Financial, IT stocks lift Sensex over 700 points higher, Nifty tops 23,950
Defying losses in Asian markets, Indian benchmark equity indices opened higher on Thursday, driven by gains in financial, auto, and IT stocks ahead of the quarterly earnings season starting next week. The BSE Sensex rose 699 points, or 0.86%, to 79,189, while the Nifty50 advanced 209.60 points, or 0.88%, to 23,952 as of 11:10 am….
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South Indian Bank reports 18% profit increase in Q2
South Indian Bank reported an 18% increase in profit for the second quarter of this fiscal, with earnings reaching Rs 325 crore. In comparison, the bank had posted a net profit of Rs 275 crore during the same period last year The bank’s Net Interest Income (NII), measured by the difference between interest earned and…
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Gold loan companies slip as RBI orders corrective measures for lapses
Mumbai: Shares of gold loan companies lost sheen on Tuesday after the Reserve Bank of India (RBI) called for these companies to take corrective measures for the lapses in loan sanctioning practices in the next three months. Muthoot Finance fell 3.9% and Manappuram Finance declined 1.9% as analysts see the central bank’s action weighing on…
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