All 16 major sectors logged gains, while the broader small-caps and mid-caps jumped 2.8% each. Forty-six of the Nifty 50 constituents advanced.
AU Small Finance Bank posted strong numbers despite the stock underperforming both the Nifty and the Bank Nifty in the last four months. MC Pro expects AU SFB to continue on the high-growth path, as it has adequate capital, the right products, cross-sell opportunities and technology backbone to stay ahead of competition. Watch the video for more
Laurence Balanco of CLSA said the Nifty has slipped below its key support area that was running from 5100 to 5200.