Both the banks are meeting prospective lenders in a bid to distribute the loan to a wider network of banks across Asia, people familiar with the transaction said. "This is a five-year loan raised at about 125 basis points above the corresponding benchmark secured overnight financing rate (SOFR) and is likely to be syndicated to other lenders in the region by next month," one of them said.

Nine out of 10 business leaders expect growth in profit and revenue, but also expect increased capital expenditure and higher credit, a survey of 300 top corporate executives showed.

"Since HDFC Bank is a darling of the market, the expectations were higher and the lower delivery led to harsh reactions," said Siddhartha Khemka, head of research at Motilal Oswal Securities.

The margin trading funding (MTF) book for the stockbroking industry has increased to ₹54,537 crore as on January 16, compared with ₹29,500 crore in January last year and about ₹7,100 crore in February 2020, according to data compiled by ratings firm ICRA.

The KCP stock rose from Rs 149 on December 15, 2023, to Rs 183 on January 16, which translates into an upside of over 22% in a month. The recent price action pushed the stock above the neckline of the Cup and Handle pattern on the weekly as well as monthly charts.

Tesla dropped 2% after the electric-vehicle maker slashed prices of its Model Y cars in Germany a week after reducing prices for some China models.

At 9:54 a.m. ET, the Dow Jones Industrial Average was down 110.22 points, or 0.30%, at 37,250.90, the S&P 500 was down 36.50 points, or 0.77%, at 4,729.48, and the Nasdaq Composite was down 210.44 points, or 1.41%, at 14,733.90.

India's blue-chip indices posted their worst session in 18 months on Wednesday, led by a slide in top private lender HDFC Bank after its quarterly results. The S&P BSE Sensex closed 2.23% lower at 71,500, while the NSE Nifty50 index closed below the 21,600 level."The ideal strategy to trade this fall would be to sell on rise near the resistance zone (21,800 – 21,820). On the downside, we expect the index to target levels of 21,167, which is the 40-day moving average and below that it can slip towards 20,870, which is the 38.2% Fibonacci retracement level of the rise the Nifty has witnessed from 18,837 – 22,124," said Jatin Gedia of Sharekhan.Here are 4 stock recommendations for Thursday:

The stock recorded its biggest fall on D-Street in over two years, leaving a dent of Rs 1 lakh crore after the company's third-quarter results failed to impress investors. Following the disappointment in December quarter results, a number of brokerages have reduced their target prices. However, it remains a top buy in the long term for many.

As the world's second-biggest economy slows, an increasing number of people are opting to stay single, or delay marriage, due to poor job prospects amid record youth unemployment and chronically low consumer confidence, leading to a record slump in marriage registrations in 2022.

The government proposes to sell an additional 100,450,348 shares, representing 1% of the total paid up capital of the company, in case of an oversubscription. The OFS will open for subscription to institutional investors on Thursday, and for retail investors on Friday.

Minda Corp sold 1,91,22,458 shares of Pricol at an average price of Rs 345 apiece for approximately Rs 660 crore, according to bulk deals data on the exchanges.

DIGITAL WORLD-TRUMP MEDIA/Trump-linked SPAC may raise up to $50 mln via convertible notes, warrants

FIIs net sold Indian equities worth Rs 10,578 crore on Wednesday, according to the provisional data. A majority of this could have been in HDFC Bank, given the high concentration of FIIs in the stock. FPIs hold over 50% stake in the private sector lender.

The Dow Jones Industrial Average fell 79.26 points, or 0.21%, at the open to 37,281.86.

The S&P BSE Sensex plunged over 1600 points while the Nifty50 closed at 21,571, down 460 points on Wednesday. Sectorally, selling was seen in banks, metals, telecom, and realty stocks while the IT space saw some buying.

EPACK Durable, a contract manufacturer for room air conditioners, plans to raise Rs 400 crore through a fresh issue of shares for capacity expansion and debt reduction, and Rs 240 crore through an offer of sale by promoters and private equity investors.

The rights line will be removed from All-World index, MPF All-World index, Global Large cap index, and Emerging index, FTSE said in a release on Wednesday. It will also be removed from three of the factor indices of the global index aggregator.

