The bank's net profit stood at Rs 3,990 crore in corresponding quarter last year.
Net Interest Income is expected to increase by 20.8 percent Y-o-Y (up 6.1 percent Q-o-Q) to Rs. 10,942.8 crore, according to ICICI Direct.
Net interest income is projected to grow at a healthy rate of 21 percent at Rs 10,877 crore compared to Rs 9,055 crore in the year ago period.
"Nifty has to cross 10,555 levels decisively for further upmove. Sustenance trade above 10,555 marks may add momentum on upside till 10,650-10,670 levels," says RajeshAgarwal of AUM Capital.
Prakash Gaba of prakashgaba.com recommends buying CG Power with target at Rs 84 and stop loss at Rs 81.50, a buy on ITC with target at Rs 275 and stop loss at Rs 265 and a buy also on Jet Airways with target at Rs 680 and stop loss at Rs 630.
HDFC bank led as the indisputable leader in the banking sector with the market capitalisation of Rs 5.03 lakh crore.
The top Nifty gainers included Cipla which was jumped 4 percent while Grasim Industries gained 2.5 percent. Hero MotoCorp and Indiabulls Housing Finance along with Kotak Mahindra Bank were the other gainers.
The decision to this effect will be taken in the board meeting on April 21, 2018, HDFC Bank said in a regulatory filing.
Shares of the company surged 4.04 percent to end at Rs 3,137.30 on BSE. During the day, it soared 4.46 percent to Rs 3,150.
The central bank usually gives approval for bonuses latest by March 31
The HDFC bank on Tuesday assured the removal of the anti-homeless spikes, preventing the homeless from sleeping outside their building, from its Fort Branch after the move drew negative repsonses from the public.
The market breadth was in favour of the declines with 843 stocks advancing while 901 declined and 292 remained unchanged. On the other hand, in the BSE, 1210 stocks advanced and 1539 declined and 152 remained unchanged.
The MoU is significant as Government e-marketplace will bring transparency and efficiency in the procurement process with assured and timely payment to the sellers, HDFC Bank said in a statement.
Shukla joins the second largest private sector lender after spending over 25 years with Citibank where he was heading the corporate banking vertical for South Asia.
The proposed changes in rules follow a series of financial results of companies being leaked via WhatsApp.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell REC and Adani Enterprises and can buy Amara Raja Batteries.
CA Rudramurthy BV, Head-Research at Vachana Investments recommends selling HDFC Bank, Yes Bank and Axis Bank.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Tata Motors around Rs 330 and HDFC Bank at Rs 1740 while one may book profits in Infosys around Rs 1250.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Firstsource Solutions and Future Lifestyle and can sell Dish TV.
The house has raised HDFC Bank's estimates by over 1 percent for FY19-20 and see 21 percent CAGR in profit over FY17-20 adding that planned capital raise will lift Tier-I capital adequacy ratio (CAR) by + 300 bps to 17 percent.
Improvement in private consumption, increase in capacity utilisation and private capex cycle revival will be driving higher growth, a report by HDFC Bank's economists said.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NCC and IndusInd Bank and can sell Reliance Communications.
Ashwani Gujral of ashwanigujral.com recommends buying Interglobe Aviation, PC Jeweller and Ahluwalia Contracts.
Mitessh Thakkar of miteshthacker.com recommends buying Axis Bank with a stop loss of Rs 529 and target of Rs 551 and Britannia Industries with a stop loss below Rs 4900 for target of Rs 5200.
In the high-profile leakage case where sensitive financial details of various companies, including HDFC Bank, got leaked on WhatsApp before their formal announcement, Sebi virtually censured the top private sector lender