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HomeCURRENT AFFAIRSBUSINESSStock Market Today: GIFT Nifty indicates a bullish start; ICICI Bank Q2...

Stock Market Today: GIFT Nifty indicates a bullish start; ICICI Bank Q2 net profit Rs 10261 crore

Stock Market Today: With a gain of 83.5 points, at 19510, GIFT Nifty on the NSE IX indicated that Dalal Street was off to a good start on Monday. With a Doji candle on the daily chart and a long bear candle with an upper shadow on the weekly chart, Nifty finished Friday’s trading session 82 points lower. Due to market concerns over potential interest rate hikes and the potential for the Israel-Hamas conflict to worsen, U.S. stocks closed the day and week substantially lower.

Stock Market Today: Tokyo stocks fall

Due to investors’ concerns that the Middle East conflict would worsen, Tokyo markets began down on Monday.The larger Topix index down 0.35 percent, or 7.96 points, to 2,247.69, while the benchmark Nikkei 225 index dropped 0.47 percent, or 146.06 points, to 31,113.30. In the midst of diplomatic efforts to prevent a conflict between Israel and the Palestinian Islamist party Hamas from spreading to the larger oil-rich region, supply convoys began to arrive in the Gaza Strip over the weekend, which led to an ease in oil prices on Monday.

ICICI Bank Q2 net profit Rs 10261 crore

In the July–September quarter of the fiscal year 2023–24 (Q2), ICICI Bank reported a 24% increase in net interest income and a 35.7 percent year-over-year increase in standalone profit on October 21. The bank also noted a notable decrease in bad loan charges. According to the Mumbai-based bank’s BSE report, its standalone profit for the quarter increased to Rs 10,261 crore from Rs 7,557.84 crore during the same period previous year. Analysts had projected net profit for Q2 of Rs 9,422 crore (a 25% YoY growth) while net profit of Rs 10,261 crore (a 36% YoY growth) showed up.

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