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Its net interest margin for the quarter was at 14.1%, improved 113 basis points over the year-ago quarter. Its income for the September quarter grew 106% year-on-year at Rs 640 crore.

The Dow Jones Industrial Average rose 119.95 points, or 0.37%, at the open to 32,537.54.

A 50:50 equity-debt portfolio is said to have the potential to generate meaningful wealth creation in the long term, as the analysis demonstrated a 12% CAGR for this combination

"The Middle East conflict is keeping a floor under gold and silver markets. I remain bullish on gold, the conflict will get worse before it gets better, gold can hit all-time high in the near term," said Jim Wyckoff, senior analyst at Kitco Metals.

The NBFC-MFI had filed draft papers with the market regulator in early July seeking approval for the IPO, which comprises a fresh issue of equity shares for raising Rs 950 crore and an offer for sale aggregating up to Rs 400 crore.

Crude had jumped 3% on Friday after Israel stepped up ground incursions into Gaza, stoking worries the conflict could expand in a region that accounts for a third of global oil output. However, that concern was fading on Monday, analysts said.

The short-term trend of Nifty continues to be positive with rangebound action. The present upside bounce is expected to continue for the short term. The immediate hurdles to be watched are around 19,250 and the next 19,450 levels in the near term. Immediate support is at 19,050 levels, said Nagaraj Shetti of HDFC Securities.

The company’s new sales bookings for the quarter stood at Rs 2,228 crore with its new products and existing inventory continuing to receive strong customer interest.