Nifty futures open interest remained low near 1 crore shares and only marginal additions of long positions were seen last week. With subdued OI, a sharp move seems unlikely. On the other hand, banking space has seen significant long accumulation which has been the driver of recent up move in Nifty.
Indian Bank Q4 Results: Standalone profit grows 5% YoY to Rs 3,103 crore; Rs 18.25/share dividend declared
Indian Bank reported a standalone net profit of Rs 3,103 crore for the March-ended quarter, up 5% from Rs 2,956 crore a year ago. Net