Wall Street closed higher on Friday, driven by Amazon's strong quarterly report. The tech giant's results eased concerns about AI infrastructure spending. Apple's stock dropped after its earnings report failed to meet expectations. Other technology stocks saw mixed performance, influencing market movements. Treasury yields rose as Fed officials discussed inflation concerns.
Banking credit to industry saw a robust 19% year-on-year increase. Personal loan growth also remained strong, expanding 16% compared to last year. Loans against gold jewellery surged by 93%, leading personal loan segment growth. Vehicle loans followed with a 17% expansion, while credit card growth decelerated. Education loans maintained strong growth at 13% year-on-year.
NSE has paid the remaining Rs 714.74 crore to Sebi, completing the Rs 1,491.21-crore settlement of the long-pending colocation and dark fibre cases. The payment follows Sebi's in-principle approval and clears a key hurdle as the exchange moves closer to its planned Rs 30,000-crore IPO.
