HDFC, HDFC Bank fall nearly 2% after shares turn ex-dividend

The board of directors of HDFC Bank announced a final dividend of ₹19 per equity share with a face value of ₹1, which represents a 1900% dividend. The private sector lender fixed May 16 as the record date for determining eligible shareholders.

HDFC to raise up to ₹8,000 crore via bonds; details here

<ul><li>The unsecured redeemable non-convertible debentures (NCDs) issue will have a base size of ₹3,000 crore with an option to retain over-subscription of up to ₹5,000 crore.</li></ul>

Mcaps of four of top 10 valued firms fall by ₹56,006 crore; HDFC twins take biggest hit

<ul><li>The valuation of HDFC Bank tumbled ₹34,547.61 crore to ₹9,07,505.07 crore, the most among the top 10 firms.</li></ul>

Market Wrap: Sensex, Nifty fall over 1% on selling in HDFC twins

Stock Market

<ul><li>The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17. The NSE Nifty fell 186.80 points or 1.02 per cent to end at 18,069.</li></ul>

HDFC twins fell over 5% each on Friday; here's why

HDFC twins tanked after the MSCI announced that it will use an adjustment factor of 0.50 (vs the expectations of 1) for computing the weight of the merged entity of HDFC Bank and HDFC.

HDFC twins down up to 10% from their one-year highs; should you buy them now?

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Heavyweights HDFC and HDFC Bank have moved in sync with the market in the recent time. In the last one year, they have outperformed the benchmark despite clocking sombre gains, thanks to the prevailing market situation due to sticky inflation, rate hikes and global cues.

HDFC Bank and HDFC shares trade in the red; here's why

<ul><li>On Friday, the National Company Law Tribunal (NCLT) approved the merger of the two entities announced last April.</li></ul>

HDFC, Punjab National Bank hike lending rates; details here

<ul><li>Mortgage lender HDFC has increased its retail prime lending rate by 25 basis points to a minimum of 9.20 per cent. The second-biggest public sector lender, Punjab National Bank (PNB), increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points across all tenure.</li></ul>

NFO Alert: HDFC MF launches HDFC Nifty SDL Oct 2026 Index Fund; all you need to know

The scheme opened for public subscription on February 16, 2023 and will close on February 22, 2023.

Bond yields sustain fall on bets of potential rate hedge by HDFC

<ul><li>The benchmark 10-year yield was at 7.3411% as of 10:00 a.m., after closing at 7.3484% on Wednesday.</li></ul>

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HDFC, HDFC Bank fall nearly 2% after shares turn ex-dividend

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