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Net interest income (NII), the difference between interest earned and interest expended, rose 24% on year to Rs 38,068.62 crore. This was largely on expected lines.

The 30-share Sensex zoomed 909.64 points or 1.52 per cent to settle at 60,841.88. >> For more such web stories click on the ET icon below.

“Given that you are in a situation where the earnings downgrades cycle has started, it has not been a sharp cut in earnings but still the upside that we were seeing every quarter has now dried up and it is behind us. The valuations are still a little elevated. ”

“Even the tail of the Adani issue was keeping the market subdued in the morning. But now the market has started recovering and this is on the back of the fact that the global markets have been much more favourable compared to what was happening in India. We would have expected in normal course a much stronger rally.”

Bonds of Adani Green Energy maturing in September 2024 was among the top gainers after hitting a record low in the previous session. It was trading 7.32 cents higher, at 67.59 cents.

“The global scenario may not turn out to be as bad as we expected and that is where last year IT did really badly and it might come back and so did the digital companies. These two segments might come back with a lot more vigour next year and especially in IT companies, the cash flows are great.”

Nifty50 rose 244 points or 1.38% to settle at 17,854; total market capitalization of BSE-listed firms surged to Rs 266.64 lakh crore

Total income during October-December 2022 increased to Rs 27,092 crore as against Rs 20,482 crore in the year-ago period, BoB said in a regulatory filing.During the quarter, interest income increased to Rs 23,540 crore as against Rs 17,963 crore in the same period a year ago.

“We have not seen a downgrading in the true sense of the word. We have not seen long haul travel in this quarter in significant numbers simply because it is seasonally the cold season in Europe. Secondly, visas still continue to pose a problem. We are witnessing people traveling to the UAE, Middle East, as well as Southeast Asia and that is over and above the travel that we are witnessing on the domestic circuit.”

To safeguard investors from the sharp volatility in stocks of Adani Group companies, NSE has moved Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cements under the short-term additional surveillance measure (ASM) framework. Traders are now required to pay 100% upfront margin even for intraday trades