Stock Market LIVE: Nifty, Sensex Advance After Muted Open As HDFC Bank & SBI Rise
Broader markets rose in line with the Nifty 50 and Sensex. The Nifty Midcap 150 and Nifty Smallcap 250 were trading 0.23% and 0.28% higher, respectively.
KEY HIGHLIGHTS
Stock Market Live Update: SBI Shares Resume Gains As Brokerage Remain Optimistic
State Bank of India share price resumed gains on Monday after a blip on Friday as analysts remained optimistic over steady performance during the three months ended June and stable asset quality.
The country's largest lender's first-quarter profit beat estimates. The bank's core performance was broadly in line with expectations, with net interest income growing less than 1% quarter on quarter.
Sectoral Performance At Open: Nifty PSU Bank Outperforms
On National Stock Exchange, 13 sectoral indices advanced, one declined, and one remained flat out of 15.
Nifty Detractors: ICICI Bank, RIL, And TCS Weigh
ICICI Bank Ltd., Reliance Industries Ltd., Tata Consultancy Services Ltd., Infosys Ltd., and Bharat Electronics Ltd. weighed on the NSE Nifty 50 index.
State Bank of India, Grasim Industries Ltd., NTPC Ltd., Kotak Mahindra Bank Ltd., and Titan Co. added to the Nifty 50 index.
Stock Market Today: Nifty, Sensex Open Flat
The NSE Nifty 50 and BSE Sensex opened flat. State Bank of India, Grasim Industries Ltd., and HDFC Bank limited losses while ICICI Bank Ltd., Reliance Industries Ltd., and Bharti Airtel Ltd. weighed on the Nifty 50 index.
Stock Market Today: Jyoti Structures Get Order Worth Rs 639 Crore
Jyoti Structure received order worth Rs 639 crore for transmission lines. Projects will likely be commissioned in 12–15 months, the company said in the exchange filing.
