Tue, Sep 10, 2024 2:09 PM
L&T Semiconductor Technologies, IBM To Collaborate
A Flip by Shubhangi Gupta
HDFC Bank shares were trading in mild red on October 4 after it said that the sequential rise in deposits outpaced loan growth in the fiscal second quarter. The Mumbai-based bank's gross advances, or loans sanctioned and disbursed, rose 1.3% to Rs 25.19 lakh crore in the quarter ending September following a 0.8% decline in the previous quarter.
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Shares of Forge Auto International made a muted start on the bourses on its stock market debut on October 4 after listing at Rs 113, a premium of 5 percent over the issue price of Rs 108 per share on the NSE SME platform. The listing gains have missed grey market estimates where shares were trading at a premium of 13 percent. The grey market is an unofficial ecosystem where shares start trading.
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The recent rally in Chinese stocks and new curbs on derivatives trading have prompted foreign portfolio investors (FPIs) to cut their exposure to the Indian market. Provisional data from stock exchanges show that FPIs sold $1.82 billion worth of shares on Thursday, marking their third consecutive session as net sellers.
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