Axis Securities weekly technical note keeps a positive bias on the market with Nifty at 25,910 and Bank Nifty at 58,518. The report highlights a trading range of 26,500-25,200 for Nifty and 59,500-57,200 for Bank Nifty, and picks Sun Pharma, GRSE and Persistent Systems with 7–13% potential upside over the next 3-4 weeks.
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.