The total number of demat accounts increased to 139 million in December 2023. New account additions surged to 4.2 million on December 23 vs average monthly additions of 2.1 million in FY23. Here's a look at how top discount brokers fared last month:

Nifty on Wednesday ended 460 points lower to form a red candle on the daily charts with a decisive break below the 20-day moving average of 21,629. Both price and momentum indicators are pointing toward weakness.

Stock splits enhance the liquidity of the company's equity shares and encourage the participation of retail investors by making equity shares of the company more affordable. The valuation of the stock doesn’t change and the balance sheet doesn't get affected in this process.

The total number of demat accounts increased to 139 million in December 2023. New account additions surged to 4.2 million on December 23 vs average monthly additions of 2.1 million in FY23. Here's a look at how top discount brokers fared last month:

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, five stocks witnessed a top-long unwinding. Here's the list:

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Wednesday's trading session, five stocks saw top short covering. Here's the list:

HDFC Bank's 7.51% intraday fall caused a 4.7% or 2,145 points decline in Nifty Bank, its worst since March 2022. All 12 Nifty Bank constituents were in the red, including AU Small Finance Bank, Kotak Mahindra Bank, Federal Bank, and State Bank of India (SBI). The fall affected Nifty Financial Services, which dropped 3.8% or over 800 points. HDFC Bank's Q3 earnings showed a 34% increase in net profit, but investors were concerned about loan growth and margins.

On Tuesday, Federal Bank reported its highest-ever standalone net profit at Rs 1,007 crore for the quarter ended December, up 25% from Rs 804 crore reported in the year-ago period. Sequentially it was up 5.5% versus Rs 954 crore reported in Q2FY24.

Sensex records worst daily performance in 18 months due to the decline in HDFC Bank shares. The HDFC Bank report card had a spillover effect on other banking stocks, with Nifty Bank crashing along with mid and smallcap indices. Rising bond yields in the US contribute to the negative sentiment in the global market.

Closing Bell: Sensex tumbles 1,628 points; Nifty below 21,600; Tata Steel, Kotak Bank slide 4% each.Benchmark indices BSE Sensex and NSE Nifty witnessed a sharp selloff on Wednesday as banks bled following the Q3 results by HDFC Bank. Tensions in the Middle East and dimming rate cut hopes by the US Fed accentuated investors' fears, especially after a sharp rally to record high levels. All sectoral indices in the red, with banking and financial sectors bleeding over 2%

CLSA and Axis Securities have raised their target prices for HDFC Bank, while fund manager Saurabh Mukherjea believes the bank's valuations are attractive. Despite concerns about deposit growth, Mukherjea remains confident in the bank's solid operational performance and sees potential for further investment. Marcellus, the firm managed by Mukherjea, has significant investments in HDFC Bank.

HDFC Bank, India's second most-valued stock, recorded its worst daily performance since the Covid crash 3 years ago, falling 8.5% and causing a market crash. Investors in the bluechip lost over Rs 1 lakh crore as the market capitalisation of the Nifty heavyweight fell to Rs 11.67 lakh crore. Several brokerages have reduced their target prices on the stock, contributing to the downfall.

Sensex plunges 1,500 pts as banks bleed; Nifty slides to 21,600; IT only sector in green; Indian Energy Exchange, HDFC Bank, SAIL, Godrej Industries, Amber Enterprises are some of the top 5 losers today.

The Nifty Metal index was the second worst performer for the day, behind Nifty Bank and fell 2.5% to the day's low of 7,736.15. In the 15-stock index, 14 were on the losing side

HDFC Bank, India's second most-valued stock, recorded its worst daily performance since May 2020, falling 7.9% after several brokerages downgraded their target prices on the stock due to disappointment in Q3 results. The bank's Q3 profit beat expectations, but analysts were disappointed by the flat NIM and yields on interest-earning assets.

In Wednesday's trade, MRF stock witnessed a total of 27,248 equity shares worth Rs 384.6 crore changing hands on NSE. Other than MRF's stock, Page Industries (Rs 37,770), Honeywell Automation India (Rs 37,219), 3M India (34,263) and Shree Cement (Rs 26,527) are other highest-priced stocks in India.

