iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Barometers extend gains; bank stocks rise for 2nd day

28 Jul 2022 , 10:34 AM

The key equity indices extended their rally and hit fresh intraday high in morning trade. The Nifty hovered near the 16,850 mark. Bank stocks extended gains for second consecutive session.

Results Today: Vedanta (up 0.57%), TVS Motor (up 0.68%), Shree Cement (up 1.30%), Nestle India (up 0.41%), Dr Reddys Laboratories (down 0.96%), Bajaj Finserv (up 7.84%) and SBI Life Insurance Company (down 0.04%) are the major results that will be announced today. Further, Bajaj Holdings & Investments (up 5.49%), SBI Cards and Payment Services (up 0.47%), Nippon Life India Asset Management (up 1.62%), Dr. Lal Path Labs (down 0.04%), Mahindra & Mahindra Financial Services (up 2.74%), Motilal Oswal (down 0.60%), Sona BLW Precision Forgings (up 0.75%), Ajanta Pharma (down 0.17%), Aavas Financiers (up 1.80%), Mangalore Refinery and Petrochemicals (up 0.82%), K.P.R. Mill (up 0.23%), Jubilant FoodWorks (up 1.60%), Intellect Design Arena (up 1.77%), Westlife Development (up 0.49%), TTK Prestige (up 0.28%), Shriram Transport Finance (up 1.74%) are some of the companies that will also announce their quarterly earnings today. Buzzing Index: The Nifty Bank index rose 1.38% to 37,291.35. The index has added 2.42% in two sessions. IndusInd Bank (up 3.01%), IDFC First Bank (up 2.1%), Axis Bank (up 1.9%), Kotak Mahindra Bank (up 1.64%) and Punjab National Bank (up 1.25%) were the top index gainers. Among the other gainers were Bandhan Bank (up 1.21%), ICICI Bank (up 1.09%), Federal Bank (up 1.02%), HDFC Bank (up 0.85%) and State Bank of India (up 0.83%). Stocks in Spotlight: Home First Finance Company India advanced 2.77%. On a consolidated basis, the companys net profit jumped 46% to Rs 51 crore on 19.4% increase in total income to Rs 169 crore in Q1 FY23 over Q1 FY22. Poonawalla Fincorp was up 0.37%. The company reported consolidated net profit of Rs 141 crore in Q1 FY23 as against a net profit of Rs 65 crore in Q1 FY22. Net interest income rose to Rs 398 crore in Q1 FY23 from Rs 284 crore in Q1 FY22. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.