The expectation of a modest interest rate cut by the US Federal Reserve has also boosted market sentiment. Investors believe that lower rates will stimulate economic growth, particularly benefiting sectors such as IT and Pharma, which heavily rely on US revenue.
Bank of Maharashtra Q1 Results: Net profit jumps 23% YoY to Rs 1,593 crore
Bank of Maharashtra announced a net profit of Rs 1593 crore for Q1 June 2025, marking a 23% year-over-year increase. Total income rose by 16%