Tue, Oct 22, 2024 11:54 AM
KSolves Consolidated September 2024 Net Sales at Rs 34.82 crore
A Flip by Shubhangi Gupta
Indian markets experienced a significant reversal in October, with foreign portfolio investors pulling out a record ₹82,479 crore from Indian equities, amid warnings of unsustainable valuations and a potential correction. Despite a 4% decline in Nifty 50 and Sensex, domestic brokerage firm Kotak Institutional Equities maintains that current valuations remain unattractive.
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Prabhudas Lilladher's research report on City Union Bank: CUB saw a strong quarter with beat on loan growth, NIM, core PPoP and asset quality. Healthy loan growth of 4.8% QoQ was led by traditional segments as improved TAT due to technological improvements is driving better credit flow. Efforts to shore up secured retail segments.
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The Nifty Midcap index has corrected nearly 7% from its record high level of 60,924, which it had scaled on September 24 this year. Since then, the index has been in correction mode. However, nearly 2,000 points out of the 4,500-point drop that the Midcap index has seen from the peak has come in the last two trading sessions.
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