Private Lenders Help Sensex, Nifty Gain For Second Straight Day
A stockbroker holds a calculator as he monitors stock price information on his computer screens at Shore Capital Group Ltd. brokerage in London, U.K. (Photographer: Matthew Lloyd/Bloomberg)

Private Lenders Help Sensex, Nifty Gain For Second Straight Day

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Closing Bell: Sensex, Nifty Gain For Second Day As Private Lenders Lead

Indian indices ended higher for the second consecutive trading session, led by the gains in Kotak Mahindra Bank Ltd. and ICICI Bank Ltd.

The S&P BSE Sensex rose 0.5 percent to end at 41,613.19 and the NSE Nifty 50 rose 0.5 percent to end at 12,248.25. The broader markets represented by the NSE Nifty 500 Index rose 0.62 percent.

The market breadth was tilted in favour of buyers. About 999 stocks advanced and 773 shares declined on National Stock Exchange.

Nine out of 11 sectoral gauges compiled by NSE ended higher, led by the NSE Nifty Metal Index’s 0.97 percent gain. On the flipside, the NSE Nifty Pharma Index was the top sectoral loser, down 0.07 percent.

Fab Four Stocks of The Day

Atul

  • Stock rose as much as 4.9 percent to Rs 4,598.
  • Revenue up 1 percent to Rs 1,041.4 crore.
  • Net profit up 43.7 percent to Rs 168.1 crore.
  • Ebitda up 16.8 percent to Rs 249.2 crore.
  • Margin at 23.9 percent versus 20.7 percent.

NLC

  • Stock rose as much as 6.4 percent to Rs 58.75.
  • Company to raise Rs 525 crore via issue of NCDs.

AU Small Finance Bank

  • Shares rallied for the second consecutive trading session.
  • The stock rose as much as 5.9 percent to hit an all-time high at Rs 1,032.95.

Bata

  • Stock rose as much as 2.6 percent to Rs 1,847.40.
  • Fresh longs seen with high open interest of 14 percent.
  • Trading volume was three times its 20-day average.

Stocks Moving On Heavy Volumes

Zensar Technologies

  • Stock fell as much as 13.6 percent to Rs 171.85.
  • Trading volume was more than 11 times its 20-day average.

GMM Pfaudler

  • Stock rose as much as 20 percent to Rs 2,588.70.
  • Trading volume was more than 10 times its 20-day average.

Essel Propack

  • Stock rose as much as 11.9 percent to Rs 197.
  • Trading volume was almost 10 times its 20-day average.

Indian Bank

  • Stock rose as much as 4.9 percent to Rs 109.70.
  • Trading volume was more than four times its 20-day average.

UltraTech Cement Falls After Q3 Results

Shares of UltraTech Cement fell as much as 1.6 percent to Rs 4,452.65 after the company announced its December quarter results.

Key Earnings Highlights (Q3, YoY)

  • Revenue up 0.4 percent to Rs 9,981.75 crore. (Estimate: Rs 10,326.9 crore)
  • Net profit up 48.6 percent to Rs 643.15 crore. (Estimate: Rs 783.2 crore)
  • Ebitda up 16.6 percent to Rs 1,786.03 crore. (Estimate: Rs 2,023.9 crore)
  • Margin at 17.8 percent versus 15.4 percent.

AU Small Finance Bank Rallies For Second Day, Shares Hit New Record High

Shares of AU Small Finance Bank rallied for the second consecutive trading session. The stock rose as much as 5.9 percent to hit an all-time high at Rs 1,032.95.

The company had announced its December quarter results post Wednesday’s close.

Key Earnings Highlights (Q3, YoY)

  • Net interest income up 46 percent to Rs 506.83 crore.
  • Net profit up 99.5 percent to Rs 190.19 crore.
  • Provisions down 34.3 percent to Rs 401.06 crore. (QoQ)
  • Gross NPA at 1.88 percent versus 2.01 percent. (QoQ)
  • Net NPA at 1.01 percent versus 1.14 percent. (QoQ)

Market Check: Sensex, Nifty At Day’s High

Indian stocks traded at day’s high after fluctuating between gains and losses in the opening trade.

The S&P BSE Sensex rose 0.5 percent to Rs 41,599 and the NSE Nifty 50 rose 0.58 percent to 12,251. The broader markets represented by the NSE Nifty 500 Index rose 0.65 percent.

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