HDFC
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Bonds
HDFC in talks with LIC to raise Rs 10,000 cr as credit demand outlook improves
Mumbai: India’s largest mortgage lender, Housing Development Finance Corp (HDFC), is in talks with LIC of India to raise up to ₹10,000 crore via a local bond sale this week, three people familiar with the matter told ET. The fundraising points to a likely revival in credit demand for new homes. The 10-year bonds may offer 7.25-7.35% and will likely…
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Markets
Sensex, Nifty end lower for second straight session; banking shares lead losses
Sensex and Nifty closed lower in volatile trade for the second session today amid a selloff led by banking shares. After moving over 700 points between gains and losses during the day, Sensex finally ended 104.67 points lower at 57,892. Nifty dropped 17.60 points to end at 17,304.60. Banking shares led by ICICI Bank, Axis Bank and IndusInd Bank were…
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Markets
Sensex, Nifty snap five-day gaining streak; Asian Paints, Axis Bank, HUL top losers
The Indian market snapped its five-day gaining streak amid negative global cues. Sensex closed 12 points lower at 61,223 and Nifty fell 2 points to 18,255. Asian Paints, Axis Bank and HUL shares were the top Sensex losers, falling up to 2.66% on BSE. BSE mid cap and small cap indices rose 58 points and 153 points, respectively. Market cap…
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Markets
Sensex rises 221 points, Nifty ends above 18K; IT shares gain ahead of Q3 earnings
The Indian equity market closed in the green for the third consecutive session today ahead of the Q3 earnings season. Sensex ended 221 points higher at 60,616 and Nifty rose 52 points to 18,055. HCL Tech, HDFC and Tech Mahindra were the top Sensex gainers, rising up to 4.30%. Tata Steel, Bajaj Finance, ITC, Asian Paints and Kotak Bank and…
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Bonds
Bond Yields At Pre-covid High, Beat Home Loan Rates
(This story originally appeared in on Jan 11, 2022) Mumbai: Bonds fell to a pre-pandemic low on Monday even as the sensex surged over 1% to close 651 points higher and the rupee gained 27 paise. The cost of borrowing for the government, as reflected in the yield on 10-year bonds, rose to more than the home loan rates offered…
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