Tag: surges

Shares of HDFC Asset Management Company (AMC) surged 12 percent to Rs 2,185.30 on the BSE in Tuesday’s intra-day trade after nearly 6 percent of the total equity of the company changed hands via block deals. As many as 1.3 crore shares, or nearly 6 percent stake in the company worth Rs 2,520 crore, changed hands on the BSE at Rs 1,951 apiece, ABRDN Investment Management Limited (Formerly Standard Life Investments Limited), one of the promoters of HDFC AMC, held 16.21 percent stake in the company as on June 30, 2022, the shareholding pattern data shows. On September 29, 2021, Standard Life Investments Limited sold 10.65 million shares of HDFC AMC on the BSE at an average price of Rs 2,873.79 per share. Standard Life Investments held a 21.23 percent stake in the company as of June 30, 2022, as per BSE data.The block deal in the stock comes after a strong rally in the counter over the last three months. Shares of the asset manager have risen 21.5 percent in the past 90 days on the back of Read more

Indian markets tracked the other Asian markets and advanced today (19th May 2020), propped up by HDFC twins and Bharti Airtel. The S&P BSE Sensex jumped 527 points, or 1.75 percent, to 30,550 levels and the Nifty50 index hovered around 8,970 levels. ONGC, up 6 percent, was the top Sensex gainer. Besides, Bharti Airtel surged 10 percent post its March quarter results to hit a new lifetime high, while HDFC also rose over 4 percent. Nifty sectoral trends remained largely positive, led by the Nifty Financial Services index, up 1.6 percent. In the broader market, the S&P BSE MidCap and SmallCap indexes were up half a percent each. Today, 18 companies, including Bajaj Finance, Apollo Tyre, and Ujjivan Small Finance Bank, are scheduled to announce their March quarter earnings.

Indian equity markets staged a sharp recovery from the morning lows today (8th April 2020) with major private banks and auto stocks leading the charge. The S&P BSE Sensex gained 700 points, or 2.4 percent, to hover around 0.740 levels. The broader Nifty50 reclaimed the psychological level of 9,000 after 228-point, or 2.6 percent, up move. Among individual stocks, IndusInd Bank bounced back nearly 20 percent from the day's low while Axis Bank jumped 8 percent. Besides, Mahindra & Mahindra and HDFC were both up over 6 percent each. All the Nifty sectoral indices were in the green led by Nifty Private Bank index, up 6 percent.

Indian equity markets followed the gains in Asian peers and surged over 4 percent, lifted primarily by pharma, IT, and private bank stocks, in the first trading session after an extended holiday. The S&P BSE Sensex index was up 1,160 points, or 4.21 percent, at 28,750 levels. IndusInd Bank zoomed 17 percent while Axis Bank was up 10 percent. Besides, Sun Pharma, HCL Tech, and ICICI Bank were up in the range of 8-10 percent. The Nifty50 index jumped 333 points, 4.1 percent, higher at 8,410 levels. All the Nifty sectoral indices were trading in the green, led by Nifty Bank, Nifty Pharma and Nifty IT indexes, all up over 5 percent each. In the broader market, the S&P BSE MidCap and SmallCap indexes were also up over 2 percent each.