#847 Daily Money Show — Stock Market News

Original: #847 Daily Money Show | Money Purse Stock Market News

53.6K views · Jul 05, 2024 · 17:25 min · Watch on YouTube ↗

Takeaway

HDFC Bank's Q1 business update fell short of expectations and dragged Bank Nifty -0.83% while broader market stayed positive.

Summary

Sensex -53 pts to 79,96X; Nifty +21 pts to 24,323; Bank Nifty -0.83% on HDFC Bank weakness.
HDFC Bank dragged Nifty by 132 points — Q1 business update showed decent YoY growth in gross advances/deposits/CASA but disappointed market.
Mid/smallcaps positive (+0.74%/+0.59%) — broad market healthy despite headline weakness.
Daily wrap covers HDFC Bank Q1 business update implications in detail.

HDFC BankBank NiftyQ1 update

Original description

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