ICICI Bank’s net profit rose 5.2% to Rs 12,359 crore in Q2, exceeding market expectations due to lower provisions. Despite a predicted marginal rise in credit cost, the bank anticipates better loan growth in the second half of the fiscal year, supported by government initiatives.
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.