Banking stocks lead on bourses
The Hindu
Indian equity markets started the first day of trading in the new year with euphoria and key indices gained 1.6% backed by heavy buying in banking and financial pack followed by metal and auto stocks.
Indian equity markets started the first day of trading in the new year with euphoria and key indices gained 1.6% backed by heavy buying in banking and financial pack followed by metal and auto stocks.
The S&P BSE Sensex gained 929.40 points or 1.6% to 59,183.22. The top Sensex gainers included Bajaj Finserv up 3.59%, Bajaj Finance up 3.52%, ICICI Bank up 3.31%, Tata Steel up 2.85% and IndusInd Bank up 2.79%.
Similarly, the NSE Nifty 50 index rose 271.65 points or 1.57% to 17,625.70.
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IDBI Bank's Q3 net profit rises slightly to ₹1,935 crore, with total income and interest income declining.
HDFC Bank Ltd., India’s largest private sector bank, reported 11.5% growth in net profit for the quarter ended 31 December 2026 at ₹18,654 crore compared with ₹16,735.5 crore a year ago.
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ICICI Bank Ltd., the second largest private sector bank, for the third quarter ended 31 December 2025 reported 4% drop in net profit to ₹11,318 crore as compared to ₹ 11,792 crore in the year ago period on account of making additional standard asset provision of ₹1,283 crore during the quarter as per direction of the Reserve Bank of India (RBI).
HDFC Bank's Q3 profit rises 12% to ₹19,807 crore, driven by increased net interest and non-interest income.
RBL Bank's Q3 net profit skyrockets 555% to ₹214 crore, driven by improved asset quality and strong retail advances.
Yes Bank's Q3 net profit rises 55% to ₹952 crore, showcasing improved asset quality and growth in key financial metrics.
India's GTRI calls for a comprehensive overhaul of import tariffs and customs processes to enhance trade efficiency and boost exports.
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