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The Reserve Bank of India injected over 40,000 crore into the banking system through two operations, addressing a liquidity deficit that breached 2 lakh crore. The RBI accepted 30,760 crore from overnight VRR auction and 9,892 crore from government securities buyback. Another VRR auction of 50,000 crore is announced for Friday, to be reversed on Monday.
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Infosys reported better-than-expected revenue and net profit growth for Q4 2024, increased its FY25 revenue guidance, and plans to hire more freshers. The steady recovery in discretionary spending, rising deal flow, and AI platform development are expected to drive sustained business momentum.
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Nifty's short-term trend remains positive, but lacks strength for significant breakouts. Key resistance levels are at 23,400-23,450, while immediate support is at 23,150. Analysts suggest a sustained move above resistance could drive Nifty higher, with volatility expected in the near term.
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LTIMindtree Q3 Results: Revenue from operations in Q3 FY25 stood at Rs 9,661 crore, a 7.1% increase from Rs 9,017 crore in the same period last year. However, profit after tax declined 13.2% sequentially to Rs 1,251 crore compared to Q2 FY25.
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Axis Bank Q3 Results: The lender reported interest income of Rs 30,954 crore in Q3 FY25, an 11% increase from Rs 27,961 crore in the same period last year. It reported Rs 30,954 crore in interest income for Q3 FY25, an 11% rise from Rs 27,961 crore in the same period last year. Interest expenses grew 12% to Rs 17,348 crore from Rs 15,429 crore. Sequentially, PAT declined 9% to Rs 6,918 crore compared to Q2 FY25.
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