Samridhi Financial Solutions

1) Need to move past Covid and uplift economic sentiment says HDFC Bank chief Aditya Puri. India’s longest-serving bank chief Me Aditya Puri said that there is a need to change the sentiment in the country and move past Covid while taking social distancing precautions.2) Metal stocks declined from the intra-day high after news reported that the European Union might impose anti-dumping duty on import from India, Indonesia.3) Expects momentum on Auto stocks today as September monthly sales data will be announced tomorrow. The market expectation that the Auto players to announce impressive sales data ahead of festival sessions. #MOMarketUpdates #MotilalOswal #IndianStockMarket #MetalStocks #nifty #sensex #autostocks #HDFCBank

1) HDFC Bank- Shashidhar Jagdishan is currently an Additional Director and Head of Finance, HR at HDFC Bank. Jagdishan was the bank's top choice among 3 shortlisted candidates. The bank had recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Garg's names for the post. Jagdishan joined HDFC Bank in 1996. Aditya Puri is set to retire in October 2020. HDFC Bank gained 3% after the news. 2) MCX witnessed smart rally today on account of impressive quarterly results. The market expectation that the MCX will be the major beneficiary on account of rising trading volumes on Gold and Silver. Natural Gas and Oil volatility (Natural gas gain 20%) will be a benefit for MCX. 3) The BMC has allowed shops to remain open on all seven days of the week during Unlock 3 from August 5. This comes after the Central government last month announced the third phase of Unlock 3 and issued new COVID-19 guidelines. Expect positive for Liquor stocks like United Spirits, Hotel (Indian Hotel) and Malls (Trent, Phoneix Mills). Gas #MOMaketUpdates #HDFCBank #MCX #Unlock3 #Gold #Silver #Natural #Indiastockmarket #MotialOswal #NSE #BSE #Nifty50

Tech Stocks - Northbound journey continued in the tech stocks after better than expected Q1 results announced by Infosys, HCL Tech and Wipro. Both the Tech giants Infosys and HCL Tech closed on a record high today. HDFC Bank- HDFC Bank reported Q1 net profits at Rs6660cr grew at 19.6% YoY (inline to our estimates at Rs6680cr) , NII growing at 8% YoY (3% QoQ) to Rs15660cr (expectation Rs15390cr). Other income declined 18% YoY to Rs4070cr (34% below estimates at Rs6140cr) affected by decline in fees & commission income (37% YoY/49% QoQ decline) due to lockdown . Total provisions spiked to Rs3890cr (49% YoY increase) – Expectation Rs4150cr. GNPA at 1.4% vs 1.3% (QoQ) – expectation 1.3%. NNPA at 0.3% vs 0.4% (expectation 0.4%). #MOMarketUpdates #HDFCBank #HCL #Infosys #MotilalOswal #Indianstockmarkets #nifty #sensex #nifty50 #nse #bse

HDFC Bank gained approx. 3% today. In an exchange filing, the bank said that its deposits increased 25% to Rs 11,89,500 crore in Q1 FY21 versus Rs 9,54,600 crore in Q1 FY20. In the January-March quarter, deposits stood at Rs 11,47,500 crore. The bank advances grew by 21% year-on-year (YoY) in the April-June quarter to Rs 10,04,500 crore, compared to Rs 8,29,700 crore in the year-ago period. In Q4 FY2o advances stood at Rs 9,93,700 crore. ... #MOMarketUpdates #MotilalOswal #HDFC #hdfcbank #marketupdates #marketinformation #stocknews #privatebank #NSE #updates #marketcap #stockprice #markettoday #sharebazar #dalalstreet

Three major private banks -Axis, ICICI and HDFC Bank, witnessed smart rally today on the possibility of a fundraising plan for adequate liquidity in the system.The three private banking giants hold a market share of over 80% in the private banking space. A snapshot of their returns in the last 5 years. #MOMarketUpdates #privatebank #hdfcbank #icicibank #axisbank #stockmarket #stocknews #marketnews #marketupdates #bankstocks #NSE #sharemarket

#ResultUpdate #HDFCBank - Tepid growth in Services drives moderation in outlook. Read the result report here: http://ow.ly/aOwg50kgwQT #ResultUpdate #HDFCBank

Click to read today’s MOrning India Report: http://ow.ly/tcwx50kguSqTo view more Research Reports, click here: http://ow.ly/mUBB50kguSp #research #marketupdate #nifty #Sensex #dailymarketresearch #HDFCBank #Wipro #L&TInfotech #research #marketupdate #nifty #Sensex #dailymarketresearch #HDFCBank #Wipro #L