Key indices were trading near the day's high in morning trade. Gains in HDFC Bank negated losses in TCS. At 10:22 IST, the barometer index, the S&P BSE Sensex, was up 403.97 points or 1.07% at 38,284.37. The Nifty 50 index was up 108.05 points or 0.96% at 11,342.60. The broader market lagged the benchmark indices. The S&P BSE Mid-Cap index was up 0.44%. The S&P BSE Small-Cap index was up 0.48%. The market breadth was titled in the favour of bulls. On the BSE, 1066 shares rose and 663 shares fell. A total of 114 shares were unchanged. In Nifty 50 index, 38 stocks advanced and 12 stocks declined. Shares of IRCTC will debut on the bourses on Monday, 14 October 2019. The IPO was subscribed 112 times. On the macro front, India's industrial production data for August 2019 will be announced today, 11 October 2019. IT major Infosys (2.24%), FMCG firm Bajaj Consumer Care (down 0.19%), telecom equipment manufacturer ITI (up 0.36%), and cable TV provider Den Networks will announce their Q2 results today. The Nifty Bank index bounced back after tumbling 2.68% yesterday. The index gained 1.67% and was trading at 28,480.65 in morning trade. Among the private sector banks, Kotak Mahindra Bank (up 1.99%), ICICI Bank (up 1.95%), HDFC Bank (up 1.83%), Axis Bank (up 1.59%), Federal Bank (up 1.13%), AU Small Finance Bank (up 0.84%) and Yes Bank (up 0.61%) advanced. IndusInd Bank continued to slide lower after tumbling 6.15% in previous session. The private sector bank was down 0.85% to Rs 1218.50. The stock hit an intraday low of Rs 1212 which is also a 52-week low for the counter. The bank announced its Q2 September 2019 result yesterday. Net profit jumped 50.33% to Rs 1383.37 crore in Q2 2019 as against Q2 2018. Total income rose 31.40% to Rs 8877.02 crore in Q2 September 2019 over Q2 September 2018. Among PSU banks, State Bank of India (up 1.81%), Bank of Baroda (up 1.03%), Syndicate Bank (up 0.99%), Canara Bank (up 0.98%), Punjab National Bank (up 0.97%), Oriental Bank of Commerce (up 0.85%), Bank of India (up 0.84%) and Union Bank of India (up 0.31%) gained. G.M.Breweries was up 2.56% after announcing a decent Q2 September 2019 result yesterday. Net profit rose 2.2% to Rs 19.85 crore on an 8.7% increase in net sales to Rs 121.40 crore in Q2 September 2019 over Q2 September 2018. Powered by Capital Market - Live News |