India's financial sector is dominated by large government-owned and private-sector banks.
Market regulator Sebi does not expect a large number of foreign portfolio investors to be impacted by the new beneficial ownership disclosure norms, according to sources. The norms are set to come into effect from February 1 and against this backdrop, the equity market has witnessed significant volatility, with the benchmark Sensex crashing over 1,000 points on Tuesday after shedding early intraday gains. The sources in the know said FPIs which may be required to provide enhanced disclosures are expected to be significantly less than estimated in the consultation paper and the Sebi board note of October 2023.
A lot depends upon the crucial decision-making skills of the management. If you have any doubts about the management then you always have the choice of selling your shares or not buying stocks of those companies at all.
HDFC chairman Deepak Parekh on Friday exuded confidence that the synergies between HDFC Bank and the group companies will deepen with the bank taking on the mantle of ownership of the group following the reverse merger likely to be effective from Saturday. As chairman of HDFC Ltd, Parekh in the last message to the shareholders said home loans will now be complemented with HDFC Bank's core strengths -- its sales engine, execution capabilities at scale and deep insights on consumer behaviour. The reverse merger of parent HDFC Ltd with HDFC Bank is expected to be effective from July 1.
The growth was led by family-owned companies and business groups with presence in pharmaceuticals, information technology services, and consumer products.
The BSE mid-cap index ended higher by 1.2% or 83 points at 6,985 and the small-cap index advanced 0.9% or 62 points to close at 7,338.
Markets edge higher in closing deals on the back of gains in ITC and HDFC group shares.
The chairman of mortgage giant HDFC Ltd in his annual letter to shareholders, also suggested a one-time restructuring of real estate loans, easing of external commercial borrowing rules and immediate changes in regulations to allow end-to-end execution of housing loans online.
It is, thus, logical that some compensation is paid to a lender, especially when a customer is poached within two years, Parekh noted.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
The two entities' combined distribution network would comprise 4,182 banking outlets and 476 ATMs across 34 states and Union territories of India, with more than 31,000 employees serving about 15 million customers across the country.
/We will stay away from corporate loans,' C S Ghosh, managing director and chief executive officer of Bandhan Bank, tells Namrata Acharya.
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
Parekh ensures that he never forgets the importance of correctness.
8 out of 12 sectoral indices closed in red with BSE IT and Healthcare indices losing 0.5%.
Riding on a strong stock market rally, Anil Ambani-led diversified business conglomerate Reliance Group has crossed Rs one lakh crore market valuation.
Raamdeo's base argument is that India's stock market merely mirrors the national economy, which is poised for big things.
Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms.
For growth in export, continuous gain in productivity is essential.
The Sensex closed the day at 27,490, higher by 479 points and the Nifty ended at 8331.95, up 150.45 points.
Gains were led by Tata Motors on robust Q1 earnings and HDFC Group shares.
Markets shrugged off RBI's neutral stance on key policy rates.
The 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 7 points at 8,087.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
The one common theme across companies that have rewarded shareholders is consumption.
The Sensex ended above 27,000 for the first time while the Nifty topped 8,100.
In any case, Ghosh could take lessons from the best professionally managed companies all over the world that always groom the CEO successors well in advance.
Markets ended at record closing highs for the second day in a row on institutional buying.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
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