HDFC Bank's 7.51% intraday fall caused a 4% or 1,800 points decline in Nifty Bank, its worst since March 2022. All 12 Nifty Bank constituents were in the red, including AU Small Finance Bank, Kotak Mahindra Bank, Federal Bank, and State Bank of India (SBI). The fall affected Nifty Financial Services, which dropped 3.8% or over 800 points. HDFC Bank's Q3 earnings showed a 34% increase in net profit, but investors were concerned about loan growth and margins.

Following negative cues from global peers, Indian benchmark equity indices traded in the deep red for the second consecutive day on Wednesday, dragged by index heavyweight HDFC Bank after it posted lower-than-expected quarterly results. However, in today's trade, five midcap stocks from the Nifty200 index touched new 52-week highs. Here's a list:

Sensex records worst daily performance in 16 months due to the decline in HDFC Bank shares. The HDFC Bank report card had a spillover effect on other banking stocks, with Nifty Bank crashing along with mid and smallcap indices. Rising bond yields in the US contribute to the negative sentiment in the global market.

Once again on Tuesday there were reports that the Chinese government is planning another push for revival with a special bond issue by their central bank. Now this is not the first time that they have made an attempt, probably a third monetary stimulus attempt. One cannot be sure of what they say and do, but there's another fact: over the last two decades there have been many issues which the Chinese economy has faced, right from debt to GDP concern to shadow banking to property crisis. They all have been resolved and the economy has been able to make a comeback. The biggest impact of the Chinese revival is felt on two things, global metal prices and to some extent oil price. While to take advantage of oil is not something which is easy play for Indian investors, but metal stocks are something which investors with the ability to take contrarian investment decisions, may look at.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Wednesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

On a day when Nifty is trading with a cut of over 1% and Nifty Bank is over 3% down. Several investors would be looking at their portfolios. Probably there would be two very different thoughts that might be coming to the minds. It could be either that smallcaps are a good set of stocks because, despite Nifty's fall, they have not fallen as much so why should one be bothered? Or there is the possibility that some would be thinking that this fall in Nifty can be now moved to smallcaps in some days so sell smallcaps. Now an investor who has taken exposure to smallcaps should first de-link both these correlations with what is happening to the Nifty. He or she should look at individual stocks and then decide to either hold or sell the individual smallcaps as in this space, while collective winds do impact these stocks but at the end of the day long-term performance is determined by the fundamentals of each company.

This is part of the Government's plans to strategically bolster India's maritime capabilities, encompassing ports, shipping, and waterways, The Economic Times reported.

ETMarkets spoke to Nishit Master, Portfolio Manager, Axis Securities PMS on markets, sectors to bet on ahead of Budget 2024 etc.

HDFC Bank shares, which have been underperforming Sensex Nifty as well as peers in the last two years, fell up to 7% to day's low at Rs 1,567.25 on BSE, eroding Rs 83,000 crore or $10 billion wealth in the process.

"Indian Renewable Energy Development Agency and Indian Overseas Bank have joined hands by signing a memorandum of understanding (MoU). The agreement sets the stage for co-lending and loan syndication for a diverse spectrum of renewable energy projects across the nation," the company said in an exchange filing.

While the bank nifty might be the facing pressure in today’s trading session, it is because of the one single bank with high weightage in the indices, for contrarian and short term trader there might be an opportunity given the fact that it has been witnessed that such move are followed by short covering sooner or later. But again this probably is trade for high risk traders or investors who have the ability to take a stand against market narrative.

LTIMindtree’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 6000 and 6400. Let’s plan a trade around this.

"Will stay invested in HDFC Bank," says Saurabh Mukherjea, Marcellus Investment Managers. Saurabh finds HDFC Banks earnings solidly reassuring. Here’s why!

Despite customer disconnections, Vodafone Idea's stock value has tripled in the current financial year, with a nine-month winning streak. Both foreign institutional investors and mutual funds have steadily increased their holdings in the telecom operator. Mutual funds saw the maximum increase in ownership in the December quarter. The number of mutual fund schemes holding the stock also increased. Vodafone Idea's shares rallied on expectations of fund infusion and potential investments for 5G services.

Nifty was pushed from positive to negative territory. But it still closed with only a small loss.

The breakout has opened room for the stock to head towards 7000 levels in the short to medium term, suggest experts.