The domestic equity indices continued to trade with significant losses in afternoon trade. The Nifty tanked below the 23,700 level after hitting the day's high of 24,089.95 in the early trade. Barring IT Index all the sectoral indices on the NSE were traded on red. Investors turned cautious after the first human metapneumovirus (HMPV) case being detected in Bengaluru amid reports of a virus outbreak in China. At 13:25 IST, the barometer index, the S&P BSE Sensex, tumbled 1,097.11 points or 1.38% to 78,128. The Nifty 50 index declined 333.15 points or 1.39% to 23,671.60. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index dropped 1.98% and the S&P BSE Small-Cap index slipped 2.63%. The market breadth was weak. On the BSE, 747 shares rose and 3,305 shares fell. A total of 114 shares were unchanged. Economy: The seasonally adjusted HSBC India Services Business Activity Index rose from 58.4 in November to 59.3 in December, highlighting the strongest rate of expansion in four months. At 59.2 in December, up from 58.6 in November, the HSBC India Composite Output Index signaled the strongest rise for four months. Private sector companies in India posted a faster increase in output at the end of the calendar year. The acceleration was driven by service providers, who recorded a quicker increase in business activity when factory production growth softened. Ines Lam, economist at HSBC, said: 'India's service companies expressed strong optimism in December as business activity growth surged to a four-month high. Forward-looking indicators such as new business and future activity suggested that the strong performance will likely continue in the near future. The easing of input price inflation in the month also supported business sentiment. Strength in the services PMI stands in contrast with the growing signs of a slowdown in the manufacturing industry.' India's foreign exchange (forex) reserves declined by $4.112 billion to an eight-month low of $640.279 billion during the week ended December 27, according to the latest RBI data. For the week ending December 27, foreign currency assets, a major component of the reserves, decreased by $4.641 billion to $551.921 billion. Gold reserves increased by $541 million to $66.268 billion during the week. The special drawing rights (SDRs) were down by $12 million to $17.873 billion, according to the RBI. India's reserve position with the IMF was unchanged at $4.217 billion in the reporting week, the apex bank data showed. Gainer & Losers: Apollo Hospital (up 1.35%), Tata Consumer Products (up 1.23%), Titan Company (up 1.05%), Infosys(up 0.48%) and Tata Consultancy Services (up 0.34%) were the major Nifty gainers. Tata Steel (down 3.93%), Trent (down 3.76%), Kotak Mahindra Bank (down 3.20%), Coal India (down 3.19%) and Bharat Petroleum Corporation (BPCL) (down 2.77%) were the major Nifty losers. Titan Company gained 1.05% after the Tata Group company reported standalone revenue growth of 24% in third quarter of FY25. Kotak Mahindra Bank declined 3.20% after Milind Nagnur, chief operating officer (COO) and chief technology officer (CTO) of the bank, tendered his resignation from the services of the bank due to personal reasons. Stocks in Spotlight: HDFC Bank declined 2.16%. The bank's average deposits stood at Rs 24,52,700 crore as of 31st December 2024, registering the growth of around 15.9% as compared with Rs 21,17,100 crore as of 31st December 2023. FSN E-Commerce Ventures (Nykaa) gained 4.50% after the firm stated that it has witnessed a strong performance with consolidated net revenue growth likely to be higher than mid-twenties in the third quarter of FY25. Adani Wilmar fell 1.38%. The company announced that it has achieved a healthy volume growth of 6% year-on-year (YoY) in Q3 FY25, despite significant price hikes driven by a surge in raw material costs. Dabur India slipped 3.41% after the company informed that it is set to record low single-digit growth in consolidated revenue in the December quarter (Q3 FY25), owing to a subdued demand in the healthcare and beverage segment. Bank of Baroda dropped 5.63%. The bank's said that its domestic deposits increased 9.23% to Rs 11,65,874 crore as on 31st December 2024 as compared with Rs 10,67,371 crore as on 31st December 2023. Angel One advanced 2.39% after the company said that its client base jumped 51.7% to 29.52 million in December 2024 as compared with 19.45 million in December 2023. Global Markets: The Dow Jones index futures were up 19 points, signaling a mildly positive opening for U.S. stocks today. Most of the European markets traded higher as investors sought more clues about the direction of the global economy. Asian equities declined on Monday, despite China's services sector expanded in December at the fastest pace in seven months, driven by robust domestic demand. The Caixin services PMI surged to 52.2, exceeding both market expectations of 51.4 and the November reading of 51.5. In South Korea, a court dismissed an appeal by lawyers of impeached President Yoon Suk Yeol against an arrest warrant, according to a local media report Sunday. Investor sentiment remains mixed after a turbulent end to 2024. While anticipated monetary policy easing and the potential of artificial intelligence to drive growth remain supportive factors, the threat of escalating US-China trade tensions could derail any market rally. Investors are also closely monitoring Beijing for further stimulus measures. US tech stocks staged a strong rebound on Friday, recovering from the losses seen in the final week of 2024. Investors had capitalized on the year-end rally, a period often characterized by positive market movements known as the Santa Rally. On Friday, the Dow Jones Industrial Average rose 0.8% to 42,732.13, the S&P 500 gained 1.3% to 5,942.47, and the NASDAQ Composite surged 1.8% to 19,621.68. This week will feature a shortened trading schedule as the New York Stock Exchange will be closed on Thursday to honor the passing of former President Jimmy Carter. The minutes from the Federal Reserve's December 17-18 meeting, scheduled for release on Wednesday, will provide further insights into the Fed's interest rate outlook. Recent statements have indicated a more cautious approach to rate cuts this year due to persistent inflation and a resilient economy. The US December jobs report is due on Friday.Powered by Capital Market - Live

