The lender reported a 39% year-on-year drop in net profit for the quarter ending September 2024, with net profit at Rs 1,325 crore, falling short of market expectations of Rs 2,138 crore. In the same quarter last year, the profit was Rs 2,181.47 crore. Despite the profit decline, the bank’s net interest income (NII) increased…
With turncoat FIIs pulling out over Rs 37,000 crore from Indian equities after China started wooing investors with a new bazooka story, Sensex has fallen about 4,786 points in the last 6 trading sessions. Sensex ended Monday’s session 638 points weaker at 81,050 while Nifty ended below the 25,800 level. Investors are fearing that all…
The Indian stock market experienced notable volatility on Monday, October 7, with the benchmark Sensex plunging 1,088 points from its intraday high amid a broad-based selloff. The Sensex opened at 81,926.99 against its previous close of 81,688.45 and rose nearly 450 points to 82,137.77. The index, however, erased all gains and finally ended 638 points,…