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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Stocks Market Watch: HCL Tech, Gayatri Projects, TCS, IndusInd Bank

Gold Silver Reports (GSR) – Equities in Japan, South Korea and Australia rose after the S&P 500 Index climbed for a third day toward the upper end of its trading range.

Stocks in Asia extended recent gains from a nine-month low, and followed U.S. shares higher, amid optimism the upcoming earnings season will be sufficiently robust to overshadow a rise in trade tensions.             

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