Indian stock markets delivered modest returns in Samvat 2081. The market faced volatility due to faltering earnings and foreign outflows. However, domestic buying showed resilience. Entering Samvat 2082, sentiment is expected to improve. Policy reforms and RBI liquidity infusion are anticipated. Earnings are projected to grow. A stock-specific strategy is advised for potential gains in banking, financials, and consumption sectors.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs