Sensex and Nifty 50 stumbled by more than 1% on Monday after investors carried panic selling in IT stocks as concerns escalated following a disappointing fourth quarter by tech giants like TCS and Infosys. Markets were on a winning spree from March 29th to April 13 before correcting.
Markets have been in a 9-days rally in a row! They have been in green on all days of April hence. From March 29 to April 13th, Sensex skyrocketed by over 2,817 points or 4.9%. While Nifty 50 jumped by over 876 points or 5.2%.
For the full year, net profit stood at ₹44,108.7 crore, up 19.3% YoY. Overall, in FY23, the bank posted a total income of ₹192,800.4 crore as against ₹157,263.0 crore for the year ended March 31, 2022.
HDFC Bank has already released its balance sheets performance for Q4FY23. In this quarter, the bank garnered advances of approximately ₹16,005 billion, rising by 16.9% YoY. While deposits stood at ₹18,835 billion in Q4FY23, up by 20.8% YoY.