NBFC Scare Shaves 8.5% of IndusInd Bank Share Price

Gold Silver Reports (GSR) — IndusInd Bank, known for its pristine asset quality, is finding itself increasingly under pressure after it made public its exposure to the troubled Infrastructure Leasing and Financial Services Ltd (IL&FS). The private lender’s stock fell 8.5% on Monday as investors got jittery over the exposure. In its results press release, the lender had said that it has provided ₹275 crore towards to IL&FS though the exposure has not turned bad.

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Natural Gas Under Sell On Rise Zone Strong Support @230 – Neal Bhai Reports

The U.S. Energy Information Administration (EIA) said utilities added 81 billion cubic feet to storage during the week ended Oct. 12, mostly in line with expectations. The build during the week ended Oct. 12 boosted stocks to 3.037 trillion cubic feet, leaving inventories 16.6 percent below the five-year average of 3.642 tcf for this time of year and the lowest for the week since 2003.

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