Why is CCI questioning Air-India merger now? How is Svamitva providing property rights to villagers? Will the Sensex & Nifty sustain at record highs? A brief history HDFC-HDFC Bank merger
Broader markets, too, displayed strength as Nifty Midcap 100, and Nifty Smallcap 100 indices surged up to 1.1 per cent during this period
In a press conference on June 27, HDFC's chairman Deepak Parekh said that the board of these two companies will meet on June 30 to finalise the merger and it will be effective on July 1
However, experts do not see much of an impact on the stock prices as the HDFC twins are highly liquid names and will be able to absorb the selling pressure
Stocks to watch on June 13, 2023: Shares of airline company are likely to be in focus on Tuesday after the DGCA eased norms to launch new overseas destinations.
The fixed deposit rates have been revised by HDFC Bank which launched two unique FD schemes with higher interest rates
Unless major resistances are crossed, both the HDFC and Bajaj twins are likely to face selling pressure on up moves
On Friday, the market breadth was weak, with 2,127 stocks declining and 1,390 advancing
Merged entity to have far lower weighting than expected
Shares of HDFC and HDFC Bank dropped up to 6 per cent. The Street had expected inflows worth $3 billion by foreign portfolio investors
RBI's permission to increase stake in subsidiaries puts an end to the overhang on the stock, said Motilal Oswal in a note
HDFC Bank preview: Near-term focus, analysts said, would be the status of the merger with HDFC Ltd
NBFCs, HFCs drive loan sell-downs to raise funds for rising credit demand; HDFC-HDFC Bank merger may dampen volume in FY24
HDFC Bank awaiting clarity from the RBI on forbearances as merger gets last regulatory approval
The management said the final hearing of NCLT, regarding the merger with HDFC, would take place on January 27, 2023, post which regulatory process will remain to be undertaken.
CLOSING BELL: A surprise dovish tone by the US Federal Reserve, where it said that the central bank is looking to slow the pace of rate hike, cheered market bulls
HDFC Bank reported a 20.1 per cent year-on-year increase in net profit to Rs 10,605.8 crore in July-September
A more stable balance sheet because of the merger will enable HDFC Bank to step up exposures and facilitate higher credit growth in the economy, said the chairman
Increase in lending rates, credit growth etc are expected to help banks report a rise in income and profits in Q1FY23. Here's a glimpse of how Q1 results of the banking sector may look like.
Stock market LIVE updates: As of 7:28 AM, the SGX Nifty Futures quoted 15,881 levels, hinting an upside of 46-odd points on the Nifty50.