The lender reported a net profit of Rs 21,120 crore for Q1 FY27, up 10.2% YoY and around 15% ahead of Motilal Oswal's estimates, supported by healthy treasury income and controlled operating expenses.
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The lender reported a net profit of Rs 21,120 crore for Q1 FY27, up 10.2% YoY and around 15% ahead of Motilal Oswal's estimates, supported by healthy treasury income and controlled operating expenses.
Brent crude climbed 1.44% to $84.79 per barrel and WTI rose 1.08% to $79.29, but Indian oil marketing companies kept petrol and diesel prices unchanged.
Kotak and Citi retained their 'Sell' ratings on Ola Electric after weak volumes, lower average selling prices and continued cash burn weighed on the June quarter, while Goldman Sachs remained cautious on the stock.
Kotak, JPMorgan and Nuvama remained cautious on Kaynes Technology after a strong revenue quarter was offset by weaker profit, higher working capital and delays to new manufacturing facilities.
Trump argued that the naval blockade imposed by US forces had worsened Iran's economic troubles to the point that the regime 'is in very bad shape' and can no longer pay its own troops.
Asian markets rallied on Monday, while the US stock market ended higher last week, as the expectations of Federal Reserve rate hike in its September policy diminished after the nonfarm payrolls data. Meanwhile, crude oil prices traded higher.
Oil Prices On Aug. 10: Brent crude futures rose 91 cents or 1.09%, to $84.46 per barrel, while US West Texas Intermediate crude futures rose 61 cents, or 0.78% to $78.79 a barrel. Traders continue to assess mixed signals amid worries that a deal to open the Strait of Hormuz may not be anytime soon.
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