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Canara Bank Q1 results:Net Interest Income (NII) for Q1 FY26 came in at 9,009 crore, slightly lower than 9,166 crore reported in the same quarter last year. Operating profit for the quarter rose by 12.32% year-on-year to 8,554 crore.
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Manas Jaiswal from Manas Jaiswal Technical Research gives his view on the indices. He is cautious on Nifty but bullish on Bank Nifty. He suggests accumulating Bank Nifty on dips with a stop loss. Jaiswal recommends exiting IEX and suggests Jindal Steel and Eternal for buying. He also picks Tata Steel as a good long-term investment in the metal space.
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News and Media
Nischal Maheshwari highlights positive growth in the power sector's transmission and distribution (T&D) due to solar power adoption and rising power consumption, necessitating infrastructure upgrades. He also notes IndusInd Bank's significant fundraising, potentially strengthening its capital base amidst management changes. Maheshwari favors NBFCs over banks in the short term due to declining interest rates and niche lending.
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News and Media
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