Wed, Feb 7, 2024 12:54 PM
Foxconn calls for bids for chip assembly plant in India
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📌RBL Bank shares rose📌 2.46% to ₹166.80 as investors reacted positively to the December quarter results, marking three consecutive days of gains. Deposits increased by📌 15% YoY, while retail advances grew 📌20% YoY. Within the wholesale segment, commercial banking advances grew📌 21% YoY. The bank aims to enhance granular retail deposits in its portfolio.
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India's Sensex and Nifty indices plummeted 1.6% on Monday, but certain stocks defied the trend, with ITI Ltd surging 20%, PTC Industries rising 7.6%, and healthcare stocks gaining on news of a virus outbreak in China and India. Titan Company and ICICI Bank also bucked the trend, with gains of 2.3% and 0.1%, respectively.
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The Indian stock market fell, with the📌 S&P BSE Sensex declining 1,258.12 points to 77,964.99 and NSE Nifty50 dipping 388.70 points to 23,616.05, led by losses in 📌Union Bank of India,📌 Kotak Mahindra Bank, and📌 Dabur India. Whereas 📌Jubilant Foodworks reported 56 percent year-on-year (YoY) growth in consolidated revenue for the December quarter to Rs 2,156 crore.
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