Indices trade with moderate gains; private bank shares advance
The Nifty traded above the 25,000 level. Private bank shares advanced after declining in the past two consecutive trading sessions.
At 12:30 IST, the barometer index, the S&P BSE Sensex advanced 210.82 points or 0.27% to 81,968.62. The Nifty 50 index added 59.15 points or 0.24% to 25,020.30.
In the broader market The S&P BSE Mid-Cap index rallied 0.48% and the S&P BSE Small-Cap index rose 0.02%.
The market breadth was negative. On the BSE, 1,910 shares rose and 2,047 shares fell. A total of 215 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.30% to 11.36. The Nifty 31 July 2025 futures were trading at 25,087 at a premium of 66.70 points as compared with the spot at 25,020.30.
The Nifty option chain for the 31 July 2025 expiry showed a maximum call OI of 59.2 lakh contracts at the 25,500 strike price. Maximum put OI of 54.2 lakh contracts was seen at 25,000 strike price.
Buzzing Index:
The Nifty Private Bank index gained 0.70% to 27,726.30. The index fell 2.03% in the past two trading sessions.
ICICI Bank (up 2.38%), HDFC Bank (up 1.65%), IDFC First Bank (up 1.18%), Kotak Mahindra Bank (up 1.02%) and Yes Bank (up 0.05%) advanced.
On the other hand, Bandhan Bank (down 3.02%), IndusInd Bank (down 2.72%) and RBL Bank (down 1.02%) edged lower.
HDFC Bank rose 1.65% after the bank's profit after tax (PAT) for the quarter ended June 2025 stood at Rs 18155.21 crore, a growth of 12.24% over the quarter ended June 2024. Net interest income (interest earned less interest expended) for the quarter ended June 2025 grew by 5.4% to Rs 31440 crore from Rs 29840 crore for the quarter ended June 2024. Core net interest margin was at 3.35% on total assets, reflecting assets repricing faster than deposits, as against 3.46% for the prior quarter ended March 2025.
ICICI Bank advanced 2.28% after the bank reported a standalone net profit of Rs 12,768.21 crore in Q1 FY26, up 15.45% as against Rs 11,059.11 crore posted in Q1 FY25. Total income increased 11.85% year on year (YoY) to Rs 51,451.81 crore in Q1 FY26.
Bandhan Bank fell 3.02% after the bank reported 65.02% de-growth in standalone net profit to Rs 371.96 crore on a 1.97% rise in total income to Rs 6,201.49 crore in Q1 FY26 over Q1 FY25.
RBL Bank slipped 1.02% after the private lender's standalone net profit tumbled 46.07% to Rs 200.33 crore in Q1 FY26 as against Rs 371.52 crore posted in Q1 FY25. However, total income increased 4.85% year on year (YoY) to Rs 4,510.57 crore in the quarter ended 30 June 2025.
Stocks in Spotlight:
City Union Bank shed 0.37%. The bank's net profit fell 17.44% to Rs 4,115.53 crore on a 4.49% decline in total income to Rs 31,781.34 crore in Q1 FY26 over Q4 FY25.
Vintage Coffee and Beverages jumped 3.81% after the company reported a consolidated net profit of Rs 14.23 crore in Q1 FY26, which is more than three times the PAT of Rs 4.55 crore posted in Q1 FY25. Net sales rose by 2.3 times to Rs 101.61 crore in the June?25 quarter from Rs 43.67 crore recorded in the same period last year.
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