Money on the markets

HDFC Bank shares at all-time high

HDFC Bank, India’s second-largest private bank, rose as much as 2.4
percent to an all-time high of 2,240 rupees during trade on Thursday,
before closing 1.95 percent higher.

It was a good day for financial stocks overall, which rose on the back of rising FII inflows who have been lured by 8.5 percent economic growth forecast this year.

ICICI Bank climbed as much as 4.6 percent during trade to touch its
highest in 29 months, while SBI bucked the trend and ended marginally
lower.

The banking index has gained a whopping 17.3 percent return since July.
Would you invest in a banking stock at this stage?

HDFC Bank gains

HDFC Bank, India’s No 2 private sector lender surged on Monday after it
reported on Saturday that quarterly profit had risen by a third.

HDFC Bank rose as much as 2.8 percent, racing to an all-time high of
1,997.85 rupees, before closing 2.3 percent higher at 1990 rupees.

Mixed day for banks, HDFC Bank down 3 pct

Mixed day for banks, HDFC Bank down 3 pct The BSE banking index fell 0.5 percent on Tuesday after gaining 3.7 percent over the last four sessions. Shares in HDFC Bank slipped 3 percent in trade and ended as the top Sensex loser. The benchmark Sensex too ended a four-session rally, closing 121 points lower at 17590. The other prominent losers were Axis Bank, which slipped 2.2 percent, and SBI which ended 0.6 percent lower. Some smaller peers however had a good day. Bank of India vaulted over 5 percent to the top of the bankex gainers list, while Karnataka Bank gained 2.3 percent. Seeing the current interest rate environment and with the Reserve Bank widely expected to increase rates in April, will you invest in this sector? http://in.reuters.com/article/economicNews/idINIndia-46771020100309

The BSE banking index fell 0.55 percent on Tuesday after gaining 3.7 percent over the last four sessions.

Shares in HDFC Bank slipped 3 percent in trade and ended as the top Sensex loser.

Banking counters soar

Banking stocks kicked off the week on a positive note, with good results from some banks sending the BSE banking index up 2.4 percent.

The Bankex was also the top sectoral gainer on the BSE.

Shares in HDFC Bank topped the list of Sensex gainers with a jump of 4.5 percent. Allahabad Bank added 4.8 percent to emerge as the top Bankex gainer.

Banking index drops

The BSE banking index dropped 1.2 percent on Wednesday in a broader market which ended flat.

The benchmark 30-share Sensex has more than doubled from the lows in early March, registering a rise of more than 78 percent with foreign funds infusing nearly $14 billion in Indian equities.

Banking index gains

The BSE banking index closed 2.2 percent higher on Friday despite analysts’ warning that mid-cap lenders could see muted net profit growth in the July-September quarter.

The banking index has risen nearly 100 percent this year.

Some of the major gainers on the Bankex were Karnataka Bank (up 8.3 percent), Oriental Bank (up 6.8 percent), Union Bank (up 6.5 percent), SBI (up 5.3 percent), ICICI Bank (up 2.4 percent) and Andhra Bank (up 3.7 percent).

Sensex rises over 450 points, DLF jumps

Investors breathed a sigh of relief on Tuesday as the Sensex jumped 453 points to 13,854, regaining some ground after losing over 1500 points in the past six sessions.

The stock market took cues from strong global markets and upbeat economic data from some regions.

Market ends weak, Sensex slips over 1 pct

The Sensex ended the week on a negative note, slipping over 1 percent, but still managed to post its 14th consecutive weekly rise.

Profit-booking continued in a market that has risen sharply since early March, dragging the benchmark down by 174 points to 15,274.

Sensex pares gains on profit booking

The Sensex ended 21.38 points down on Tuesday, erasing early gains of as much as 2.9 percent, as investors took profits after the market had risen more than 13 percent over the past two weeks.

Selling was seen in ONGC (down 2 percent), Reliance Communication (down 3.9 percent), Infosys (down nearly 1 percent) and Jaiprakash Associates (down 6.7 percent), while ICICI Bank, HDFC Bank and SBI were among the top gainers, rising 6.3 pct, 2.4 pct and 1.09 pct respectively.