The Nifty Realty index closed on a positive note with Mahindra Lifespace Developers, Sobha Ltd., Macrotech Developers, Oberoi Realty, and DLF Ltd. as the top gainers. Brigade Enterprises Ltd. and Phoenix Mills Ltd. were the top losers. The Nifty Realty index closed at 933.1, while the NSE Nifty50 index ended at 22336.4.
The Nifty Auto index traded positive in an upbeat market, with some stocks gaining while others faced losses. Get the latest updates on the Nifty Auto index and find out the most traded shares on the NSE.
Yes Bank reports a net profit of Rs 231 crore in Q3FY24, an increase of four-and-a-half times compared to the same quarter last year. The surge in profit can be attributed to a significant reduction in provisions. Operating profits were slightly lower due to minimal growth in net interest income. The Supreme Court will soon address a petition regarding Yes Bank’s decision to write down Additional Tier 1 bonds. Prashant Kumar, MD and CEO of Yes Bank, highlights the bank’s performance and expansion efforts.
Yes Bank founder Rana Kapoor has been granted bail by a special court in Mumbai in connection with a Rs 5,050-crore money laundering case registered by the Enforcement Directorate (ED). However, Kapoor will remain in jail as his bail plea in another CBI case is still pending. The court mentioned that Kapoor has already served more than the minimum punishment period without trial and highlighted the need for the ED to complete further probes within a reasonable time.
Sensex and Nifty erased early gains and closed in the red. Index heavyweights such as HDFC Bank, Reliance Industries, and Infosys dragged the indices. Gainers and losers in the stock market were also discussed, including Yes Bank and Jammu & Kashmir Bank. Global market trends, oil prices, and updates on the rupee were also provided.
