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Sensex rises over 200 points in early trade
Equity benchmark Sensex jumped over 200 points in early trade on Tuesday, tracking gains in index majors Reliance Industries, ICICI Bank and HDFC twins amid largely positive cues from Asian peers.
The 30-share BSE index was trading 236.71 points or 0.49 per cent higher at 48,120.09. Similarly, the broader NSE Nifty advanced 68.55 points or 0.48% to 14,379.35.
ONGC was the top gainer in the Sensex pack, rising over 3 per cent, followed by M&M, PowerGrid, Bajaj Finance, L&T, ICICI Bank and Bajaj Finserv. On the other hand, TCS, Tech Mahindra, Infosys, Dr Reddyâs and HCL Tech were among the laggards.
HDFC Chairman Deepak Parekh’s family buys Rs 50-cr sea-view apartment in Mumbai’s Worli
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The deal was registered in the name of his wife Smita Parekh on March 30, just a day before the reduced stamp duty benefit announced by the government of Maharashtra was about to come to an end. The buyer has paid Rs 1.50 crore as stamp duty for the registration of the apartment.
PTI
Stamp duty was charged at 3% of the agreement value between January and March 31.
Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh’s family has purchased a sea-view apartment spread over 7,450 sq ft in K Raheja Corp’s super-premium project Raheja Artesia in Mumbai’s plush Worli locality for Rs 50 crore.
New Delhi: Mortgage lender HDFC Ltd on Monday said it will acquire 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML. .the Corporation has today invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.90 per cent of its share capital issued on a private placement basis, HDFC said in a regulatory filing. The cost of acquisition is at par, that is at the face value of Rs 10 per share, it said, adding the acquisition is expected to be completed in one month. KIFML was promoted by the Kerala Infrastructure Investment Fund Board (KIIFB) to manage Kerala Infrastructure Fund. The company, incorporated in November 2018, acts as an asset management company.
HDFC Bank loans grow 14% in FY21
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HDFC Bank loans grow 14% in FY21
TNN / Updated: Apr 6, 2021, 09:12 IST
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MUMBAI: HDFC Bank has reported 16.3% growth in deposits and 14% in advances during the year 2020-21. Yes Bank and IndusInd Bank too have reported high deposit growth of 54.7% and 27.7% respectively, indicating a gain in market share after a turbulent fourth quarter in FY20.
Although industry business figures for the banking sector will be known only in the coming weeks, RBI data up to mid-March indicates that banking sector growth in deposits will be below 11% and advances at below 6%.
In a statement to the exchanges, HDFC Bank said that its deposits stood at Rs 13.4 lakh crore at the end of March 2021 an increase of 5% over the previous quarter and a 16.3% increase for the financial year.
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The broader NSE Nifty advanced 99.80 points or 0.68 per cent to 14,737.60.
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On April 6, 2021, the 30-share BSE index pared its initial losses and rebounded 313.14 points or 0.64 per cent to 49,472.46.
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PTI
The broader NSE Nifty advanced 99.80 points or 0.68 per cent to 14,737.60. After starting on a weak note, equity benchmark Sensex rebounded over 300 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Infosys and ICICI Bank. The 30-share BSE index pared its initial losses and rebounded 313.14 points or 0.64 per cent to 49,472.46, and the broader NSE Nifty advanced 99.80 points or 0.68 per cent to 14,737.60. PowerGrid was the top gainer in the Sensex pack, rising over 2 per cent, followed by M&M, NTPC, IndusInd Bank, Bajaj Finance, Sun Pharma, Dr Reddy’s, ICICI Bank, HDFC duo and Infosys.