Sensex Today | Share Market Live Updates: Sensex, Nifty to remain under pressure; Gift Nifty trading lower
₹1,831.84 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹1,469.50 crore, the exchange data showed.Global shares dragged on Wednesday amidst deepening fears over the Middle East conflict and as a downbeat forecast for the semiconductor sector weighed on sentiment.Oil prices advanced as the mounting strife in the Middle East appeared to pose a growing threat to supply.
U.S. President Joe Biden arrived in Israel after an attack on a hospital in the Gaza Strip derailed plans for a diplomatic summit with Arab leaders.Indian private lender IndusInd Bank reported a 22.1% rise in second-quarter profit on Wednesday, helped by strong loan growth on the back of retail borrowing, with the upcoming festive season expected to further boost customer spending.Net profit rose to 21.81 billion rupees ($262.00 million) in the three months ended Sept.
30 from 17.87 billion rupees a year earlier.Net advances in the quarter jumped 21% year-on-year with retail loans growing by 25%. Deposits grew 14%.Most Indian lenders have shored up their deposit base to keep up with healthy loan demand and tightened liquidity conditions.
(Reuters)On Wednesday, ICICI Lombard General Insurance disclosed their financial results for the July-September quarter, indicating a 2.2% year-on-year decline in net profits. The net profits decreased from ₹590.5 crore during Q2FY23 to ₹577.3 crore in the quarter under review.
The company also announced an interim dividend of ₹5 per equity share. Despite the dip in net profits, ICICI Lombard experienced a positive trend in Gross Direct Premium Income (GDPI), which witnessed a 17.4% year-on-year increase, reaching ₹6,086 crore in Q2FY24 compared to ₹5,185 crore during the corresponding quarter
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