Current Market View

Monday, April 18, 2011

Sensex flat; HDFC Bank rises as Q4 results beat forecast

MUMBAI: Indian shares were barely changed in early trade on Tuesday amid weak Asian markets, while HDFC Bank , the country's third-largest lender, rose 1.8 percent after its quarterly profit rose a third, beating street forecast.

HDFC Bank said late on Monday it expects credit demand to rise more than 20 percent in this fiscal year.

At 9:17 a.m. (0347 GMT), the 30-share BSE index was down 0.02 percent at 19,087.49 points, with 21 components declining.

The 50-share NSE index was up 0.03 percent at 5,730.85.

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