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Indian markets extended gains for a fourth session, with Nifty inching closer to its 52-week high amid strong buying in financials, autos, and consumer durables. Optimism over Q3 earnings revival, renewed FII inflows, and dovish Fed cues lifted sentiment further.
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Indian Overseas Bank posted a 58% YoY rise in Q2 net profit to Rs 1,226 crore, driven by lower provisions and improved margins. Asset quality strengthened, with gross NPA falling to 1.83% and net NPA to 0.28%.
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India’s markets regulator aims to boost institutional participation in the country’s agriculture and non-agriculture commodity markets to make them more attractive for hedging, Chairman Tuhin Kanta Pandey said on Thursday.
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