Indian equities had a strong week, boosted by global and local factors. The Goods and Services Tax regime change is expected to further boost sales. Sudip Bandyopadhyay suggests caution regarding GST-specific gains. He recommends watching cement, infrastructure, and auto ancillary sectors. He advises caution on large-cap IT, real estate, and metals due to limited short-term appreciation potential.
IDBI Bank Q2 results: Net profit tanks 39% YoY to Rs 2,205 crore; NII dips 49% YoY
IDBI Bank reported a 39% year-on-year profit decline to Rs 2,205 crore in Q2 FY27, impacted by a one-off gain in the previous year. Excluding