A morning walk down Dalal Street | Nifty must hold above 11,600 for rally to extend towards 11,750

Money Control | Jul 17, 2019 at 7:48 AM
  • Bulls remained in control of D-Street for the second day in a row on Tuesday and pushed the S&P BSE Sensex above 39000 for the first time since July 5 and Nifty50 closed above 11600 levels.
  • DCB Bank Q1: Profit grows 16.6 percent to Rs 81.1 crore versus Rs 69.5 crore and NII rises 11.7 percent to Rs 304.7 crore versus Rs 272.9 crore YoY; gross NPA at 1.96 percent versus 1.84 percent and net NPA at 0.81 percent versus 0.65 percent QoQ.
  • MCX Q1: Consolidated net profit jumps to Rs 43.7 crore versus Rs 7.3 crore (There was an exceptional loss of Rs 23.8 crore in Q1FY19), revenue rises 9.1 percent to Rs 79.4 crore versus Rs 72.8 crore YoY.