HDFC Bank’s American Depositary Receipts (ADRs) on New York Stock Exchange (NYSE) fell another 4%, indicating extending of losses after the stock’s sharp correction on Thursday that saw it shed about 5% and briefly erase nearly Rs 1 lakh crore in investor wealth. The continued weakness in ADRs reflects lingering investor concerns following the abrupt…
Newsmakers of D-Street The India-US trade deal gave a fresh thrust to the domestic stock markets which ended with thumping gains across sectors. Financials, auto, realty and chemicals were top sectoral performance while RIL and HDFC Bank were biggest individual contributors for headline indices. While Nifty ended at 25,727.55, gaining 639.15 points or (2.55%, the…
Analyst predictions often offer more than just numbers; they reveal where the next wave of market opportunity could emerge. For investors scanning the Sensex for potential outperformers, the latest analyst consensus highlights several heavyweight names that could deliver strong returns in the coming year. According to Trendlyne data, multiple Sensex stocks show promising upside potential…
The Indian market ended in the green on Tuesday, snapping a three-day losing streak, as value buying in blue-chip names like Reliance Industries and HDFC Bank buoyed sentiment and tempered concerns over persistent foreign outflows and delays in a potential trade deal with the United States. The BSE Sensex rose 446.93 points, or 0.55%, to…
Foreign Institutional Investors (FIIs) have been net sellers in June so far, offloading equities worth Rs 4,192 crore. However they turned buyers this week, buying shares worth Rs 8,710 crore. A strong buying activity on Friday unleashed the bulls as the Indian headline indices ended their three-session losing streak led by action in banks, energy…