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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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Zerodha CEO Nithin Kamath’s personal Twitter account was compromised via a phishing attack, highlighting a single lapse in judgment. Despite two-factor authentication, attackers accessed one login session, posting scam crypto links. Kamath emphasized that human factors, not just technical measures, are crucial for cybersecurity, advocating for holistic approaches.
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Global Vectra shares surged 20% to Rs 243.14 on the NSE, marking a third consecutive session of gains and a 31% rally over this period. The rise followed ace investor Vijay Kedia increasing his stake, while the stock remains volatile but continues to trade above key moving averages.
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Stock broker Groww on Thursday rolled out commodities trading on its platform, as it continues diversifying its wealth and capital markets offerings.
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