Indian Indices Finish Strong on Diwali Day; Sensex Closes Up by 192 Points

Sun, 27 Oct Closing

   Previous Close   

   Pre-Open   

The Samvat 2076 began on a positive note for Indian share markets today as the auspicious Muhurat trading session ended on a strong note today.

While the BSE Sensex closed higher by 192 points (up 0.5%), the NSE Nifty ended higher by 43 points (up 0.4%).

Stocks from the auto sector, healthcare sector and IT sector were the most in demand.

The BSE Mid Cap Index and the BSE Small Cap Index also gathered steam with both indices ending higher by 0.7% and 1.2%, respectively.

Stocks such as Tata Motors share price, Yes Bank share price, Infosys share price and Mahindra & Mahindra share price were the top gainers in today's trading session, while Maruti Suzuki share price, Bharti Airtel share price and TCS share price were the top losers.

In news from the banking sector, ICICI Bank share price was in focus today as the private sector lender reported a jump of 247% in its profit before tax (PBT) for the July-September 2019 quarter (Q2FY20). The bank posted Rs 43.6 billion of PBT, compared to Rs 12.5 billion in the year-ago quarter.

Net profit, however, dipped by 27.9% year-on-year (YoY) to Rs 6.6 billion.

The bank said that excluding the impact of a one-time additional charge of Rs 29.2 billion on account of the re-measurement of the accumulated deferred tax (DTA), net profit would have been Rs 35.7 billion on a standalone basis.

The bank's net interest margin (NIM) improved to 3.64% during the quarter under review in Q2FY20 from 3.33% a year ago.

Net interest income (NII) increased by 26% to Rs 80.6 billion from Rs 64.2 billion in the year-ago quarter.

Deposits grew by 25% to Rs 6.96 trillion at the end of September 2019 from Rs 5.59 trillion a year ago. The low-cost current account savings account (CASA) deposits grew at 14.6% and term deposits by 34.9% on a YoY basis.

Its total advances increased by 13% YoY to Rs 6.13 trillion at end of September 2019 from Rs 5.44 trillion at the end of September 2018. The domestic loan growth at 16% YoY was driven by retail.

Retail loans grew by 22% YoY, while SME loan book grew by 29.9%.

The bank's asset quality improved with the Gross NPA ratio decreasing from 8.54% in Q2FY19 to 6.37% at end of Q2FY20.

The net non-performing asset (NPA) ratio decreased from 3.65% in September 2018 to 1.6% in September 2019.

Provisions, excluding taxes, declined by 37% to Rs 25.1 billion in Q2FY20 from Rs 39.9 billion in Q2FY19.

Moving on to the news from the automobile sector, Tata Motors share price was also in focus today. The stock of the company witnessed buying interest in today's Muhurat Trading session after the company got Rs 65 billion boost from its promoter Tata Sons.

Also, the smaller than expected loss in Q2FY20 boosted the investor sentiment.

The company on Friday announced that its board of directors has approved a preferential allotment of ordinary shares and warrants to Tata Sons for an amount of Rs 65 billion, subject to shareholder approval.

The company said funds will be used to pare debts.

On the results front, the company posted a consolidated loss of Rs 2.2 billion for the quarter ended September 30 against a loss of Rs 10.5 billion in the same period last year.

Consolidated revenue of the company declined 9.15% to Rs 647.6 billion during the quarter under review against Rs 712.9 billion last year.

Speaking of quarterly results and corporate profits, economic growth (GDP) and corporate profit growth hardly go hand in hand.

Over the past few years, the share of corporate profits to GDP has steadily declined.

This is evident in the chart below:

Rebound in Corporate Profits May Not Immediately Reflect in GDP

As per Tanushree Banerjee, the revival of capex cycle may cause corporate profits to soar much faster than the GDP growth. Investors who stay focused on macro numbers may miss this bus.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers