The Nifty November 2024 futures closed at 23,491.05, a discount of 27.45 points compared with the Nifty's closing 23,518.50 in the cash market. In the cash market, the Nifty 50 added 64.70 points or 0.28% to 23,518.50. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rallied 3.26% to 15.66. HDFC Bank, Reliance Industries and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

HDFC Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 1746.55, up 2.43% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.25% on the day, quoting at 23745.85. The Sensex is at 78326.94, up 1.28%. HDFC Bank Ltd has added around 1.03% in last one month. Meanwhile, Nifty Bank index of which HDFC Bank Ltd is a constituent, has added around 2.02% in last one month and is currently quoting at 50363.8, up 1.1% on the day. The volume in the stock stood at 99.04 lakh shares today, compared to the daily average of 145.11 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1748, up 2.52% on the day. HDFC Bank Ltd is up 16.03% in last one year as compared to a 20.57% gain in NIFTY and a 16.82% gain in the Nifty Bank index.The PE of the stock is 19.77 based on TTM earnings ending September 24.Powered by Capital Market - Live

The Board of Directors of HDFC Bank has at its meeting held today, approved the appointment of Santhosh Iyengar Keshavan (DIN: 08466631) as an Additional (Independent) Director of the Bank for a period of 3 (three) consecutive years from 18 November 2024. Powered by Capital Market - Live

The Nifty November 2024 futures closed at 23,931.10, a premium of 47.65 points compared with the Nifty's closing 23,883.45 in the cash market. In the cash market, the Nifty 50 tumbled 257.85 points or 1.07% to 23,883.45. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, added 2.24% to 14.59. HDFC Bank, State Bank of India and ICICI Bank and were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,470.10, a premium of 3.25 points compared with the Nifty's closing 24,466.85 in the cash market. In the cash market, the Nifty 50 rose 127.70 points or 0.52% to 24,466.85. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.57% to 14.52. HDFC Bank, ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

HDFC Bank has approved the grant of 2,21,56,230 equity stock options of the face value of Re. 1/- ('options') each at the grant price of Rs.1,734.20 (Rupees convertible into one equity share each of the Bank upon vesting and exercise in terms of the under Employees' Stock Option Scheme ESOS ' Plan H-2024 (ESOS 58).Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,364, a premium of 24.85 points compared with the Nifty's closing 24,339.15 in the cash market. In the cash market, the Nifty 50 advanced 158.35 points or 0.65% to 24,339.15. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, slipped 2.34% to 14.29. HDFC Bank, ICICI Bank and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024.Powered by Capital Market - Live

The Nifty October 2024 futures closed at 24,487.90, a premium of 52.40 points compared with the Nifty's closing 24,435.50 in the cash market. In the cash market, the Nifty 50 lost 36.60 points or 0.15% to 24,435.50. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.31% to 14.59. HDFC Bank, Bajaj Finance and Reliance Industries were the top traded individual stock futures contracts in F&O segment of NSE. The October 2024 F&O contracts will expire on 31 October 2024. Powered by Capital Market - Live

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. Profit before tax (PBT) jumped 11.19% YoY to Rs 22,005.28 crore in Q2 FY25. Net interest income (NII) increased 10% to Rs 30,110 crore in Q2 FY25 as compared with Rs 27,390 crore in Q2 FY24. Core net interest margin was at 3.46% on total asset in Q2 FY25. Total deposits were at Rs 25,00,100 crore as of 30 September 2024, an increase of 15.1% over 30 September 2023. CASA deposits grew 8.1%, comprising 35.3 of total deposits as of September 2024. Gross advances stood at Rs 25,19,000 crore as on 30 September 2024, registering a growth of 7% YoY. Retail loans jumped 11.3%, commercial and rural banking loans grew by 17.4% and corporate and other wholesale loans grew by 12%. Overseas advances constituted 1.7% of total advances. On the asset quality front, the bank's gross non-performing assets (NPAs) stood at Rs 34,250.62 crore as on 30 September 2024 as against Rs 33,025.69 crore as on 30 June 2024 and Rs 31,577.89 crore as on 30 September 2023. The ratio of gross NPAs to gross advances increased to 1.36% as on 30 September 2024 as against 1.33% as on 30 June 2024 and 1.34% as on 30 September 2023. The ratio of net NPAs to net advances stood at 0.41% as on 30 September 2024 as against 0.39% as on 30 June 2024 and 0.35% as on 30 September 2023. Pre-provision operating profit (PPOP) increased 27.24% YoY to Rs 23,884.64 crore during the quarter ended September 2024. The total credit cost ratio was at 0.43% in Q2 FY25, as compared to 0.49% for the quarter ending 30 September 2023. The bank's total capital adequacy ratio (CAR) as per basel III guidelines was at 19.8% as on 30 September 2024 as compared to 19.5% as on 30 September 2023. Tier 1 CAR was at 17.8% and common equity tier 1 capital ratio was at 17.3% as of 30 September 2024. 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.Powered by Capital Market - Live

The key equity indices traded sideways in morning trade. The Nifty slips below the 24,900 level. Media shares declined after gaining in the past trading session. At 09:27 IST, the barometer index, the S&P BSE Sensex, advanced 23.16 points or 0.03% to 81,247.91. The Nifty 50 index declined 31.30 points or 0.13% to 24,822.75. In the the broader market, the S&P BSE Mid-Cap index fell 0.10% and the S&P BSE Small-Cap index shed 0.50%. The market breadth was positive. On the BSE, 1,377 shares rose and 2,290 shares fell. A total of 181 shares were unchanged. Result Today: 360 ONE WAM (up 3.09%), Authum Investment & Infrastructure (up 2.50%), Aurionpro Solutions(up 0.47%), Bajaj Housing Finance (down 0.39%), Balu Forge Industries(down 1.49%), Bhansali Engineering Polymers(down 1.03%), CG Power and Industrial Solutions(up 3.36%), City Union Bank(down 1.20%), Cyient DLM(3.06%), Gravita India(down 0.26%), HFCL(down 0.31%), Mahindra Logistics(down 1.38%), Maharashtra scooters(up 6.95%), Rajratan Global Wire( up 4.71%), Route Mobile (up 1.36%), Solara Active Pharma Sciences(down 0.16%) will declare their result today. Economy: India's net direct tax collections jumped by 182.02% over last decade to Rs 19.60 lakh crore in FY24, from 6.95 lakh crore in FY15, following strong growth in personal income tax, the latest time series data from the Income Tax Department showed. Personal income tax collections zoomed up nearly 300% to Rs 10.45 lakh crore, from 2.65 lakh crore in FY15, outpacing corporate tax collections, which rose by 112.85% to Rs 9.11 lakh crore from Rs 4.28 lakh crore in FY15. Buzzing Index: The Nifty Media index fell 1.36% to 2,014.40. The index rose 1.38% in the past trading session. Saregama India (down 3.5%), Dish TV India (down 3.17%), Tips Music (down 1.63%), Zee Entertainment Enterprises (down 1.58%) and Sun TV Network (down 0.93%), Hathway Cable & Datacom (down 0.86%), and PVR Inox (down 0.78%) declined. Stocks in Spotlight: HDFC Bank rallied 3.50% after 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. Jio Financial Services shed 0.17%. The company 's consolidated net profit increased 3.13% to Rs 689.07 crore in Q2 FY25 as compared with Rs 668.18 crore in Q2 FY24. Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. JSW Steel fell 0.62%. The company said that Jsquare Electrical Steel Nashik, a subsidiary of the company's joint venture entity, has entered into a share purchase agreement to acquire 100% of equity interest in thyssenkrupp Electrical Steel India. The total purchase consideration for the transaction is Rs 4,051.40 crore, subject to closing adjustments.Powered by Capital Market - Live