Nifty may pause its rally near record highs. Analysts suggest dips are buying opportunities. Banking and metals sectors are highlighted. Support is seen at 25,400-25,500. A potential breakout from a Cup and Handle pattern is noted. Medium-term outlook remains positive for quality stocks. Sectors like BFSI, auto, and metal are expected to outperform.
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.