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Total income for the bank rose 23% at Rs 4770 crore against Rs 3893 crore in the year-ago quarter while net interest income rose nearly 30% at Rs 1,980 crore against Rs 1,527 crore. Provisions other than taxes fell 30% at Rs 582 crore against Rs 836 crore.

The Relative Strength Index of the stock stood at 39.25 on Monday.

Thanks also to early strength from sterling and the Japanese yen, the dollar index, which tracks the U.S. unit against a basket of currencies, slumped to a seven-month trough of 101.77, extending its selloff from last week after data showed that U.S consumer prices fell for the first time in more than 2-1/2 years in December.

Mumbai-based Mt. K Kapital is a real estate focused fund management company with Sebi-approved Category II Alternative Investment Fund licence

Public Sector Banks (PSBs) have come a long way over the past five years with profitability of top 7 PSBs under our coverage improving to an estimated Rs 909 billion in FY23 from a loss of Rs 594 billion in FY18. We estimate earnings traction to sustain aided by improved loan growth, margins and controlled credit costs," the brokerage said.

The Nifty Realty index was trading 0.09 per cent down at 426.0.

A total of 28,698 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high of Rs 7155.4 and a 52-week low of Rs 3733.25.

After opting for the T+1 settlement cycle for a scrip, the exchange must mandatorily continue with the same for a minimum of 6 months, SEBI had said. Thereafter, in case exchanges intend to switch back to the T+2 settlement cycle, they can do so by giving 1-month advance notice to the market, the regulator had said.

Markets have been facing selling pressure on the rise, showing uncertainty among the participants despite favorable cues. We feel it’s prudent to limit positions in the prevailing scenario and wait for a decisive breakout from the 17,800-18,100 zone in Nifty.