Sensex gains 436 pts; private bank shares advance
The Nifty traded above the 25,800 level. Private bank shares extended gains for the four consecutive trading sessions.
At 11:30 IST, the barometer index, the S&P BSE Sensex, jumped 435.69 points or 0.53% to 84,388.17. The Nifty 50 index advanced 134.10 points or 0.51% to 25,843.95.
In the broader market, the S&P BSE Mid-Cap index rose 0.68% and the S&P BSE Small-Cap index shed 0.05%.
The market breadth was positive. On the BSE, 2,123 shares rose and 1,835 shares fell. A total of 238 shares were unchanged.
Buzzing Index:
The Nifty Private Bank index rallied 0.97% to 28,515.10. The index jumped 2.95% in the four consecutive trading sessions.
RBL Bank (up 7.88%), Federal Bank (up 7.35%), IDFC First Bank (up 6.23%), Bandhan Bank (up 3.58%), Axis Bank (up 2.44%), Yes Bank (up 2.38%), IndusInd Bank (up 2.29%), Kotak Mahindra Bank (up 0.94%) and HDFC Bank (up 0.23%) advanced.
On the other hand, D B Corp (up 0.81%), Prime Focus (up 0.31%) and PVR Inox (up 0.12%) edged higher.
Stocks in Spotlight:
Orient Electric shed 0.58%. The company standalone net profit rallied 15.51% to Rs 12.06 crore on a 6.43% rise in revenue from operations to Rs 702.61 crore in Q2 FY26 over Q2 FY25.
Federal Bank surged 7.09% after the bank's net profit rose 10.85% QoQ to Rs 955.26 crore, driven by robust operating income and efficient cost management. Net profit declined 9.60% to Rs 955.26 crore on 3.75% increase in total income to Rs 7,824.33 crore in Q2 September 2025 over Q2 September 2024. Net interest income grew 5.41% YoY to Rs 2,495.24 crore for the quarter ended on 30 September 2025.
Global Markets:
Asian markets traded higher on Monday as investors awaited a series of key economic releases from China.
China?s economy expanded slightly above expectations in the third quarter of 2025, though growth continued to moderate amid ongoing disinflationary pressures and persistent U.S. trade tensions.
Official data released Monday showed that gross domestic product grew 4.8% year-on-year in the three months to September 30 ? just above market estimates of 4.7%, but slower than the 5.2% growth recorded in the previous quarter.
Separately, China?s central bank kept its benchmark lending rates unchanged for the fifth consecutive month, in line with expectations. The one-year loan prime rate was held steady at 3.0%, while the five-year rate remained at 3.5%, despite signs of cooling economic momentum.
On Wall Street, all three major U.S. indices closed higher last Friday. The Dow Jones Industrial Average rose 238.37 points (0.52%) to 46,190.61, supported by easing concerns over regional banks and a softer U.S. stance in trade discussions with China.
The S&P 500 and Nasdaq Composite each advanced 0.53%, ending at 6,664.01 and 22,679.98, respectively.
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