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Bandhan Bank shares dropped nearly 6% after the lender reported an 88% year-on-year fall in Q2FY26 profit to Rs 110 crore. Weak net interest income, lower margins, and rising credit costs weighed on earnings, even as advances and deposits grew. Asset quality slightly deteriorated, with GNPA rising to 5% and NIM slipping to 5.8%.
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Gold prices slipped 305 to 1,21,203 per 10 grams on Friday after recent gains, as traders reassessed hopes for a December Fed rate cut following Powells hawkish comments. Silver also declined 787 to 1,48,053 per kg. Globally, gold remained on track for a third straight monthly rise, supported by bargain buying and rate-cut expectations.
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Equity mutual funds saw a strong October, with nearly 9% returns driven by sectoral and thematic funds. Benchmark indices Nifty50 and BSE Sensex also rallied significantly. This performance follows a muted September, with positive earnings season and supportive macro factors bolstering market sentiment.
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News and Media
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