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The US dollar dipped on Thursday amidst the backdrop of a simmering trade conflict with China. The mood among investors turned cautious, particularly with whispers about the Federal Reserve potentially lowering interest rates in the near future. As a result, both the euro and yen climbed against the dollar.
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As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend. Take a look.
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Axis Bank reported a 26% year-on-year decline in net profit for Q2FY26, falling to Rs 5,090 crore. While net interest income saw a marginal 2% rise, operating profit declined 3%. Asset quality showed sequential improvement, but gross slippages increased, leading Nuvama to maintain a ‘Hold’ rating with a target of Rs 1,180.
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