Page 3 - Financials

Covid-19 crisis: Wipro sees short-term impact on gross profit margin

In a filing with the US Securities and Exchange Commission, the Bengaluru-headquartered firm, however, said that the impact couldn't be accurately predicted as the pandemic is yet to recede.

Financial shares rally on stimulus package hope; IndusInd Bank soars 40%

IndusInd Bank snapped its eight-day losing streak and surged 40% to Rs 421.8, its biggest-ever one-day gain on the NSE

Financials: Make or break sector

But, bank NPAs are alarming and NBFCs are a play on pick-up in household consumption

Financial shares under pressure; Bharat Financial hits eight-month low

Bharat Financial, Ujjivan Financial, Manappuram Finance, L&T Finance and M&M Financial were down 3% to 8%.

Sensex down 300 points; Nifty above 7,800

Bank shares were the top losers after rise in consumer price inflation dashed hopes of a rate cut by the Reserve Bank of India.