Indian stock markets faced pressure as key companies like ITC, HDFC Bank, Adani Wilmar, and HUL reported major updates.

Indian markets faced selling pressure on January 6, with key stocks like ITC, HDFC Bank, Adani Wilmar, and HUL in focus due to recent developments. ITC's demerger of its hotel business became effective, while HDFC Bank saw a decrease in its loan-to-deposit ratio and received RBI approval to acquire stakes in other banks. Adani Wilmar reported a 33% revenue rise and plans to expand its FMCG portfolio. HUL is in talks to acquire a direct-to-consumer brand. Other updates included NTPC’s joint venture, Union Bank’s deposit growth, and Milind Nagnur's resignation from Kotak Mahindra Bank.

3 months ago
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