Banking stocks rallied up to 2% on Wednesday, lifting the Nifty Bank index as investors positioned themselves ahead of a crucial round of Q1 earnings from major private lenders this weekend. Brokerages remain constructive on the sector, citing improving fundamentals, resilient loan growth and stable asset quality, while cautioning that pressure on net interest margins could weigh on near-term profitability.
GAIL shares jump 4% as Q2 net profit rises over 8% to Rs 4,650 crore, revenue grows 17%
GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment