Broader indices underperformed the main ones in the volatile week ended April 19 due to geopolitical worries, rising crude prices, and uncertainty over the US Fed's rate cut timing. However, 38 smallcap stocks saw an uptick as they jumped between 10 and 35%. In the broader market, the BSE SmallCap, MidCap and LargeCap indices shed 1, 2.2, and 1.7%, respectively.
Open FlipThe country's largest private sector lender, HDFC Bank Ltd on April 20 said the credit environment in the Indian economy remains healthy and the bank's credit performance across all segments continues to remain healthy. Total advances of the bank, during the fiscal year 204, rose to Rs 25 lakh crores, showing a jump of 55.4 percent from the year-ago period.
Open FlipHedge Fund Jane Street’s lawsuit against rival Millenium Management regarding a secret trading strategy involves trading in the Indian derivatives market, per FT & Bloomberg. Jane Street had sued Millenium Management and 2 former employees, Douglas Schadewald and Daniel Spottiswood earlier in April, for allegedly stealing a “highly valuable, unique, and proprietary” trading strategy, FT reported.
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