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Shares of HDFC Bank crashed over 7% to Rs 1,560 on Wednesday following its Q3 results. Despite a 34% uptick in net profit, investors were unimpressed by loan growth and margins. Top brokerages red-flagged loan growth and lower liquidity coverage ratio (LCR) while maintaining their ratings. HDFC Bank reported a good set of numbers with net profit rising 34% YoY to Rs 16,372.54 crore. Net interest income (NII) rose 24% YoY to Rs 28,471.34 crore. CLSA maintained a buy view, Morgan Stanley remains overweight, Kotak Equities retained buy, and Nuvama downgraded to hold.

Shyan Srinivasan says: "We bring in about 20 odd percent of the India remittances that come into India. Initially, it was just the Middle East and Kerala. Now it is non-Middle East non-Kerala, Middle East non-Kerala all quadrants working in favour and we think we are getting a good traction on that. So, on balance, the bank is now as widespread, as prominent as we would like it to be across many geographies."

L&T Technology Services Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 55863.84 Crore) operating in IT Software sector.

CEOs of investment banking giants expressed optimism about a resurgence in capital markets when they reported fourth-quarter earnings on Tuesday on an improving deal pipeline and U.S. economy, but also warned of risks that could disrupt a nascent recovery.

A preliminary examination by Sebi revealed that Magma had made an announcement on February 10, 2021 on stock exchanges regarding the acquisition of controlling stake by Poonawalla Group in Magma.

Stocks that were in focus included names like RIL, which fell 1.49%, LIC, which rose 4.5%, and Angel One, whose shares declined 13.5% on Tuesday.

Global investors snapped up $21 billion of shares on a net basis in 2023, but the pace has slowed this month ahead of the April-May polls where Prime Minister Narendra Modi is expected to win a third term. Many funds remain light on holdings of Indian stocks.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

U.S. stocks ended lower on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs pressured banks, and as sell-offs in Boeing and Apple weighed on the S&P 500.

Asian stocks stumbled and the dollar was near a one-month high on Wednesday as hawkish rhetoric from central bankers beat back bets of early interest rate cuts, while geopolitical worries kept risk sentiment in check.