Among sectoral indices, Nifty Metal index was the top gainer - up 3.74 per cent at 1,724 levels, followed by Nifty Financial Service index (up 3.43 per cent)
These shares were acquired pursuant to invocation of pledge by security trustee on behalf of the corporation, which was pledged against a loan given by the lender in its normal course of business
The reduction in rate comes after the RBI provided a boost to the banking system through its policy measures and also introduced a targeted long term repo operation (TLTRO)
Govt right to crack down on strategic investments from China
The issue surfaced after the shareholding pattern disclosed by HDFC showed the People's Bank of China had hiked its stake in the mortgage lender during the March quarter
HDFC will be in focus in today's session after the People's Bank of China increased its stake in the lending major to 1.01 per cent
Sources say PBoC may have increased its stake by 0.2 percentage points in March
The People's Bank of China holds stakes in companies across the world, including BP Plc and Royal Dutch Shell Plc.
According to him, interest rates will go down further, but banks must pass them on to companies.
In October, the Indian government had issued a circular raising statutory FPI limit of Indian companies to the sectoral foreign investment limit
HDFC Bank slipped over 1 per cent to Rs 882 after global brokerage house Bernstein downgraded the stock to 'unerperform' and sharply slashed the target price to Rs 750 from Rs 1,400 earlier
In two days, investors have lost Rs 9,74,176.71 crore wealth. At close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs 1,19,52,066.11 crore.
Peers investing indicates other investors' reluctance; banks must conserve capital first before bailing out the private lender
SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.
On Friday, HDFC said it is investing in 100 crore equity shares of Rs 2 each in Yes Bank for a consideration of Rs 10 per share (including Rs 8 premium) for an aggregate consideration of Rs 1,000 cr
The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.
Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue
HDBFS has a network of over 1,425 branches in 1,038 towns and cities
HDFC cuts lending rate by 5 bps for salaried people, effective from March 9
Firm claims Delhi High Court, DRT rulings restrain payments; Reliance Home Fin also defaults on interest payment on term loan and cash credit