Foreign Institutional Investors (FIIs) were net buyers in Indian share market in the January-March quarter to the tune of $7.3 billion, increasing stakes in a majority of Nifty 50 and Nifty 500 companies.
Despite interest rates being the lowest in over a decade, the pandemic and the resultant economic impact has ensured that loan demand is very low and the system's credit growth is stuttering at about 6 per cent.
A total of 47 companies including Page Industries, Jubilant Industries, Bilcare, Essar Shipping, IL&FS Engineering, MSTC, Panacea Biotec and Zuari Agro Chemicals, will announce their June quarter earnings today.
As markets continue to witness a downfall that is yet to find a bottom, marquee names in the banking sector like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank are being beaten on the bourses like never before.
IndusInd Bank shares advanced as much as 1.92 per cent in early trade on Thursday after the private sector lender on Wednesday reported 25.75 per cent jump in its net profit at Rs 704.26 crore for second quarter ended Septemb