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ICICI Bank's net profit rose 5.2% to Rs 12,359 crore in Q2, exceeding market expectations due to lower provisions. Despite a predicted marginal rise in credit cost, the bank anticipates better loan growth in the second half of the fiscal year, supported by government initiatives.
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Nifty has broken above a key chart pattern, signalling a bullish trend. However, market breadth remains weak, and volatility has increased. This suggests caution is needed. Investors should focus on specific stocks and manage risk. Sectors like Pharma, Metal, and Auto are leading. Mid-caps may see mixed performance. Other sectors are lagging but showing improvement.
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IDFC Bank's standalone net profit surged by 75.5% year-on-year to Rs 352.31 crore in the second quarter of FY26. Despite this significant profit growth, the bank's net interest income experienced a sharp decline of 40% YoY, falling to Rs 5,112.57 crore.
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