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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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Realty firm Signature Global has secured Rs 875 crore through non-convertible debentures. This funding will be used to clear existing debt and fuel business growth. The company aims to strengthen its financial position and expand its operations. Signature Global is a prominent real estate developer in India.
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News and Media
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