IndusInd Bank reported a 72% year-on-year jump in consolidated Q1 net profit to Rs 1,037 crore, aided by lower provisions despite flat net interest income and weaker fee income. Asset quality improved, deposits grew, and capital adequacy strengthened, while advances declined as the lender prioritised portfolio quality and disciplined growth.
The healthcare sector anticipates strong growth in domestic formulations and emerging markets. Companies with less US generics dependence will likely see broad-based growth. Specialty products and biosimilars are expected to be key growth drivers. Hospitals are projected to continue outperforming with capacity additions and improving occupancy. Margins may contract due to higher costs and new facility ramp-up expenses.
Four stocks in the Nifty500 pack that gained over 3% featured in the RSI Trending Up scan on July 21 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups.
A Bloomberg-compiled basket of 15 stocks linked to import substitution has rallied more than 20% since the start of the Middle East conflict, outperforming the benchmark NSE Nifty 50 Index, which has dropped about 2%. The rally stands out as the basket has become a haven for investors seeking shelter from broader market volatility.
What makes the Indian currency more vulnerable than some of its Asian peers is the country’s reliance on imported energy and its ripple effect on the broader economy.
Brent crude prices crossed the mark of $92 a barrel, rising to the levels last seen in early-June. West Texas Intermediate (WTI), the US crude, is now trading near the mark of $85 a barrel, climbing for the fourth straight session.
Indian markets closed marginally higher after balancing mixed global cues and positive earnings. Adani Energy Solutions reported significant profit growth, while Adani Total Gas saw a decline. Maruti Suzuki announced a price increase, and several companies will report quarterly results soon. Bandhan Bank and Indian Hotels also posted strong first-quarter financial performances. Investors are watching key heavyweight sectors and upcoming company announcements closely.
The rupee strengthened by twenty-one paise, closing at ninety-six point twenty-four on Tuesday. Lower oil prices reduced demand for the US dollar, supporting the local currency. Dedicated programs aimed at drawing forex inflows have garnered nearly twenty-one billion dollars. State-run banks sold dollars, providing support around ninety-six point forty-two levels. The currency traded within a narrow range throughout the trading session.
Asian stocks climbed for a second day, led by chipmakers. The Kospi Index saw a significant jump, reflecting AI investment optimism. Crude oil prices advanced, reigniting inflation concerns and pushing Treasury yields higher. Gold and silver also advanced on dip-buying, while the yen slid past 163 per dollar. Investors now await earnings from Alphabet and Tesla for further market direction.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.