The new fiscal year starts with mixed results in the Indian market, as 23 smallcap stocks fall double digits, while 54 gain similarly. Factors like US tariffs and global trade uncertainties weigh heavily. Investors remain cautious, focusing on upcoming corporate earnings and macro indicators.
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.