The 30-share BSE Sensex surged 635 points or 0.89 per cent to trade at 71,822, while the NSE Nifty was up 169 points or 0.79 per cent to trade at 21,631.
What is the anticipated opening trend for the indices on January 19, based on the GIFT Nifty trends, and what does the expected flat opening with a gain of 7 points suggest for the broader index?
Private lender IndusInd Bank s standalone net profit grew 17% to Rs 2,298 crore for the quarter ended December. Net interest income for the third quarter rose 15% to Rs 5,296 crore.
Abhay Bhutada, MD of Poonawalla Fincorp, discusses the company s growth strategy and outlook. He highlights the consistent performance in disbursement and asset under management (AUM) growth over the last eight quarters. Bhutada emphasizes the focus on achieving asset quality, maintaining profitability, and sticking to the guidance of 35-40% AUM growth. He further discusses the company s low leverage, low cost of borrowing, and capital adequacy.