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As of December 31, 2022, 66% of the company’s total monthly average AUM is contributed by individual investors compared to 58% for the industry.In an exchange filing, the company said that it had a market share of 12.8% of the individual monthly average AUM in the industry, making it one of the most preferred choices of individual investors.

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The partially convertible rupee eased to 81.72 per dollar, compared to its previous close of 81.390. The currency breached its 100-day moving average of 81.733 late in the session, falling 0.7% in two sessions.Traders had earlier cited fixing-related dollar demand and stop losses of speculators being triggered after the Reserve Bank of India (RBI) was suspected to be in the market on Monday.

Stock market update: Nifty IT index advances 0.77%

Updated at : 2023-01-24 17:20:03

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The Nifty IT index closed 0.77 per cent up at 30316.9.

At the same time, interest income rose to Rs 4,627 crore as compared to Rs 3,919 crore in the same quarter a year ago.On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 5.63 per cent of gross advances as compared to 8 per cent at the end of the third quarter of 2021-22.

In the upcoming index review of the National Stock Exchange in March, the frontline indices – Nifty50, Nifty Bank, and Nifty IT – may not see any changes. >> For more such web stories click on the ET icon below

Axis Bank on Monday reported a sharp 62% YoY growth in net profit for the quarter ended December to Rs 5,853 crore. >> For more such web stories click on the ET icon below

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The company is focussed on its key strategic pillars of building oral care habit in India, driving innovation and renovation through science-led products and premiumisation," Colgate-Palmolive (India) Managing Director Prabha Narasimhan said.

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Its net interest income (NII) for the quarter grew 26.39% to Rs 1,609 crore from Rs 1,273 crore in the same quarter of 2021, whereas total income stood at Rs 3,656 crore against Rs 3,140 crore for Q3FY22

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The Relative Strength Index of the stock stood at 32.43 on Tuesday.

The stock which is part of the S&P BSE Smallcap index is sustaining above the neckline of the rounding bottom pattern placed closer to Rs 300 which suggests that the upside remains intact. The stock closed at Rs 344 on 20 January 2023.

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