Indian stocks drop over 1%, led by HDFC Bank, Reliance

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Market News

Sept 20 - Indian shares fell 1% on Wednesday in their worst day in two months, led by Reliance Industries and HDFC Bank, whose warning about its asset quality ratios also weighed on other financials.

HDFC Bank , the heaviest weighted stock on the Nifty, slid 4% in its worst day since early May after it said its completed merger with HDFC Ltd would hit key financial metrics, including its margins and bad loan ratios. Textile-to-oil conglomerate Reliance , the second-most heavily weighted stock on the Nifty, dropped 2.2% amid multiple block deals, according to LSEG data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines