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ICICI Bank’s net interest income for the third quarter is projected to grow 10% YoY, while PAT is expected to rise 8% YoY, based on estimates from five brokerages. Analysts anticipate strong business growth, higher cost ratios, and slight margin moderation, with asset quality remaining stable during the period.

Pankaj Tibrewal remains optimistic as tight liquidity and global factors ease. He advises caution in EMS, real estate, and infrastructure sectors but sees opportunities in metals, cement, and specialty chemicals.

At least some amount of time-wise correction can be seen here and for very-very short-term, if we see a close above 23,350, yes, we will see some more amount of short covering and that can take markets to 23,600 to 23,800. If you look at levels on Bank Nifty, strong supports are now at 48,300 for short term.

Rexpro Enterprises IPO: The retail portion of the issue was oversubscribed by 14.67 times, while the non-institutional investors category saw a 2.66 times subscription on the final day of bidding. Meanwhile, qualified institutional buyers had yet to place any bids.

Employment generation is set to be a key focus, with initiatives aimed at enhancing skill development and creating jobs that match living costs. Policies are likely to prioritize emerging sectors like artificial intelligence and green technologies, fostering opportunities for new job creation and driving growth in industries with significant potential for future employment.

Mutual Funds have been reducing positions in 95 large-cap stocks, with many showing positive returns. However, some stocks, like Fusion Finance and Spandana Sphoorty, have experienced significant declines in FY25.

​We predicted that during the course of this year, it would start to stabilise. We would see the beginnings recovery in that funding environment and that is exactly what has happened. A little bit later than I had expected it probably took a quarter, maybe half a quarter longer in the year for it to stabilise.

On the broking business, we are very heavily focused around our research as well as our assisted offerings. So, we see a lot of our users now bouncing off from the discount broking platforms and coming to us for assistance.

The yen strengthened and Japanese government bond yields rose to fresh multi-year highs on Friday after the Bank of Japan hiked interest rates as expected and raised its inflation forecasts, reinforcing views it will push rates up again.