Nifty trades at a 12-month forward P/E of 17.2x, a 13 percent premium to its 10-year average of 15.2x. At current prices, investors are advised to invest in a staggered manner in stocks
The private sector bank has about 4.3 crore customers, of which about 6.5 lakh were unable to use the mobile banking app services due to a technical issue in its new app
Many HDFC Bank's customers have been complaining that they have not been able to use the mobile application for internet banking services for several days
Trends on SGX Nifty indicate a robust opening for the broader index in India, a rise of 100 points or 0.94 percent. Nifty futures were trading around 10,815-level on the Singaporean Exchange.
On the options front, heavy addition is seen in 10800 CE (8.43Lakh shares) and 10700 PE (12.91Lakh shares) which suggests the November Nifty expiry is expected to be within 10700-10800.
The Nifty formed a Shooting Star kind of pattern on daily charts on Wednesday which suggests that the market could have reached an intermediate top.
"Axis Bank's ahead-of-the curve branch expansion will help its net interest margin as growth picks up," HSBC reasoned.
HDFC Bank said it would require prior approval from the Reserve Bank for the transaction expected to be completed by the end of December 2018.
The move is aimed at deploying more money towards road, power and infrastructure projects, a space that has been dominated by NBFCs
Indian markets will be impacted by many impending global factors in the next 1 year. As global trade tiffs are increasingly turning into standoffs, trade and capital flows to and from India would definitely be affected.
In a statement, HDFC Bank said the new rate interest rate on deposits below Rs 1 crore for various tenors will come into effect from November 5.
Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval, it said.
Axis Bank sold 19,79,900 shares at a price of Rs 825 per unit.
Dolat Capital recommended accumulate rating on HDFC Bank with a target price of Rs 2400 in its research report dated October 22, 2018.
Experts feel that investors sitting on cash should buy into markets in a scattered manner instead of making a lump sum payment.
Nalanda Securities bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2284 in its research report dated October 22, 2018.
KR Choksey is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2350 in its research report dated October 22, 2018.
Notwithstanding its large size, HDFC Bank is gaining market share at an accelerated pace, which will aid sustainable high earnings growth
Focus on quality pays handsome dividends in the form of sustainable growth.
The bank reported 20.6 percent year-on-year growth in Q2 FY19 profit to Rs 5,005.73 crore, driven by net interest income (NII), other income and operating income.
Asset quality was stable as gross NPAs stood flat at 1.33 percent sequentially. Net NPA fell to 0.4 percent in Q2 as against 0.41 percent in the June quarter.
Asset quality is also expected to remain stable for the quarter on sequential basis.
Sectors like consumption, consumer durables, banking, and real estate will be impacted the most from the rate hike as the cost of the products will be directly influenced due to increase in interest rate.