India’s top private lender HDFC Bank has warned that its merger with HDFC Ltd would hit key financial metrics including its margins and bad loan ratios, sending shares down 4% on Wednesday and dragging the blue-chip Nifty 50. HDFC Bank’s gross bad loan ratio is expected to have increased to 1.4% as of July 1 […]
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IDFC First Bank, Manappuram Finance, Oil India among 116 stocks that hit 52-week highs; 15 touch 52-week lowsIDFC First Bank, Manappuram Finance, Oil India among 116 stocks that hit 52-week highs; 15 touch 52-week lows
Benchmark indices NSE Nifty 50 and BSE Sensex were trading in the red zone on Thursday. The NSE Nifty 50 plunged 104.95 points or 0.54% to 19,360.05 and BSE Sensex tanked 357.58 points or 0.55% to 65,181.84. In sectoral indices, Bank Nifty plunged 0.23%, Nifty Auto fell 0.40%, Nifty IT tumbled 0.39%, Nifty FMCG tanked […]