IndusInd Bank reported a net loss of Rs 437 crore in the second quarter of FY26, a significant reversal from a profit of Rs 1,331 crore in the prior year. Net Interest Income also saw a decline of 17.6% year-on-year, with net interest margins falling to 3.32% from 4.08%.
From 29,300 to 24,900: Nomura slashes Nifty target, says another 5% correction possible! Here’s why
Nomura has cut its Nifty target by 15% to 24,900, warning of a further 5% downside amid geopolitical tensions, rising oil prices and weakening flows.