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Time of India
2 days ago
- Business
- Time of India
Stock market update: Nifty Bank index advances 0.89% in an upbeat market
NEW DELHI: The Nifty Bank index traded positive around 10:57AM(IST)on Monday in an upbeat market. ICICI Bank Ltd.(up 2.76 per cent), HDFC Bank Ltd.(up 1.96 per cent), Kotak Mahindra Bank Ltd.(up 0.8 per cent) and IDFC First Bank Ltd.(up 0.62 per cent) were among the top gainers. Explore courses from Top Institutes in Select a Course Category Data Science Healthcare Degree Data Science Finance Digital Marketing Leadership CXO Public Policy MCA healthcare Product Management Cybersecurity Management Operations Management MBA Project Management Design Thinking others Artificial Intelligence Others PGDM Data Analytics Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Au Small Finance Bank Ltd.(down 5.23 per cent), IndusInd Bank Ltd.(down 3.2 per cent), Bank of Baroda(down 1.03 per cent), Canara Bank(down 0.9 per cent) and Federal Bank Ltd.(down 0.87 per cent) were the top losers on the index. The Nifty Bank index was up 0.89 per cent at 56783.6 at the time of writing this report. Benchmark NSE Nifty50 index was up 88.35 points at 25056.75, while the BSE Sensex was up 356.27 points at 82114.0. Live Events Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red. Shares of Vodafone Idea , YES Bank , JP Power , PC Jeweller and Ola Electric Mobilit were among the most traded shares on the NSE. Shares of Bluspring Enterprises Ltd., Digitide Solutions Ltd., Paradeep Phosphates , Gallantt Metal and Soma Textiles hit their fresh 52-week highs in today's trade, while Reliance Comm , LCC Infotech, Smartworks Coworking, Supreme Engineering and Marshall Machines hit fresh 52-week lows in trade.
The Hindu
14-07-2025
- Business
- The Hindu
After taking singles last year, now positioned to go for the boundaries: HDFC Bank CEO
With FY25 being the first full year of the merger of HDFC Ltd. into HDFC Bank Ltd. and having built upon it, HDFC Bank, India's largest private sector lender, is now eyeing sizeable growth in the future, a top executive said. 'The successful playing out of the merger synergies, the reduction in the credit deposit ratio and the large-scale mobilisation of deposits, all constitute tailwinds for the bank,' Sashidhar Jagdishan, Managing Director and Chief Executive Officer, HDFC Bank Ltd said in the bank's annual report which was released on Monday. 'To use a cricketing analogy, we focused on taking singles in the year that concluded and are now positioned to go for the boundaries,' he said. He said as a merged entity, the HDFC Bank Group has several key subsidiaries with businesses in life as well as general insurance, mutual funds and brokerage, positioning it as a strong financial services conglomerate. 'The mortgage business which was a key component of the merger, has grown from strength to strength and is now the largest in the country. This portfolio has also been a catalyst for increased cross-selling opportunities within the HDFC Bank Group,' he said. Stating that more than 95% of the incremental home loan customers were now opening Current Account Savings Accounts with the bank, with over half of them opting for additional product offerings, he said this had enhanced customer convenience. He said the Bank's NBFC (Non-Banking Financial Company) subsidiary, HDB Financial Services Ltd was recently listed in accordance with regulatory requirements. Mr. Jagdishan said that the bank's cybersecurity measures were focused on ensuring the highest level of protection against cyber threats, with proactive monitoring and automated incident response capabilities, enhanced network visibility and a zero-trust security model. 'We remain focused on being a cyber-resilient, regulatorily compliant and trusted institution that can adapt and succeed in the emerging risk landscape,' he added. He said over the last four plus years, the bank had worked tirelessly on scaling, fortifying and modernising its technology backbone through enhanced investments on resources and collaboration with key partners and the results were now visible. 'Our core now seamlessly supports scalability and resiliency has been built by design. Our focus to further modernise through our 'Hollow the Core' programme is progressing well,' he added. Mr. Jagdishan said in line with digital adoption GenAI would play a central role on 'how we innovate, stay resilient and create value for the future.'
