
Invest wise with Expert advice
Get better recommendations Make better investments.
Get better recommendations Make better investments.
By continuing, I accept the Terms & Conditions and agree to receive communication on Whatsapp
FIIs sold equities worth Rs 3,007.36 crore on Thursday.
The bank estimates that the acquisition will likely be completed by the end of October 2023.
Globally, US markets closed lower after a broad sell-off on Thursday.
For the week, both the Sensex and Nifty have recorded a decrease of approximately 2%, following a 2% increase each and reaching all-time highs in the previous week.
Approval is valid for one year and comes with the condition that HDFC AMC's shareholding in both banks should not exceed 9.5%
The IT sector suffered the most, dropping about 1%, with major companies like HCL Tech and Tata Consultancy Services being the top losers
The partnership focuses on offering MSME business loans and Gold Loans mainly to borrowers in non-urban areas
Additionally, the central bank informed HDFC AMC that its ownership stake in both private banks should not be greater than 9.5%.
Brent futures for November delivery were down 44 cents, or 0.5%, at $89.18 per barrel. West Texas Intermediate crude (WTI) CLc1 in the United States decreased by 49 cents or 0.6% to $89.17.
Indian stock indices Sensex, Nifty 50 were down in the pre-opening session