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Axis Bank delivered surprises at one go. Sustenance of performance hereon to drive further rerating," said ICICI Securities in a client note. "The Q2FY23 earnings surpassed our and consensus expectations by a wide margin. Surprise on NIM and visibility on sustainability of operating performance compel an earnings upgrade of 13% and 8% for FY23e and FY24e."

The Fed is expected to raise interest rates another three-quarters of a percentage point at its upcoming meeting in November. Markets have been unsettled partly because investors have been hoping that any sign of inflation easing or economic growth slowing could signal that the Fed will ease up on its rate increases, which have yet to show any signs of significantly impacting inflation.

It was the fourth most-traded stock on the day, with volumes surging three times. Combined volumes on the NSE and the BSE exceeded 30 million shares, compared with an average volume of 10 million shares on both bourses over the past one month. The counter saw a nearly 36% drop in outstanding positions Friday to 55 million shares across all contracts.

Brokerages expect loan growth to see healthy traction and margin to witness expansion to 4.1%. Credit cost is seen as remaining stable and slippages may moderate. Commentary on asset quality is a key monitorable.

"Indian equities have only two headwinds for the next one year; each from economic and geopolitical perspectives. From an economic perspective, rising interest rates could act as a demand dampener for the export business of several Indian companies, thereby impacting the exports. On the geopolitical front, while the Russia-Ukraine war will remain a long lasting warring effort from both sides, we cannot be sure whose ego bubble will burst first, as now the tactical nuclear angle is also being explored."

"Indian equities have only two headwinds for the next one year; each from economic and geopolitical perspectives. From an economic perspective, rising interest rates could act as a demand dampener for the export business of several Indian companies, thereby impacting the exports. On the geopolitical front, while the Russia-Ukraine war will remain a long lasting warring effort from both sides, we cannot be sure whose ego bubble will burst first, as now the tactical nuclear angle is also being explored."

According to the latest shareholding pattern of Fineotex, the investor held 29,24,072 shares or 2.64% stake in the speciality chemical company

The net profit is below ET Now poll of Rs 15,664 crore. The bottomline fell despite consolidated revenue rising nearly 34% on year to Rs 2.32 lakh crore.

Revenues rose 7% YoY to Rs 2,291 crore during Q2FY23

The 52-week high is the highest price at which a stock has traded during the last year.