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HDFC Bank, ACC, BEML to be watched

HDFC Bank s advances aggregated to approximately Rs 10,820 billion as of December 31, 2020, a growth of around 16% as compared to Rs 9,360 billion as of December 31, 2019 and a growth of around 4% as compared to Rs 10,383 billion as of September 30, 2020. The bank s deposits aggregated to approximately Rs 12,710 billion as of December 31, 2020, a growth of around 19% as compared to Rs 10,674 billion as of December 31, 2019 and a growth of around 3% as compared to Rs 12,293 billion as of September 30, 2020. ACC announced the successful commissioning of its new Grinding Unit (GU) at Sindri in the State of Jharkhand effective 2 January 2021. The new facility will add an additional capacity of 1.4 MTPA cement to the existing 3.0 MTPA unit, taking the total capacity at Sindri to 4.4 MTPA.

Indices retreat after hitting record high

Key benchmark indices are trading near flat line amid volatility after scaling record high in early trade. At 9:25 IST, the barometer index, the S&P BSE Sensex, was up 6.57 points or 0.01% at 48,444.35. The Nifty 50 index was down 2.55 points or 0.02% at 14,196.95. The S&P BSE Mid-Cap index was up 0.29%. The S&P BSE Small-Cap index was up 0.48%. The market breadth, indicating the overall health of the market, is strong. On the BSE, 1469 shares rose and 686 shares fell. A total of 98 shares were unchanged. The Union Budget for 2021-2022 will be presented on February 1 and President Ram Nath Kovind will address a joint sitting of both the Houses of Parliament on January 29.

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