Bandhan Bank shares dropped nearly 6% after the lender reported an 88% year-on-year fall in Q2FY26 profit to Rs 110 crore. Weak net interest income, lower margins, and rising credit costs weighed on earnings, even as advances and deposits grew. Asset quality slightly deteriorated, with GNPA rising to 5% and NIM slipping to 5.8%.
Gold prices slipped 305 to 1,21,203 per 10 grams on Friday after recent gains, as traders reassessed hopes for a December Fed rate cut following Powells hawkish comments. Silver also declined 787 to 1,48,053 per kg. Globally, gold remained on track for a third straight monthly rise, supported by bargain buying and rate-cut expectations.
Equity mutual funds saw a strong October, with nearly 9% returns driven by sectoral and thematic funds. Benchmark indices Nifty50 and BSE Sensex also rallied significantly. This performance follows a muted September, with positive earnings season and supportive macro factors bolstering market sentiment.
Navin Fluorines shares surged up to 15% to a record Rs 5,729 after the company reported strong Q2FY26 results. Net profit jumped 152% to Rs 148 crore, while revenue rose 46% to Rs 758 crore. Robust margins, solid segmental growth, and fresh capex plans further strengthened investor confidence.
Dabur India's shares dipped after the release of Q2FY26 results, even as net profit climbed 6.5% compared to last year. Revenue growth was promising, supported by robust performance across multiple categories and expansion in its international sector. Alongside, the company confirmed an interim dividend payout.
Market sentiment remains optimistic despite index struggles, with dips seen as buying opportunities. Investors are advised to focus on growth-oriented segments like banking, metals, and mid/smallcaps, which have shown strong performance. The analysis suggests a constructive setup for continued upward movement.
Lenskart, India's leading eyewear retailer, launched its Rs 7,278 crore IPO today, aiming to expand its omnichannel presence. With strong financial turnaround and a growing market, the company is poised for significant growth. Analysts suggest a long-term investment opportunity despite rich valuations, citing its integrated supply chain and brand strength.
House Democrats' latest plan includes a state motor fuel sales tax, using interest from the states road fund, a sales tax increase in the Chicago metro area and a sharp increase in tolls on the Illinois Tollway.
Longtime CBS Mornings co-host Gayle King may not be greeting viewers with her signature smile next year, as the network ponders reassigning her elsewhere.
