HDFC Bank defies a challenging environment

HDFC-Bank_15HDFC Bank’s core income growth as well as loan book expansion rivals that of fast-growing small banks, with net interest income growing 20.29% on the back of a loan book growth of 19.4%. Photo: Pradeep Gaur/Mint.

 

HDFC Bank Ltd hit all the right notes with investors as it reported a bounce back in its profit growth, stable asset quality and expansion in net interest margin for the fourth quarter of 2016-17.

 

Visit https://www.marketmagnify.com/freetrial.php or give just a Missed call @7879881122.

 

India’s most valuable private sector lender reported a net profit of Rs3,990.1 crore for the March quarter, an 18.3% increase from the previous year, compared with the tepid 15% rise in the December quarter. The fact that most of its metrics have rebounded from their dip in the December quarter shows that it has left the effects of demonetization firmly behind.

AGJ1mcr6I0mzSilver futures were trading lower during afternoon trade in the domestic market on Friday as investors and speculators exited their positions in the precious metal on subdued physical demand amid firmer greenback.
At the MCX, silver futures for May 2017 contract is trading at Rs 41394 per kg, down by 0.27 per cent, after opening at Rs 41440, against a previous close of Rs 41505. It touched the intra-day low of Rs 41319.

Technically market is under fresh selling as market has witnessed gain in open interest by 2.68% to settled at 12019 while prices down -393 rupees, now Silver is getting support at 41145 and below same could see a test of 40785 level, And resistance is now likely to be seen at 41920, a move above could see prices testing 42335.

                         Trading Ideas

*Silver trading range for the day is 40785-42335.

*Silver prices edged lower amid fading demand despite jitters ahead of the French presidential election and ongoing geopolitical tensions over North Korea.

*The Labor Department said initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended April 15.

Share Market News:- शेयर बाजार के शुरुआती कारोबार में मजबूती

देश के शेयर बाजारों के शुरुआती कारोबार में शुक्रवार को मजबूती का रुख है। प्रमुख सूचकांक सेंसेक्स सुबह 9.35 बजे 42.75 अंकों की मजबूती के साथ 29,465.14 पर और shareनिफ्टी भी लगभग इसी समय 17.55 अंकों की तेजी के साथ 9,153.95 पर कारोबार करते देखे गए।
बम्बई स्टॉक एक्सचेंज (बीएसई) का 30 शेयरों पर आधारित संवेदी सूचकांक सेंसेक्स सुबह 153.27 अंकों की बढ़त के साथ 29575.66 पर, जबकि नेशनल स्टॉक एक्सचेंज (एनएसई) का 50 शेयरों पर आधारित संवेदी सूचकांक निफ्टी 42.7 अंकों की बढ़त के साथ 9,179.10 पर खुला।

 

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