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The S&P BSE Sensex rallied over 100 points in trade on Monday, led by gains in Sun Pharma, HDFC, Infosys, ICICI Bank and TCS.The 50-share Nifty index also managed to reclaim its crucial psychological level of 8400, supported by gains in Pharma, IT, consumer durable and oil & gas stocks.
IndusInd Bank is likely to report stable loan growth, net interest margin (NIM) and asset quality in April-June quarter which will be announced today. According to a CNBC-TV18 poll, the bank may report net profit at Rs 514.44 crore, up 22.19 percent compared to Rs 421 crore in corresponding quarter last fiscal.India cbank says repo bids rise to 48.07 bln rupees.Indian banks' refinancing with RBI falls to 26.11 bln rupees.India cbank says banks' cash balances fall to 3.54 trln rupees.
The broader markets were witnessing buying interest. The BSE mid-cap and small-cap indices jumped 0.5 per cent each. Essar Oil was the top gainer from the mid-cap space. It was followed by Tata Communications, MRPL, Torrent Pharma, Shriram Transport Finance and Godrej Properties.
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IndusInd Bank is likely to report stable loan growth, net interest margin (NIM) and asset quality in April-June quarter which will be announced today. According to a CNBC-TV18 poll, the bank may report net profit at Rs 514.44 crore, up 22.19 percent compared to Rs 421 crore in corresponding quarter last fiscal.India cbank says repo bids rise to 48.07 bln rupees.Indian banks' refinancing with RBI falls to 26.11 bln rupees.India cbank says banks' cash balances fall to 3.54 trln rupees.
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