Nifty Midcap outperforms Sensex; PSU Bank index jumps 2%

commoditymarkettips

Reliance Industries, HDFC, Adani Ports, ITC, SBI, and L&T were leading contributors to Sensex’ gains. The, selling in Infosys, ICICI Bank, and HDFC Bank capped gains.

Private sector lender Kotak Mahindra Bank’s third quarter (October-December) standalone profit is seen rising 21 percent to Rs 1,064.2 crore, compared to Rs 879.8 crore in year-ago.

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The Street is anticipating highest NII growth rate in last few quarters. Net interest income is expected to increase 19.4 percent to Rs 2,448.2 crore for the quarter ended December 2017, compared to Rs 2,050.3 crore in same quarter last year.


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