After largely bearish trade in the week-ended, the key Indian equity indices would be driven by corporate earnings, futures and options (F&O) expiry and the rupee movement in the week ahead, analysts said.
HDFC Bank today reported an 18.2 per cent increase in its net profit at Rs 4,601.44 crore for the quarter ended June.
HDFC Life today reported 20.2 per cent rise in net profit to Rs 380.18 crore for the first quarter of the current fiscal.
The country's mutual fund industry has a huge growth potential as Indian households save Rs 20-30 lakh annually on average, top official of an asset management company said.
HDFC AMC said its promoters will dilute 12.01% stake through the Rs 2,800-crore offer-for-sale issue that opens on July 25 at a price band of Rs 1,095-1,100 per share.
HDFC Bank today said it has raised Rs 8,500 crore by issuing over 3.9 crore shares on preferential basis to its parent HDFC Ltd.
HDFC Asset Management Co Ltd’s initial public offering of shares next week seeks to raise as much as 28 billion rupees ($409.1 million) in one of the biggest IPOs in India this year.
The green-shoots of demand growth seen in some rural pockets is driven by farm loan waivers and not likely due to real increases in rural incomes and wages, indicative that the economy is still some time away from a full-blown rural revival, says a report.
Combined market capitalisation of nine of the 10 most valued companies surged by a whopping Rs 1,58,882.34 crore last week, helped by an overall strong broader market and smart surge in the valuation of Reliance Industries Ltd (RIL).
The IPO lane is getting busy as at least seven companies, including Lodha Developers and HDFC Mutual Fund, are expected to hit the capital market in the coming week to raise over Rs 14,000 crore.