To better understand the market direction in the days ahead, traders and investors consider the 200-DMA as a more reliable average than its peers 50-DMA and 100-DMA.
HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.
HDFC Bank's quarterly show was in-line; Bajaj Finance was ahead on some metrics but low penetration of new app disappointed
Traders and Investors need to be cautious about the shift in trend, whenever vital supports are violated, it is time to be watchful.
HDFC Bank and HCL Technologies are likely to react to Q3 numbers this morning. While the former reported 18 per cent YoY growth in net, the latter too beat Street expectations.
According to RBI data, at the end of August 2021, HDFC Bank's outstanding credit card base stood at 14.74 million
HDFC Bank's valuation dipped by Rs 2,854.33 crore to Rs 8,56,439.28 crore this week.
Net interest income jumps 13% to Rs 18,443.5 crore in Q3FY22, backed by a 16.5% growth in advances
The lender's net interest income, the difference between interest earned and interest expended, grew by 13% to Rs 18,443.5 cr in Q3FY21
HCL Technologies is scheduled to announce Q3 results on Friday, while HDFC Bank will report numbers on Saturday. Adani group stocks may be in focus on the back of MoU with POSCO.
HDFC Bank's retail loans grew by around 13.5 per cent yoy and 4.5 per cent over September 2021 based on its internal business classification.
While RIL, TCS, Infosys, HUL and Wipro were the gainers, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance and SBI emerged as laggards
Nifty Bank was trading lower for the sixth straight day, having fallen 8 per cent during the period
Jefferies is bullish on HDFC Bank, ICICI Bank, SBI, and HDFC.
The country's licensing policy for financial institutions is past its sell-by date. Innovative solutions are out there but require regulation.
This comes on the back of record highs in the stock markets, caused by a fast-growing digital economy and greater optimism for the post-Covid growth trajectory of the Indian economy
Inverse Head and Shoulder in HDFC Bank may incline market participants to add the stock to their portfolio
According to the technical analyst from Anand Rathi, Britannia is hovering near its 200 DSMA support which also coincides with the ICHIMOKU cloud on the weekly scale, thus the downside seems marginal