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Nifty and Sensex rebound as financials and bank stocks rally. Key movers include Rama Phosphates, Bank of Maharashtra, ICICI Lombard, Persistent Systems, Tata Communications, SKF India, Tata Investment, BLS International, and CE Info Systems.
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Indian government bonds ended higher for a third consecutive session on Wednesday, ahead of the release of the minutes from the central bank’s latest policy meeting, where a dovish tone could fuel further rise.
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Chalet Hotels on Wednesday announced the launch of ATHIVA Hotels & Resorts, debuting across six properties with over 900 keys and a capex of around Rs 1,500 crore.
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Mutual funds added 19 stocks to over 20 portfolios in September 2025, reflecting strong equity confidence. ETMarkets analysis shows top picks like Force Motors, L&T Finance, and Maruti Suzuki delivered double-digit gains, with one stock soaring 155% this year.
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HDB Financial Services Q2 Results: HDB Financial reported a marginal 2% drop in net profit to Rs 581 crore for the July-September quarter, despite a 13% increase in revenue to Rs 4,545 crore. Net interest income rose 20% YoY to Rs 2,192 crore, supported by higher yields and efficient funding. The company’s gross loan book...
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Paytm upgraded to ‘Buy’ by Axis Capital as credit-linked payments, stabilising merchant revenue, and tight cost control drive growth; FY27–28 EBITDA estimates raised 33–46%, with a Rs 1,500 price target implying 20% upside amid robust digital finance expansion.
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HDFC AMC announces its first-ever 1:1 bonus issue, doubling shareholders’ equity and enhancing stock liquidity. The move rewards long-term investors. The company posted a 24.6% YoY rise in Q2 FY26 net profit to Rs 718.43 crore in earnings announced on Wednesday.
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Axis Bank Q2 Results: Axis Bank’s standalone net profit experienced a significant 25% year-on-year decline, falling to Rs 5,090 crore in the second quarter. This decrease occurred despite a marginal 2% rise in net interest income, which reached Rs 13,744 crore during the same period.
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HDFC Life Q2 Results: HDFC Life Insurance Company announced its Q2 results. Net profit saw a 3% year-on-year increase to Rs 448 crore. Net premium income grew by 14% to Rs 18,871 crore. The company also reported strong performance in its first half results, with profit after tax rising 9%.
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