The bank's average time deposits were Rs 16,35,100 crore as of 31st December 2024, up 21.5% as compared with Rs 13,46,000 crore as of 31st December 2023, and a growth of around 5.8% over Rs 15,45,600 crore as of 30th September 2024, reflecting customer preference for time deposits. The bank's period end deposits jumped 15.8% to Rs 25,63,500 crore as on 31st December 2024 as compared with Rs 22,14,000 crore as on 31st December 2023. The bank's average advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) were Rs 26,27,600 crore for Q3 FY25, a growth of around 7.6% over Rs 24,41,400 crore for Q3 FY24. The bank's period end advances under management (advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation / assignment) increased 6.1% YoY to Rs 26,84,000 crore as on 31st December 2024. The bank's average CASA deposits were Rs 8,17,600 crore as on 31st December 2024, a growth of around 6.0% as compared with Rs 7,71,100 crore for the quarter ended as on 31st December 2023. HDFC Bank's period end CASA deposits stood at Rs 8,72,500 crore as on 31st December 2024, registering the growth of around 4.4% over Rs 8,35,600 crore as of 31st December 2023. HDFC Bank is private sector lender. As of 30 September 2024, the bank's distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 2024. The company reported 5.29% increase in standalone net profit to Rs 16,820.97 crore in Q2 FY25 as compared with Rs 15,976.11 crore in Q2 FY24. Total income rose 9.05% YoY to Rs 85,499.64 crore during the quarter as compared with Rs 78,406.23 crore in Q2 FY24. The scrip fell 1.12% to Rs 1,729.70 on the BSE.Powered by Capital Market - Live

Securities in F&O Ban: Manapurram Finance, RBL Bank shares were banned from trading in F&O on 6 January 2025. Stocks to Watch: HDFC Bank's average deposits were Rs 24,52,700 crore for the December 2024 quarter, a growth of around 15.9% over Rs 21,17,100 crore for the December 2023 quarter, and around 4.2% over 23,54,000 crore for the September 2024 quarter. Vedanta's total aluminum production rose 3% to 6,14,000 tonnes in Q3 FY25 as compared with 5,99,000 tonnes posted in Q3 FY24. Bandhan Bank's total deposits rose by 20.07% to Rs 1,40,999 crore in the quarter ended 31 December 2024 from Rs 1,17,422 crore recorded in the quarter ended 31 December 2023. Dabur India informed that it is set to record low single-digit growth in consolidated revenue in the December quarter (Q3 FY25), owing to a subdued demand in the healthcare and beverage segment. IndusInd Bank's net advances increased 12% to Rs 3,67,166 crore as of 31 December 2024 as compared to Rs 3,27,057 crore as of 31 December 2023. The bank reported a 11% rise on YoY basis while 1% decline QoQ in deposits to Rs 4,09,570 crore as of December 2024. Bajaj Finance's new loans booked increased by 13.6% to 12.06 million in Q3 FY25 as compared to 9.86 million recorded in Q3 FY24. Mahindra & Mahindra Financial Services' overall disbursement for Q3 FY25 is expected around Rs 16,450 crore, a YoY groeth of 7% over previous year. HG Infra Engineering received a letter of intent (LoI) from Gujarat Urja Vikas Nigam for setting up a 250 MW/500 MWH standalone battery storage system in Gujarat.Powered by Capital Market - Live

