Stocks to Watch: HDFC Bank, Infosys, Yes Bank, Hindustan Zinc, RVNL
AI Market Summary
Indian equities weakened as rising global bond yields and elevated oil prices pressured risk appetite, driving Nifty 50 and Sensex lower. Stock-specific news was mixed: HDFC Bank received regulatory approval to appoint a new MD & CEO, Infosys ADRs jumped in US premarket after Accenture's strong results, Dr Reddy's US unit faced a small tax-filing penalty, and Hindustan Zinc reported higher Q2 output.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT-0.05%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
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Indian equities ended lower as rising global bond yields and elevated crude oil prices weighed on sentiment. The Nifty 50 fell 198.50 points, while the BSE Sensex declined 570.59 points.
HDFC Bank received regulatory approval to appoint a new Managing Director and Chief Executive Officer.
Infosys' American Depositary Receipts jumped nearly 8% in premarket trading after peer Accenture reported better-than-expected results.
Dr Reddy's U.S. subsidiary was fined $32,000 for an error in a tax filing.
Hindustan Zinc reported a 5% year-on-year rise in mined metal production for the second quarter to 271,000 tonnes.
