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idfc first bank

India’s current account deficit likely at below 1% of GDP in FY24

by Mark McDuffie
India’s current account deficit likely at below 1% of GDP in FY24

Mumbai: A narrower-than-expected trade deficit and higher services exports in January have prompted economists to scale down the current account deficit (CAD) estimates for FY24. Capital inflows through both foreign …

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PSU bank stocks steal limelight from private sector peers in 2023; will they do so in 2024?

by Mark McDuffie
PSU bank stocks steal limelight from private sector peers in 2023; will they do so in 2024?

While benchmark Nifty 50 gave high double-digit returns in 2023, the sector with the highest weightage in the index did not lead the bull run. Year-to-date, the Nifty 50 has …

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nifty bank: Nifty Bank hits fresh record high; use dips as a buying opportunity

by Mark McDuffie
nifty bank: Nifty Bank hits fresh record high; use dips as a buying opportunity

The Nifty Bank index hit a fresh record high on Monday tracking positive global cues but witnessed some selling pressure at higher levels. Experts see some consolidation at higher levels …

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idfc first bank block deal: Warburg Pincus offloads 1.3% stake in IDFC First Bank for Rs 790 crore

by Mark McDuffie
idfc first bank block deal: Warburg Pincus offloads 1.3% stake in IDFC First Bank for Rs 790 crore

US-based private equity firm Warburg Pincus sold its partial stake in IDFC First Bank through block deals on Thursday. Warburg Pincus, through its affiliate Dayside Investment, offloaded 9.17 crore shares …

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economic growth: ​GDP surprises at 7.6% for Q2, experts expect higher FY24 growth

by Mark McDuffie
economic growth: ​GDP surprises at 7.6% for Q2, experts expect higher FY24 growth

The Indian economy kept its momentum, growing nearly a percentage point higher than expected at 7.6% in the second quarter, buoyed by the manufacturing and construction sector, with experts suggesting …

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Nifty Bank underperforms, retests 200-DMA. Key levels to watch out for on Thursday

by Mark McDuffie
Nifty Bank underperforms, retests 200-DMA. Key levels to watch out for on Thursday

The Nifty Bank index underperformed benchmark indices on Wednesday but managed to recoup some losses as it bounced back after retesting 200-DMA on the daily charts. The index closed 239 …

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nifty bank today: F&O Trading Strategy: Nifty Bank closes below 44,000. What’s in store for Monday

by Mark McDuffie
nifty bank today: F&O Trading Strategy: Nifty Bank closes below 44,000. What’s in store for Monday

Nifty Bank closed lower for the second day in a row on Friday. The index fell over 500 points to close below the 44000 mark, weighed down by the Reserve …

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bonds: A gush of state bonds may upend market dynamics

by Mark McDuffie
bonds: A gush of state bonds may upend market dynamics

Mumbai: Even as the sword of large-scale open market bond sales by the Reserve Bank of India hangs over the debt market, state governments in the poll season have upset …

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Big movers on D-Street: What should investors do with ZEE, SBI Card and IDFC First Bank?

by Mark McDuffie
Big movers on D-Street: What should investors do with ZEE, SBI Card and IDFC First Bank?

Equity indices closed higher for a second straight session on Monday amid mixed trend in global markets. The 30-share BSE Sensex jumped 329 points to settle at 64,112, while the …

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IDFC First Bank share price: IDFC First Bank shares fall 5% post Q2 earnings; Motilal Oswal downgrades stock

by Mark McDuffie
IDFC First Bank share price: IDFC First Bank shares fall 5% post Q2 earnings; Motilal Oswal downgrades stock

Shares of IDFC First Bank fell over 5% to the day’s low of Rs 81.45 on the NSE in the opening trade on Monday amid selling pressure in banks and …

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