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Oil prices eased on Thursday following weak U.S. payrolls data and some profit taking, but remained underpinned by tight supply as OPEC+ producers stuck to planned moderate output increases. Brent crude fell 37 cents, or 0.4%, to $89.10 a barrel by 0127 GMT, after rising 31 cents on Wednesday.

According to the proposals in the union budget, customers would be able to access post office accounts through net banking, mobile banking, ATMs, and also provide online transfer of funds between post office accounts and bank accounts. This will be helpful especially for farmers and senior citizens in rural areas, enabling interoperability, and financial inclusion.

The Dow Jones Industrial Average rose 224.09 points, or 0.63%, to 35,629.33, the S&P 500 gained 42.84 points, or 0.94%, to 4,589.38 and the Nasdaq Composite added 71.54 points, or 0.5%, to 14,417.55.

The gains, if they hold, could be the biggest single-day surge for the stock in nearly two years, easing some of the concerns around Big Tech valuation that triggered a sector-wide selloff in the past few weeks.

"The proposed inclusion of corporate bonds will catalyse banks’ investment in corporate bonds, especially long-term bonds" said a report by the ratings firm India Ratings.

The company has posted a consolidated PAT of Rs 298.7 crore, as against a net profit of Rs 399.9 crore in the corresponding quarter of the previous fiscal.

In another transaction, Nexus Global Opportunities sold 1,75,000 shares of Sigachi Industries at an average price of Rs 388.02 per share.

The Nasdaq Composite rose 148.5 points, or 1.03per cent, to 14494.472 at the opening bell.

Analysts estimate net profits to grow as much as 53 per cent year-on-year while sales are expected to jump up to 46 per cent year-on-year (YoY). Ebitda margins are likely to jump, they said.

A 30 per cent dip in total provision to Rs 1,065 crore helped the bank report higher profit. Its operating profit, however, fell 12 per cent to Rs 1,527 crore due to a fall in treasury earnings, bank managing director Partha Pratim Segupta said.