Manas Jaiswal from Manas Jaiswal Technical Research gives his view on the indices. He is cautious on Nifty but bullish on Bank Nifty. He suggests accumulating Bank Nifty on dips with a stop loss. Jaiswal recommends exiting IEX and suggests Jindal Steel and Eternal for buying. He also picks Tata Steel as a good long-term investment in the metal space.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs