The benchmark equity indices ended the week’s last trading session in the green with the help of Realty and Bank stocks. The NSE Nifty 50 gained 0.47% to settle at 19,819.95, while the BSE Sensex added 333.35 points to settle at 66,598.91. Bank Nifty added 0.62% to 45,156.40. The broader indices traded in green. Among […]
Day: December 18, 2023
India gets green light to join JPMorgan bond index; rupee, bonds gainIndia gets green light to join JPMorgan bond index; rupee, bonds gain
JPMorgan will include India in its widely tracked emerging market debt index, setting the stage for billions of dollars of inflows into the world’s fifth-largest economy and helping it finance its current account and fiscal deficits. India’s local bonds will be included in the Government Bond Index-Emerging Markets (GBI-EM) index and the index suite, benchmarked […]
HDFC Bank: Rebound in retail; deposit mobilisation critical for bank’s liability transitionHDFC Bank: Rebound in retail; deposit mobilisation critical for bank’s liability transition
HDFC bank’s latest filings highlight the key points: (i) Encouraging rebound in the retail sector driven by a reduction in provisions, (ii) consistent strong performance in the corporate division, (iii) significant improvement in asset quality concerns, and (iv) a noticeable inclination towards long-term loans, particularly within the corporate sector. Short-term focus should be directed towards […]