The market continued with its southward journey amid choppy trade in afternoon while the rupee fell 18 paise to 61.73 against the US dollar. The Sensex is down 76.81 points at 20530.73, and the Nifty is down 21.85 points at 6090.85. Declining shares outpaced advancing ones by 1400 to 879 on the Bombay Stock Exchange.
HDFC Bank shares lost more than 2 percent after its second quarter (July-September) net profit rose 20 percent -- higher-than-expected -- to Rs 1,982 crore, compared to a year ago period led by higher other income. However, NPAs of the bank increased during the quarter. Net interest income of the country's second largest private sector lender jumped 20 percent to Rs 4,476 crore in September quarter from Rs 3,732 crore in a year ago period, which was below the analysts' forecast.
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