HDFC Bank Share Price Live Updates: HDFC Bank's Price Movement Today
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The Print
7 hours ago
- The Print
Stock markets rebound after 3-day decline on buying in Reliance, HDFC Bank
The 50-share NSE Nifty climbed 140.20 points or 0.57 per cent to 24,821.10. The 30-share BSE Sensex jumped 446.93 points or 0.55 per cent to settle at 81,337.95. During the day, it surged 538.86 points or 0.66 per cent to 81,429.88. Mumbai, Jul 29 (PTI) Snapping the three-day losing run, benchmark BSE Sensex rebounded by nearly 447 points on Tuesday following value buying in blue-chip Reliance Industries and financial shares. Among Sensex firms, Reliance Industries rose the most by 2.21 per cent. Gains in HDFC Bank, Larsen & Toubro, Bharti Airtel and Tata Motors also aided the rally. Asian Paints, Adani Ports, Tata Steel, Maruti and Bajaj Finance were also among the gainers. However, Axis Bank, Tata Consultancy Services, Titan and ITC were among the laggards. 'Amidst lingering uncertainties over the ongoing US-India trade negotiations, the domestic equity market staged a modest recovery from intra-day lows. Investor sentiment remains cautious ahead of key global events, including policy decisions from the US Fed and the August 1 reciprocal tariff deadline. 'Sustenance of this rally is likely to be positive in the near term with an eye on the above details, including Q1 results and this week's monthly expiry,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE smallcap gauge jumped 1.10 per cent and midcap rallied 0.84 per cent. All BSE sectoral indices ended higher. Realty surged the most by 1.64 per cent, followed by telecommunication (1.50 per cent), energy (1.22 per cent), industrials (1.20 per cent), healthcare (1.15 per cent), commodities (1.05 per cent) and auto (0.92 per cent). As many as 2,486 stocks advanced while 1,515 declined and 154 remained unchanged on the BSE. 'Indian equities rebounded sharply on Tuesday, breaking a three-day losing streak as value buying and easing volatility lifted sentiment,' Gaurav Garg, Lemonn Markets Desk, said. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 6,082.47 crore on Monday, according to exchange data. The recovery in the Nifty was driven by oversold positions in heavyweight stocks, coupled with the presence of strong support at the 100-day EMA, Ajit Mishra – SVP, Research, Religare Broking Ltd, said. In Asian markets, Japan's Nikkei 225 index and Hong Kong's Hang Seng settled lower while South Korea's Kospi and Shanghai's SSE Composite index ended in positive territory. Markets in Europe were trading higher. The US markets ended on a mixed note on Monday. Global oil benchmark Brent crude climbed 0.63 per cent up to USD 70.48 a barrel. Stock markets declined for the third day on Monday. The Sensex tanked 572.07 points or 0.70 per cent to settle at 80,891.02 on Monday. The Nifty declined 156.10 points or 0.63 per cent to 24,680.90. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Economic Times
10 hours ago
- Economic Times
HDFC-HDFC Bank merger: Sebi penalises trader for insider trading
Markets regulator Sebi imposed a penalty of Rs 10 lakh on Rupesh Satish Dalal HUF for insider trading in the scrips of HDFC and HDFC Bank ahead of the April 2022 merger announcement. ADVERTISEMENT The case revolves around trading activity carried out by Rupesh Dalal, the Karta of the HUF, just days before the April 4, 2022, announcement that HDFC would merge into HDFC Bank. Sebi's investigation found that Dalal had purchased a series of call options in both stocks on April 1, 2022—three days before the official disclosure. The positions were squared off immediately after the announcement, yielding substantial profits: Rs 5.67 lakh from HDFC options and Rs 2.52 lakh from HDFC Bank. Sebi's order concluded that Dalal was in possession of Unpublished Price Sensitive Information (UPSI), received through an indirect regulator alleged that Mr X, a member of Deloitte's valuation team working on the merger, had passed UPSI to his friend Mr Y (Dalal's son), who then communicated the same to X and Y had already settled cases with Sebi earlier. The circumstantial evidence, including frequent calls and meetings between X and Y around the trading dates, supported the conclusion that Dalal traded on UPSI. ADVERTISEMENT The regulator dismissed Dalal's defence that his trades were based on technical analysis, noting that his history showed little to no activity in derivatives, and his aggressive positions on that specific date were uncharacteristic. The Rs 10 lakh penalty is to be paid within 45 days. The order underscores Sebi's continued emphasis on market integrity and its increasing reliance on circumstantial evidence and call data records in cracking down on insider trading. (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
