The Nifty 50 is nearing an all-time high, driven by expectations of a US Fed rate cut and easing FII selling. Strong domestic earnings and progress in trade talks, including potential India-US and US-China agreements, are bolstering bullish sentiment. Investors are closely watching Q2 corporate results and shifts in crude oil dynamics.
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.