The Nifty December 2024 futures closed at 23,641.70, a premium of 54.20 points compared with the Nifty's closing 23,587.50 in the cash market. In the cash market, the Nifty 50 dropped 364.20 points or 1.52% to 23,587.50. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 3.87% to 15.07. HDFC Bank, Reliance Industries and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. The December 2024 F&O contracts will expire on 26 December 2024. Powered by Capital Market - Live

HDFC Bank Ltd fell for a fifth straight session today. The stock is quoting at Rs 1792.75, down 0.04% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.93% on the day, quoting at 23729.80078125. The Sensex is at 78412.16, down 1.02%.HDFC Bank Ltd has gained around 2.96% in last one month.Meanwhile, Nifty Bank index of which HDFC Bank Ltd is a constituent, has increased around 1.52% in last one month and is currently quoting at 51575.7, down 0.85% on the day. The volume in the stock stood at 47.38 lakh shares today, compared to the daily average of 226.08 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 1795.1, down 0.14% on the day. HDFC Bank Ltd jumped 6.29% in last one year as compared to a 11.64% rally in NIFTY and a 6.89% spurt in the Nifty Bank index.The PE of the stock is 20.81 based on TTM earnings ending September 24.Powered by Capital Market - Live

HDFC Bank will hold a meeting of the Board of Directors of the Company on 22 January 2025.Powered by Capital Market - Live

The Nifty December 2024 futures closed at 24,775.35, a premium of 66.95 points compared with the Nifty's closing 24,708.40 in the cash market. In the cash market, the Nifty 50 jumped 240.95 points or 0.98% to 24,708.40. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.53% to 14.53. HDFC Bank, Reliance Industries and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. The December 2024 F&O contracts will expire on 26 December 2024. Powered by Capital Market - Live

HDFC Bank Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1865.2, up 0.27% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.53% on the day, quoting at 24596.05. The Sensex is at 81427.54, up 0.58%. HDFC Bank Ltd has risen around 6.26% in last one month. Meanwhile, Nifty Bank index of which HDFC Bank Ltd is a constituent, has risen around 2.3% in last one month and is currently quoting at 53266.9, up 0.48% on the day. The volume in the stock stood at 77.16 lakh shares today, compared to the daily average of 258.41 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 1867.75, up 0.31% on the day. HDFC Bank Ltd is up 14.58% in last one year as compared to a 17.47% spurt in NIFTY and a 14.28% spurt in the Nifty Bank index.The PE of the stock is 21.58 based on TTM earnings ending September 24.Powered by Capital Market - Live

The Nifty December 2024 futures closed at 24,563, a premium of 95.55 points compared with the Nifty's closing 24,467.45 in the cash market. In the cash market, the Nifty 50 added 10.30 points or 0.04% to 24,467.45. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.53% to 14.45. HDFC Bank, Reliance Industries and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. The December 2024 F&O contracts will expire on 26 December 2024. Powered by Capital Market - Live

The Nifty December 2024 futures closed at 24,534, a premium of 76.85 points compared with the Nifty's closing 24,457.15 in the cash market. In the cash market, the Nifty 50 jumped 181.10 points or 0.75% to 24,457.15. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, declined 2.22% to 14.37. HDFC Bank, Reliance Industries and Granules India were the top traded individual stock futures contracts in F&O segment of NSE. The December 2024 F&O contracts will expire on 26 December 2024. Powered by Capital Market - Live