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Indian shares trudged higher on Monday on the back of a rally in HDFC Bank Ltd following strong quarterly results, although gains were limited by losses in other banks and consumer goods stocks amid rising cases of the coronavirus. After briefly dipping into negative territory from near five-week highs hit earlier in the session, the NSE Nifty 50 index rose 0.47% to 9,308.8 by 0508 GMT, while the benchmark S&P BSE Sensex was up 0.48% at 31,736.98. "Markets may not see much action today in the absence of incremental news flow, although the recent pullback may last a little longer as investors assess the implications of the lockdown and its effect on earnings growth," said Neeraj Dewan, director at Quantum Securities in New Delhi.

In India, falling stock prices means bargains may be for the taking in what has been the most expensive big emerging market.

HDFC Bank Ltd, India's largest private lender, on Saturday posted a nearly 33% jump in standalone net profit for the quarter to December helped by growth in its loans portfolio. HDFC Bank reported a net profit of 74.16 billion Indian rupees ($1.04 billion) for its third quarter, up from 55.86 billion a year earlier, it said in a regulatory filing. The bank's net interest margin (NIM), an indicator of profitability, remained stable at 4.2%.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of HDFC Bank Limited (HDFC Bank) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

Itau Unibanco's (ITUB) decision to acquire Zup will enable it to better serve customers with improved digital capabilities.

Cooper Investors, an independently-owned investment firm, recently published its first-quarter Global Equities Fund (Hedged) commentary – a copy of which can be downloaded here. During the first quarter of 2020, the Cooper Investors Global Equities Fund (Hedged) returned -18.98%, while the benchmark MSCI ACWI was down 19.97%. In the said letter, Cooper Investors highlighted a few […]

Rating Action: Moody's takes rating actions on 11 Indian financial institutions, after change in sovereign outlook. Global Credit Research- 08 Nov 2019. Singapore, November 08, 2019-- Moody's Investors ...

India's largest private lender HDFC Bank on Saturday reported an 18 percent rise net profit in the March quarter, led by strong loan growth, and said its board had shortlisted three candidates in its search for a new chief executive. HDFC Bank's net profit for the quarter ending in March rose to 69.28 billion rupees, up from 58.85 billion rupees a year earlier, the company said in a regulatory filing.

Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

The HDFC Bank has chosen global executive search firm Egon Zehnder to identify a successor to managing director Aditya Puri, the country's top private lender said on Thursday. Reuters had reported earlier on Thursday that the HDFC Bank board had tapped the global head-hunting firm in a bid to end a boardroom impasse over Puri's successor and zero in on a candidate. Four sources familiar with the discussions told Reuters that a six-member internal search committee, appointed in November last year, has been unable to reach a consensus on selecting a successor to Puri, who has been at the helm of HDFC Bank since its inception in 1994.

The Zacks Analyst Blog Highlights: GreenTree, Baidu, HDFC, Changyou and Sibanye

HDFC Bank (HDB) saw a big move last session, as its shares jumped more than 11% on the day, amid huge volumes.

HDFC Bank (HDB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).

Market watchers and experts feel that emerging market stocks could post strong performance next year.

Is HDFC Bank Limited (NYSE:HDB) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds […]

Mitsubishi UFJ Financial Group's (MUFG) interim results for fiscal 2019 are expected to reflect higher expenses related to investments and fall in interest income.

Near-Term Outlook Looks Gloomy for Foreign Bank Stocks

Investing.com - HDFC Bank ADR reported on Saturday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]