• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Private Sector Banks Lead Losses As Sensex Plunges 1,200 Points

OMMCOM NEWS by OMMCOM NEWS
January 17, 2024
in Business

New Delhi: Private sector bank stocks were the biggest losers on Wednesday as the Sensex plunged 1,200 points.

Index heavyweight, HDFC Bank is down 6.7 per cent, Kotak Mahindra is down more than 3 per cent, Axis Bank is down 2 per cent, ICICI Bank is down 2 per cent.

AU Bank is down 3.5 per cent, RBL Bank is down 3 per cent, Yes Bank is down 3 per cent, RBL Bank is down 3 per cent. BSE Private Banks index is down more than 3 per cent. South Indian Bank is down more than 4 per cent, Union Bank is down 3 per cent.

Elara Securities said in a report that HDFC Bank’s Q3 PAT of Rs 163.7 billion was broadly in line with our estimates following higher other income (stake sale in Bandhan Bank) and lower tax, even as core profitability fell short of expectations.

The key highlight was higher-than-expected strain on NIM (even on trimmed expectations), given higher funding cost pressures.

Given the regulator’s focus on CD ratio and HDFCB already at 110 per cent, with LCR of 110 per cent, the bank has much to balance (growth versus NIM conundrum).

While one may argue on bottoming of earnings, we believe recovery may take longer and the stock may see time correction till investors find merit in execution, the report said.

 (IANS)

Tags: Sensex
ShareTweetSendSharePinShareSend
Previous Post

Telangana To Expedite Regional Ring Road Works

Next Post

Two US Navy SEALs Missing In Operation Near Somalia

Related Posts

Indian stock markets
Business

Sensex, Nifty End Lower As Broad-Based Selling Drags Markets

October 31, 2025
Adani’s ACC Limited
Business

Adani’s ACC Limited Clocks Robust 460 Pc Net Profit Growth In Q2 With Highest Ever Volume

October 31, 2025
NBFCs’ Education
Business

US Clarification On H-1B Visa Petitions Allays Fears Over NBFCs’ Education Loans: Report

October 31, 2025
Business

Global Brokerages Stay Bullish On Adani Power After Strong Q2; Raise Price Targets Up To Rs 195

October 31, 2025
Business

SEBI Increases Bank Nifty Constituents, Caps Top Stock’s Weight

October 31, 2025
Business

Cannot Just Shut Down Weekly F&O Expiries: Tuhin Kanta Pandey

October 31, 2025
Next Post

Two US Navy SEALs Missing In Operation Near Somalia

Scindia Inaugurates Air India Express Flights Connecting Ayodhya To Bengaluru & Kolkata

US-Bound Japanese Airliner Returns To Tokyo After Passenger Bites Cabin Crew

KHIMJI
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.