Federal Bank Q3 net profit rises 28% YoY to Rs 333.63 crore; NII up 13%

reported a rise of 28 percent (year-on-year) in its net profit for the December quarter at Rs 333.63 crore from Rs 260 crore last year.

The Kochi-based lender also posted a growth of 13 percent (YoY) in its net interest income to Rs 1,077.3 crore against Rs 950 crore posted last year. For the uninitiated, the difference between interest earned and spent is known as net interest income.

Other income reported by the bank stood at Rs 345.5 crore against Rs 228.6 crore last year.

Source:https://www.moneycontrol.com/news/business/markets/federal-bank-q3-net-profit-rises-28-yoy-to-rs-333-63-crore-nii-up-13-3402431.html

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International Market Update

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Sensex trades higher, Nifty around 10,900; Jet Airways slips 5%

Market opens: Equity benchmarks have started the day on a positive note, with the Nifty is trading above 10,900 level.

The Sensex is up 137.17 points at 36458.46, while Nifty is up 36.40 points at 10926.70. About 472 shares have advanced, 170 shares declined, and 46 shares are unchanged. 

All other sectoral indices are trading in the green, while Midcap index is up 0.35 percent. 

Zee Entertainment, Bharti Airtel, Indiabulls Housing, HDFC, Axis Bank, Bajaj Finance are trading higher, while HCL Tech, Bajaj Auto, Jet Airways, Mindtree, Infosys, BPCL have lost the most. 

Shares of Reliance Industries and Hindustan Unilever are trading higher ahead of third quarter numbers.

Rupee Opens: The Indian rupee opened higher at 71.15 per dollar on Thursday versus previous close 71.24.

Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-trades-higher-nifty-around-10900-jet-airways-slips-5-3400771.html

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Opening Bell

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Closing Bell: Nifty ends below 10,900, Sensex flat; IT, energy stocks gain

Market at close: Benchmark indices ended the volatile day on flat note with Nifty closed below 10,900, while Sensex finished near day's low point.

The Sensex was up 2.96 points at 36321.29, while Nifty was up 3.50 points at 10890.30. About 1208 shares have advanced, 1345 shares declined, and 144 shares are unchanged. 

Indiabulls Housing, Yes Bank, Wipro, IndusInd Bank and BPCL are the top gainers on the Nifty, while JSW Steel, Bharti Infratel, Bajaj Finance, UPL and Vedanta are the top losers on the Nifty.

Source: https://www.moneycontrol.com/news/business/markets/closing-bell-nifty-ends-below-10900-sensex-flat-it-energy-stocks-gain-3395851.html

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NCDEX Support and Resistance Level

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Sensex sees a positive start, Nifty back at 10,900; Zee up 4%

Market opens Equity benchmarks have started the day on a positive note, with the Nifty reclaiming 10,900 in the first few minutes of trade. 
The Sensex is up 72.82 points or 0.20% at 36391.15, and the Nifty up 22.90 points or 0.21% at 10909.70. The market breadth is positive as 289 shares advanced, against a decline of 95 shares, while 30 shares were unchanged. 

Except pharmaceuticals, all other sectoral indices are trading in the green. The Nifty Midcap index is up one-fifth of a percent. 

Vedanta, Yes Bank, and Zee Entertainment, while Sun Pharma, Bharti Airtel, JSW Steel and Dr Reddy’s have lost the most. 

Rupee opens The Indian rupee opened at 71.06 per dollar on Wednesday versus 71.04 yesterday.

Source: https://www.moneycontrol.com/news/business/markets/stock-share-market-live-updates-bse-nse-sensex-sees-a-positive-start-nifty-back-at-10900-zee-up-4-3395851.html

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