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India’s major indices Nifty and Sensex closed largely unchanged on Thursday as selling pressure on financial stocks limited gains in auto and FMCG stocks. HDFC Bank, which has the highest weightage in Nifty after Reliance Industries (RIL) emerged as the biggest laggard. The broader Nifty rose 14 points, or 0.06%, to close at 25,496.55, while […]
Indian government bonds closed lower on Thursday after a choppy session as traders looked ahead to the penultimate debt auction of the current financial year and the first GDP growth figures in a new series.The 6.48% bond yield for 2035 ended at 6.6943%, after finishing at 6.6777% on Wednesday. Bond yields move in the opposite […]
India’s frontline indices Nifty and the BSE Sensex closed sharply lower on Tuesday, dragged by a sharp decline in IT, auto and banking stocks. Today’s fall has wiped out Rs 2.85 lakh crore of investor wealth for stocks listed on the BSE. While the 30-share Sensex closed 1,069 points or 1.28% lower at 82,226, the […]
Shares of IDFC First Bank rose around 3% on Tuesday after Haryana Chief Minister Nayab Singh Saini said the entire amount debited from the state government-linked accounts in the alleged Rs 590-crore fraud case has been recovered in less than 24 hours.The lender’s shares rose to Rs 72.24 apiece on Tuesday afternoon before wiping out […]
Outstanding credit to the commercial sector crossed Rs 300 lakh crore at the end of January, up 14.7% year-on-year, signaling a pick-up in loan demand in response to the Reserve Bank of India’s (RBI) 125 basis point cut in policy rates over the past year to boost growth. One basis point is one hundredth of […]
Shares of IDFC First Bank ended Monday’s session 16% lower after the private lender discovered fraudulent activities by its employees at one of its branches in Chandigarh. This was the worst one-day drop for banking stocks since March 2020.Shares of IDFC First Bank closed at Rs 70.09 apiece on Monday. Earlier in the day, the […]
According to an official circular, the Haryana government has dissolved IDFC First Bank and AU Small Finance Bank for government affairs with immediate effect until further notice. No government funds will be parked, deposited, invested or traded through these institutions, the report said. “IDFC First Bank and AU Small Finance Bank are hereby dismantled with […]
Shares of IDFC First Bank are likely to remain in focus during Monday’s trading session after the lender unearthed a major fraud of Rs 590 crore at its Chandigarh branch.In a regulatory filing, IDFC First Bank said certain employees of its Chandigarh branch were allegedly involved in fraudulent transactions worth Rs 590 crore from accounts […]
Markets traded on a downward trend on Friday to end lower, pressured by mixed global cues and caution over the Union budget. With all eyes on the Union Budget, analysts expect increased volatility during the special trading session on Sunday and suggest a hedged approach be preferred.In today’s trading, shares of Meesho, Bajaj Auto, Adani […]
Private sector lender IDFC First Bank on Saturday reported a 48% year-on-year rise in net profit to Rs 503 crore for the third quarter of FY26, compared to Rs 339 crore in the same period last fiscal.Net interest income or NII grew 12% year-on-year to Rs 5,492.4 crore, compared to Rs 4,902 crore in the […]
