Rajesh Palviya of Axis Securities anticipates further market weakness, especially if Nifty stays below 25,000. He suggests that a break below 24,800 could lead to a decline towards 24,700-24,600.
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.