FIIs have consistently sold Indian equities in 2026, totaling Rs 2.22 lakh crore due to global uncertainty, geopolitical tensions, elevated crude oil prices, and a weaker Rupee. While DIIs are currently supporting the market, future institutional flows will remain sensitive to US–Iran negotiations and oil price volatility.
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.