Thursday. However, investors pulled out Rs 52,528 crore from debt mutual funds last month, after investing Rs 1,735 crore in February, owing to advance tax payments and other year ending commitments. Overall, the mutual fund industry witnessed a net outflow of Rs 29,745 crore across all segments during the period under review, compared with a net inflow of Rs 4,090 crore in February.
A defiant Rafael Nadal won an all-Spanish clash of the generations taming teenager Carlos Alcaraz 6-4, 4-6, 6-3 to stretch his winning run to 20 matches on Saturday and clinch a place in the Indian Wells final. He will take on American Taylor Fritz in Sunday's championship in the California desert where a victory would see the 35-year-old equal Novak Djokovic's record of 37 ATP Masters 1000 titles.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Roger Federer and Rafael Nadal advanced to the quarter-finals of the BNP Paribas Open.
Shares of power, IT, tech, utilities and capital goods firmed up
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Big-serving Canadian Milos Raonic made a strong return to competition on Friday by beating Viktor Troicki 6-3, 7-5 to reach the third round of the Miami Open.
'My priority will always be, as it is now, my family, my kids and my wife'
Investors remained cautious in the face of the expiry of November series contracts in the derivatives segment, which also dampened sentiment.
Raducanu falls in first match since US Open triumph.
ICICI Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, HDFC twins, SBI, L&T, ONGC and Infosys. On the other hand, Sun Pharma, Asian Paints, Nestle India, UltraTech Cement and HUL declined. NSE Nifty rose by 79.60 points or 0.67 per cent to 11,914.20.
Top laggards in the Sensex pack included Kotak Bank, ICICI Bank, HDFC Bank, Tata Motors, L&T, SBI, Tata Steel and Axis Bank, falling up to 3.46 per cent.
The Australian fell to the floor in celebration after clinching the victory, before sticking a finger behind his ear and asking the raucous crowd to cheer louder.
The biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, ICICI Bank, HDFC, Tata Motors, HCL Tech, IndusInd Bank and Axis Bank, rising up to 2.98 per cent.
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
Reliance Jio's decision to acquire 700 MHz in combination with the possible use of an advanced standalone (SA) 5G network could give it an edge over its rivals, according to most analysts. The dissenters argue that the stiff price tag touching Rs 40,000 crore to grab 10 MHz of spectrum in 700 to provide coverage for its SA 5G network which offers ultra-low latency (unlike non-standalone or NSA), has a long way to go in India in terms of finding use cases that can be monetised. Globally, 700 MHz is a pivotal band which provides huge coverage, indoor penetration (especially useful in India where walls are thick) and is already considered by the European Union to be the 'pioneer band' for 5G, with 3.5 GHz and 26 GHz, both of which were auctioned in India recently.
Maria Sharapova has admitted that she failed a drug test at the Australian Open this year. The Russian star has confessed that she tested positive for Mildronate/Meldonium, a medicine she has been taking for 10 years owing to health issues, and the same is included in the fresh list of banned substances.
China's Li Na made it a hat-trick of White Group victories, overpowering back-injury victim Victoria Azarenka 6-2, 6-1 on Friday to march through to the semi-finals of the WTA Championship.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
Top seed Serena Williams turned an early challenge into an eventual cakewalk as she beat Russian-born Yulia Putintseva 7-6(2), 6-0 in the third round of the BNP Paribas Open in California on Sunday.
Former American great Chris Evert has no issue with tournaments handing Maria Sharapova wildcard entries as the Russian former world number one makes her way back from a doping ban, she said on Wednesday.
The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process s per the law.
Many of them are housewives looking to increase income in households struggling with the economic devastation caused by COVID-19.
Wonder why corporate India is showering dividends?
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