Indian equities closed higher as a strong earnings surprise from Infosys boosted risk appetite and lifted IT stocks, helping Sensex and Nifty hit intraday highs. However, profit booking capped gains by the close. Analysts flagged mixed global cues, sector-specific strength and cautious technical signals.
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.