Foreign investors have withdrawn substantial funds from top Indian stocks. However, a shift is occurring with expectations that the worst is over. Domestic mutual funds are increasing their holdings, providing market stability. Analysts are optimistic about India’s future growth prospects, projecting potential gains for the Nifty index.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.