Analysts said the overall structure shows that the index is likely to witness consolidation and short-term buying in the range of 17,000-17,300. “Now it has to hold above 17071 zones for an up move towards 17,250 and 17,333 zones whereas supports are placed at 16,950 and 16,888 zones,” said Chandan Taparia of Motilal Oswal.
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.