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Net profit fell to Rs 167 crore in the fiscal ended March 2022 from Rs 312 crore a year earlier mainly due to a 54% increase in operating expenses to Rs 2652 crore from Rs 1719 crore a year earlier. The bank put the "annual pre-tax" drag from the LVB acquisition at Rs 669 crore in fiscal ended up from Rs 341 crore as the majority of the impact was felt in fiscal 2022.

Shares of Easy Trip Planners, which listed on Dalal Street last year at Rs 212.25 on NSE in March last year, ended the day 3.8 per cent lower at Rs 393.50.The smallcap stock which hit a 52-week low of Rs 261 in March this year has rallied around 47 per cent on a year-to-date basis.

The Dow Jones Industrial Average fell 107.11 points, or 0.33%, at the open to 32,691.29.

Zomato on Monday said its consolidated net loss in the first quarter of the current financial year almost halved to Rs 186 crore due to higher income. The company had reported a net loss of Rs 360.7 crore in the year-ago period.

The Nifty IT index closed 0.67 per cent down at 29024.65.

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“Our big theme is that it is time to go wide in Indian markets which means that unlike consensus we are bullish on the midcap and the smallcap sectors. They have corrected significantly that valuations are now below those of largecaps and the breadth of investment opportunities is significant. So broadly domestic oriented sectors till the time we get more clarity.”

Interestingly, the study of August returns suggest that the Nifty shuffled between red and green in the month of August during the last one year as it has delivered positive returns in the even years, whereas negative returns in the odd ones.However, 2021 was the only exception when it logged its best performance, rising close to 9 per cent in August 2021. On the other hand, it has gained 1-3 per cent in the August months of 2012, 2014, 2016, 2018 and 2020.

Ferrari guided for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of between 1.70-1.73 billion euros this year, versus a previous forecast of between 1.65-1.70 billion euros.

Zerodha said that if a customer explicitly takes an F&O trade that causes their account to go into a debit resulting in a negative margin balance intraday or overnight, for example, exiting a hedged position, then the brokerage charges for orders placed during the duration where the account had negative margins, will be Rs 40 instead of Rs 20.