The benchmark indices started the day lower on November 11 and the market slumped further in the morning session on the back of weak global cues and other economic concerns.
The brokerage firm in its report noted that seasonal demand weakness in its core market , along with the inflating input cost and higher lead distance, weighed Q2 FY22 performance.
Boost in demand for industrial metals given the resumption in global economic activities and the massive US infrastructure bill has created a supportive environment for the entire pack in the recent months.
of six elevated metro stations at Kharghar Village for Navi Mumbai Metro Line-1 amounting to Rs 168.22 crore,” the compamy said in an exchange filing.
While core PPOP is weak, decline in credit cost and gradual pick in loan growth will drive RoA to 0.7% in FY23E from 0.1% in FY21.
Market update at 11 AM: Sensex is down 503.85 points or 0.83% at 59848.97, and the Nifty fell 159.70 points or 0.89% at 17857.50.