Global markets are showing signs of profit-taking, but Indian equities might benefit from deeply negative sentiment, potentially leading to better returns in 2026. Smallcaps could face prolonged stress, while autos, pharma, and FMCG are favored sectors. Fiscal constraints may limit the upcoming Union Budget’s stimulus potential.
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.