11 hours ago
- Mint
Top Gainers and Losers on July 29: Apar Industries, Tata Chemicals, Welspun Corp, Birlasoft among top gainers today
Indian equities ended Tuesday's trading session higher after a range-bound trade, snapping a three-day losing streak that had pushed the benchmark indices to a six-week low. The rally was led by select heavyweights, including Reliance Industries and HDFC Bank, which helped markets stage a strong rebound. Markets opened on a flat note and traded with volatility through the first half of the session but picked up momentum in the final hour. The Nifty 50 closed at 24,821, up 0.57% from the previous close, while the S&P BSE Sensex gained 469 points, or 0.58%, to settle at 81,360. The rally's sustainability hinges on stronger upcoming earnings, given the muted start to Nifty 50 results and greater clarity on a potential US-India trade deal. US President Donald Trump has recently finalized trade agreements with major partners, largely favoring the US. Negotiations between India and the United States remain deadlocked over tariff cuts on agriculture and dairy products, dimming hopes of a trade deal ahead of Trump's August 1 deadline, Reuters reported last week, citing two Indian government sources. Trump said on Monday that most trading partners who do not negotiate separate deals would soon face tariffs of 15–20% on exports to the US, significantly higher than the 10% tariff imposed in April. Meanwhile, US and Chinese officials concluded the first of two days of talks aimed at extending their tariff truce beyond a mid-August deadline and exploring ways to maintain trade ties while safeguarding economic security. The muted June-quarter earnings season has also prompted overseas investors to turn aggressive sellers, with FPIs offloading ₹ 6,082 crore worth of stocks on Monday, marking their largest single-day selling in India since May 30, according to provisional data. Key market triggers this week include the Federal Reserve's rate decision, while the Bank of Japan is also set to announce its policy stance. Fed Chair Jerome Powell and his colleagues will begin a two-day meeting on Tuesday to deliberate on rates amid political pressure, evolving trade policy, and complex economic cross-currents. Traders currently see no change in US interest rates this week, while expecting a quarter-point rate cut in mid-September, with around 100 basis points of easing anticipated over the next 12 months. Several stocks witnessed a strong surge in demand on Dalal Street following the release of their June quarter earnings. Apar Industries emerged as the top gainer among Nifty 500 stocks, rallying 12% to ₹ 9,693 after the company reported a net profit of ₹ 263 crore in Q1 FY26, up from ₹ 203 crore in the same quarter of the previous fiscal year. Netweb Technologies also closed with a sharp gain of 8.17% at ₹ 1,975 apiece, resuming its winning streak seen earlier in July after the release of its June quarter results. sure Welspun Corp saw its stock jump 7.13% to ₹ 924 apiece after the company reported a 41% YoY rise in net profit to ₹ 350 crore. Tata Chemicals gained 7% to ₹ 1,000 apiece, snapping a three-day losing streak. Meanwhile, PNC Infratech surged 6.6% to ₹ 318 apiece after being declared the lowest bidder by South Eastern Coalfields (SECL) for a mining project in Chhattisgarh worth ₹ 29.57 billion. Other top gainers from the Nifty 500 pack included Birlasoft, Motilal Oswal Financial Services, Granules India, Varun Beverages, Transformers & Rectifiers, Abbott India, J.B. Chemicals & Pharmaceuticals, Go Digit General Insurance, and Jaiprakash Power Ventures, all ending with gains of over 4%. Zen Technologies emerged as the top laggard among Nifty 500 stocks today, with the stock losing another 5% to ₹ 1,606, extending its losing streak to a fourth straight session. Home First Finance shares also fell sharply, dropping another 5% to ₹ 1,306 apiece after a 7% decline in the previous session. SBFC Finance shares resumed their losing streak, falling 4.3% to a four-week low of ₹ 106 apiece. Sapphire Foods India came under pressure, sliding 3.40% to ₹ 326 apiece, while Indian Energy Exchange (IEX) shares declined 3.21% to ₹ 134.65 after Bernstein downgraded the stock to 'underperform' from 'market perform.' The brokerage, which had recently cut its price target for IEX to ₹ 122, slashed it further to ₹ 99, becoming the first brokerage to assign a sub- ₹ 100 target for the stock.
