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HDFC Bank, in a notification to stock exchanges on Thursday, said LIC has received approval from the RBI to acquire up to 9.99% in the bank by January 25, 2025. However, the insurer must ensure that its aggregate holding does not exceed 9.99% of the paid-up share capital or voting rights of the bank at any given time.

Most brokerages upgraded their price targets on the stock after the results. The upgraded average analyst price target on the stock stands at Rs 7,252.08, according to Bloomberg data, which is 4.6% lower than Thursday’s closing price of Rs 7,590.

​Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets.

​IBM shares jumped nearly 13% to a more than 10-year high on Thursday after the company reported a better-than-expected revenue outlook backed by strong demand for its artificial intelligence (AI) services.

​The S&P 500 closed at an all-time high for a fifth straight session on Thursday after data showing strong U.S. economic growth in the fourth quarter boosted sentiment, while Tesla tumbled following a disappointing sales forecast.

Investors who bought shares in the debt-stricken nation’s benchmark KSE-100 Index the day prior to a national vote reaped an average 7% gain over the next month, according to data from the past six elections compiled by Bloomberg. Over a three-month period, the mean advance was 19%.

​Oil prices eased in early trading on Friday, but were set to close higher for the week on positive economic data from the United States and China and a draw in U.S. crude stocks.

​Gold prices edged higher on Friday, but were on track for their second consecutive weekly fall as data indicating strong growth in the U.S. economy kept the dollar firm, while focus shifted to a key inflation print due later in the day.

Profit growth was hit due to higher provisions for bad loans. Interest income increased 29% to Rs 2,082 crore in December 2023 from Rs 1,609 crore a year ago. Non-interest income which includes fees and commission also increased 34% to Rs 2,539 crore.

Brent crude futures were up $1.29, or 1.6%, to $81.33 a barrel at 1521 GMT , while U.S. West Texas Intermediate crude was up $1.37, or 1.8%, to $76.46 a barrel.