Indian benchmark equity indices opened sharply lower on Thursday, with the Sensex plunging over 1,000 points and the Nifty falling below the 24,000 mark. The decline followed the US Federal Reserve’s projection of fewer interest rate cuts in 2025, citing persistent inflation and the resilience of the world’s largest economy. The market capitalization of all…
READ MOREProvisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for nonperforming assets (NPA) fell by 2.9% to ₹27,318.2 crore. For PSBs, it fell by 11.6% to ₹14,628.3 crore…
READ MOREIndian benchmark equity indices Sensex and Nifty50 opened marginally higher on Tuesday, amid weak global cues, driven by gains in index heavyweights ICICI Bank, Infosys, and Reliance Industries. The BSE Sensex rose 171 points, or 0.21%, to 81,323, while the Nifty50 gained 45 points, or 0.18%, trading at 24,826 at around 9:19 am. From the…
READ MOREShares of Kotak Mahindra Bank dropped over 3% in Monday’s early trading session to the day’s low of Rs 1,756 on BSE as the bank’s Net Interest Margin (NIM) was reported at 5.02% for Q1FY25. However, Kotak Bank reported a standalone net profit of Rs 6,250 crore for the quarter that ended June 30, 2024,…
READ MOREThe week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On…
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