Automobiles and financials continued to propel the overall earnings growth, while they were also joined by global cyclicals such as oil and gas and metals. The only heavyweight sector to disappoint was information technology, with the overall earnings seeing a decline for the first time in 26 quarters.
Gold loan NPA rises in first five months while eases over a three-year horizon
India’s gold loan market has experienced a rise in non-performing assets, reaching 0.78% by August 2023. The total outstanding volume grew nearly threefold to Rs