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Foreign Institutional Investors (FIIs) have been consistently selling in the Indian equity markets in January, with sales in the cash market reaching Rs 66,602 crore. The primary reasons behind this trend are the strengthening of the dollar and rising US bond yields. The financial sector has been significantly impacted, while the IT sector shows signs of resilience.
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Macrotech Developers, operating under the Lodha brand, posted an 88% rise in net profit for Q3 FY25, hitting Rs 944.4 crore due to a surge in housing demand. Their total income increased to Rs 4,146.6 crore. The firm achieved its highest pre-sales of Rs 4,510 crore and recorded robust collections of Rs 4,290 crore.
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IDFC First Bank reported a 15% decline in net profit for Q3FY25, while its net interest income rose by 14%. The bank's gross NPA ratio improved to 1.94%, and customer deposits increased by 28.8% YoY. CASA deposits surged by 32.3%, and the CASA ratio stood at 47.7%.
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