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Business Standard
10-07-2025
- Business
- Business Standard
Traders watch expiry day moves after Sebi ban on Jane Street Group
The benchmark NSE Nifty 50 Index opened little changed, with its biggest components - HDFC Bank Ltd., Reliance Industries Ltd. and ICICI Bank Ltd. - barely moving Bloomberg By Chiranjivi Chakraborty and Ashutosh Joshi Traders scrutinizing India's derivatives market watched for signs of unusual trading on the first major expiration day following a ban on Jane Street Group. The benchmark NSE Nifty 50 Index opened little changed, with its biggest components — HDFC Bank Ltd., Reliance Industries Ltd. and ICICI Bank Ltd. — barely moving. While it closed down 0.5%, the India NSE Volatility Index ended at its lowest level since April 2024. Nifty 50 options trading was the lowest for an expiration day since May 29 but in line with the average volume for this year's expiries, data compiled by Bloomberg show. Investors have been waiting for this day to see if the Securities and Exchange Board of India order released last Friday would have any impact on the market. It's on Thursdays that about half of the nation's equity-derivatives expire — a day at the center of Jane Street's lucrative strategy that SEBI called market manipulation. The US giant has denied the allegations, saying it was deploying common arbitrage trades. Investors are being careful given SEBI's 'strong vigilance,' said Tejas Shah, head of equity derivatives at Equirus Securities in Mumbai. 'No players would want to enter their bad books,' he added. More clarity on the impact of the Jane Street ban may emerge when the nation's leading bourse, the National Stock Exchange of India Ltd., releases its daily report on options prices later. Nimish Maheshwari, an analyst with Beat The Street who publishes on the Smartkarma platform, said he expected a 20% to 30% drop in options volume on weekly contracts relative to previous expiries as large trading firms are holding off deploying strategies similar to Jane Street's. On Tuesday, when the less liquid options on the BSE Sensex Index expired, volume remained in line with previous expirations. That said, the cost of the contracts traded on the BSE Ltd. exchange was 4% below the previous expiration and 28% lower than the eight-week average excluding month-end Tuesdays, according to a note from brokerage Ambit Capital. SEBI has been cracking down on derivatives trading after a 40-fold growth turned India into the world's biggest market for the contracts, with retail investors losing billions of dollars on the bets. While the cubs have tamed down trading, their losses have worsened, a report from the regulator showed earlier this week.
Time of India
03-07-2025
- Business
- Time of India
Stock market update: Nifty Bank index advances 0.21% in an upbeat market
NEW DELHI: The Nifty Bank index traded positive around 10:41AM(IST)on Thursday in an upbeat market. HDFC Bank Ltd.(up 0.85 per cent), IndusInd Bank Ltd.(up 0.51 per cent), ICICI Bank Ltd.(up 0.47 per cent), Canara Bank(up 0.15 per cent) and Axis Bank Ltd.(up 0.09 per cent) were among the top gainers. Punjab National Bank(down 2.14 per cent), Kotak Mahindra Bank Ltd.(down 1.06 per cent), Federal Bank Ltd.(down 0.29 per cent), Au Small Finance Bank Ltd.(down 0.28 per cent) and Bank of Baroda(down 0.24 per cent) were the top losers on the index. The Nifty Bank index was up 0.21 per cent at 57117.95 at the time of writing this report. Benchmark NSE Nifty50 index was up 97.65 points at 25551.05, while the BSE Sensex was up 322.71 points at 83732.4. Live Events Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red. Shares of Vodafone Idea, RattanIndia Power, FSN E-Comm(Nykaa), Ola Electric Mobilit and JP Power were among the most traded shares on the NSE. Shares of TN Telecom, NACL Industries, Reliance Naval & Engg, Khaitan Chem and Niraj Ispat Ind. hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Globe Civil Projects, Raymond Realty, Palred Technologies and Ganga Forging hit fresh 52-week lows in trade.
Economic Times
03-07-2025
- Business
- Economic Times
Stock market update: Nifty Bank index advances 0.21% in an upbeat market
NEW DELHI: The Nifty Bank index traded positive around 10:41AM(IST)on Thursday in an upbeat market. ADVERTISEMENT HDFC Bank Ltd.(up 0.85 per cent), IndusInd Bank Ltd.(up 0.51 per cent), ICICI Bank Ltd.(up 0.47 per cent), Canara Bank(up 0.15 per cent) and Axis Bank Ltd.(up 0.09 per cent) were among the top gainers. Punjab National Bank(down 2.14 per cent), Kotak Mahindra Bank Ltd.(down 1.06 per cent), Federal Bank Ltd.(down 0.29 per cent), Au Small Finance Bank Ltd.(down 0.28 per cent) and Bank of Baroda(down 0.24 per cent) were the top losers on the index. The Nifty Bank index was up 0.21 per cent at 57117.95 at the time of writing this report. Benchmark NSE Nifty50 index was up 97.65 points at 25551.05, while the BSE Sensex was up 322.71 points at 83732.4. Among the 50 stocks in the Nifty index, 37 were trading in the green, while 13 were in the red. ADVERTISEMENT Shares of Vodafone Idea, RattanIndia Power, FSN E-Comm(Nykaa), Ola Electric Mobilit and JP Power were among the most traded shares on the NSE. Shares of TN Telecom, NACL Industries, Reliance Naval & Engg, Khaitan Chem and Niraj Ispat Ind. hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Globe Civil Projects, Raymond Realty, Palred Technologies and Ganga Forging hit fresh 52-week lows in trade. (You can now subscribe to our ETMarkets WhatsApp channel)
