The key equity benchmarks traded with moderate gains in the morning trade. The Nifty traded above the 22,900 level. Bank shares rallied after declining in the past three consecutive trading sessions.
At 10:30 IST, the barometer index, the S&P BSE Sensex, advanced 406.16 points or 0.54% to 75,772.33. The Nifty 50 index added 74.05 points or 0.32% to 22,903.20.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 1.59% and the S&P BSE Small-Cap index slipped 3.60%.
The market breadth was weak. On the BSE, 695 shares rose and 2,894 shares fell. A total of 149 shares were unchanged.
Result Today:
Bajaj Auto(up 0.24%), Cipla(down 1.09%), Hyundai Motor India(down 0.29%), BHEL(down 3.05%), Bosch(down 0.63%), JSW Energy(down 3.80%), JSW Infrastructure(down 2.61%), CG Power and Industrial Solutions(down 6.10%), Colgate Palmolive(up 3.79%), CSB Bank(down 0.38%), Exide Industries(down 2.27%), GMR Airports(down 1.15%), Hindustan Zinc(down 1.60%), Home First Finance Company(down 2.65%), Mahindra & Mahindra Financial Services(up 2.02%), Mahanagar Gas up (0.17%), Motilal Oswal Financial Services(down 5.19%), Novartis India(up 0.14%), Piramal Pharma(down 4.08%), RITES(down 3.46%), Route Mobile(down 1.25%), R R Kabel(down 3.42%), SBI Cards and Payment Services(up 0.36%), SIS(down 1.45%), Star Health and Allied Insurance Company(down 0.67%), Baazar Style Retail(down 2.41%), Suzlon Energy(down 4.32%), TTK Prestige(down 3.95%), TVS Motor Company(down 0.39%), and UTI AMC(down 4.92%) will declare their quarterly earnings later today.
Buzzing Index:
The Nifty Bank index advanced 1.38% to 48,728.25. The index rose 0.01% in three consecutive trading sessions.
IDFC First Bank (up 3.24%), AU Small Finance Bank (up 2.79%), HDFC Bank (up 2.46%), Axis Bank (up 2.34%), ICICI Bank (up 2.32%), Bank of Baroda (up 1.15%), Punjab National Bank (up 0.79%) and IndusInd Bank (up 0.71%) advanced.
On the other hand, Federal Bank (down 6.38%), Canara Bank (down 0.33%) and Kotak Mahindra Bank (down 0.28%) edged lower
Stocks in Spotlight:
Coal India fell 1.66% after the firm reported a 17.04% decrease in consolidated net profit to Rs 8,505.57 crore in Q3 FY25 from Rs 10,253.48 crore in Q3 FY24. Revenue from operations fell 1.03% to Rs 35,779.78 crore in the third quarter of FY25 from Rs 36,153.97 crore recorded in the same period last year.
Tata Steel rose 0.95%. The company's consolidated net profit declined 43.4% to Rs 295 crore in Q3 FY25 as compared with Rs 522 crore in Q3 FY24. Revenue from operations fell 5% YoY to Rs 32,760.45 crore in Q3 FY25.
Canara Bank shed 0.44%. The bank's standalone net profit jumped 12.25% to Rs 4,104.20 crore on 11.69% increase in total income to Rs 36,113.77 crore in Q3 FY25 over Q3 FY24.
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