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Nifty50 gave up around 300 points from the intraday high of 16,083, which hints at a lack of conviction on the part of bulls about the sustainability of upmove at higher levels, said Mazhar Mohammad of Chartviewindia.in.

The company said owing to the recognition of the MAT credit entitlement of the earlier years, tax liability was lower and net profit higher by Rs 230.33 crore.

The total income during January-March period of 2021-22, was down at Rs 20,695.90 crore, as against Rs 21,501.94 crore in the same period of 2020-21, Bank of Baroda (BoB) said in a regulatory filing.

Avenue Supermarts, which runs D-Mart stores popular in Western India, will announce its quarterly numbers on Saturday.

“The fear really is not of margin pressures. The fear really is that a lot of companies which have provisioned for or reduced provisions in the last two years could see a lot of their debt going bad if interest rates go up so aggressively as they are likely to. I do not see why anybody in their right mind would look to add banking and financial services stocks at this point.”

LUNA has tanked to merely a few decimal cents from its peak of $118, wiping out 100 per cent wealth of the investors. Overall, the token has wiped out $40 billion from their pockets.

The company said its revenue was at Rs 12,116 crore, up 24.5 per cent against Rs 9,730 crore in the year ago quarter. Ebitda of the company advanced 7.2 per cent to Rs 20,88 crore.

Cryptocurrency prices reached a peak late last year and have since slid as fears over the economy grew.

“There has been an aging of some of the loans. In the last quarter also, loan loss provision was higher and this time around I guess the same thing must have happened because the slippages have been managed quite well by the bank and the NPA figures have also come down.”

Total income of the bank in Q4FY22 rose by 43 per cent to Rs 3,504.2 crore, as against Rs 2,457.4 crore in the same period of FY21, Bandhan Bank said in a regulatory filing.