Equity benchmarks continued to trade marginally higher amid consolidation in afternoon trade with the Nifty hovering around 8700 level. Banking & financials, oil & gas and infra stocks supported the market whereas the selling in Infosys, HDFC Bank, ITC and Tata Motors limited gains.
The 30-share BSE Sensex was up 120.32 points at 28104.69 and the 50-share NSE Nifty rose 33.10 points to 8692.20. About 1585 shares advanced against 1131 declining shares on the BSE.
Bank Nifty gained 1 percent as ICICI Bank, Federal Bank, PNB, Canara Bank, Bank of India, SBI and Bank of Baroda rose 1-4 percent.
Yes Bank shares climbed 1 percent after its second quarter earnings surpassed analysts’ expectations, with the profit rising 31.3 percent year-on-year to Rs 801.5 crore despite higher provisions. Net interest income grew by 30.5 percent to Rs 1,446.2 crore year-on-year on the back of robust growth in advances and CASA.
The 30-share BSE Sensex was up 120.32 points at 28104.69 and the 50-share NSE Nifty rose 33.10 points to 8692.20. About 1585 shares advanced against 1131 declining shares on the BSE.
Bank Nifty gained 1 percent as ICICI Bank, Federal Bank, PNB, Canara Bank, Bank of India, SBI and Bank of Baroda rose 1-4 percent.
Yes Bank shares climbed 1 percent after its second quarter earnings surpassed analysts’ expectations, with the profit rising 31.3 percent year-on-year to Rs 801.5 crore despite higher provisions. Net interest income grew by 30.5 percent to Rs 1,446.2 crore year-on-year on the back of robust growth in advances and CASA.
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