✅ IDBI Bank board seek government’s view on LIC’s proposal to buy 51 percent stake. ✅ HDFC Bank to allot 3.9 crore shares to parent HDFC at Rs 2174.09 per share. ✅ PNC Infratech bagged order worth Rs 1,157 crore for highway project in Karnataka. ✅ 5Paisa Capital board approved 1:1 rights issues …
Gold Silver Reports (GSR) – Mid- and small-cap shares were in line with their larger peers as the Nifty Midcap 100 Index rose 0.55 percent and the Nifty Smallcap 100 index climbed 0.9 percent.
Sensex Reclaims 36,000 Led By Reliance, HDFC Bank – Indian equity benchmarks moved higher led by Reliance Industries, HDFC Bank, Infosys and ICICI Bank.
Gold Silver Reports (GSR) – HDFC Bank Share Price Slip Ahead Of Shareholders’ Meeting – Shares of the country’s largest private sector lender fell as much as 0.8 percent to Rs 2,114 ahead of its annual shareholders’ meeting scheduled later in the day.
Meanwhile, the HDFC Bank had 11.6 lakh shares changed hands in a single bock deal on BSE.
Gold Silver Reports (GSR) – HDFC Bank Share Price Slides As Share Limit Increases — Shares of the country’s largest private lender fell as much as 2.5 percent, the most since April 23, to Rs 2,058. Global funds can increase their stake in the Mumbai-based bank by 1.68 percent or 4.3 crore shares, according to NSDL data. At present, they hold 72.3 percent of HDFC Bank, right under the cap of 74 percent for lenders.
Gold Silver Reports (GSR) – HDFC Bank Rises After ADRs Surge 9% Overnight – Shares of the country’s largest private sector lender rose as much as 4.48 percent to record high of Rs 2,126 following sharp surge in HDFC Bank ADR shares overnight. HDFC Bank shares will be opened for FII buying starting tomorrow. Macquarie estimates that buying by foreign investors in HDFC Bank shares could be in excess of $1 billion.