HDFC Bank Rises After ADRs Surge 9% Overnight

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.

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Sensex, Nifty Extend Losses Dragged By Banks; Nifty Auto Index Poised For Worst May In Six Years

Gold Silver Reports (GSR) – Market Check: Sensex, Nifty Extend Losses Dragged By Banks – Indian equity benchmarks extended losses dragged by banking heavyweights like ICICI Bank, State Bank of India, Yes Bank and Kotak Mahindra Bank. The S&P BSE Sensex fell 0.37 percent or 128 points to 35,038 and the NSE Nifty 50 index declined 0.33 percent or 35 points to 10,653.

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Bank Nifty 26000 Call Most Active On NSE

Gold Silver Reports (GSR) – Bank Nifty 26,000 Call Most Active On NSE – Nifty Bank’s 26,000 strike price call option was among the most active option contracts on the National Stock Exchange.  Premium on the contract surged 56 percent to Rs 87.50. Over 1.74 lakh shares were added to the open interest which stood at over 8.18 lakh shares. 

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