Gross bad loans as a percentage of total loans fell slightly to 6.36 per cent from 6.47 per cent in the previous three months, though higher than 5.65 per cent a year earlier.
Jumpy investors and traders cut some of their bullish positions ahead of the Bihar exit polls later on the day, precipitating the decline. The election results will be out on Sunday.
“The bulk of selling in recent times by FIIs has come in the large-cap stocks. In addition, large-cap stocks in sectors like banking, oil & gas, metals have underperformed,” said Sankaran Naren, chief investment officer at ICICI Prudential Mutual Fund.
“The bulk of selling in recent times by FIIs has come in the large-cap stocks. In addition, large-cap stocks in sectors like banking, oil & gas, metals have underperformed,” said Sankaran Naren, chief investment officer at ICICI Prudential Mutual Fund.
Jumpy investors and traders cut some of their bullish positions ahead of the Bihar exit polls later on the day, precipitating the decline. The election results will be out on Sunday.
Magic-Bricks.com has reported a revenue growth of 53% for the first half of the current financial year despite the overall sluggishness in the real estate market.