Sensex closed marginally down in a volatile session as IndusInd Bank fell 27% due to selling pressure, while PC Jewellers rose 0.8% and Mold-Tek increased by 0.2%. Experts recommend avoiding IndusInd Bank and suggest potential buys in PC Jewellers and Mold-Tek on dips.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.