Sensex today | Stock Market Highlights: Sensex, Nifty close over 1% lower; private bank, IT stocks push markets lower
Sensex, Nifty, Share Prices : Markets closed over 1 per cent lower on Monday as losses in private banks and IT stocks overwhelmed gains in metals and public-sector lenders.
On October 19, the Sensex closed 876.37 points, or 1.17%, lower at 73,852.90, while the Nifty 50 shed 257.20 points, or 1.11%, to 22,888.95. Most BSE sectoral indices were down, except for the public sector banks index, which rose by 2.6%. The private banks and IT indices both fell by 1.3%. Among the top gainers, SBI increased by 1.12%, Adani Ports went up 1.07%, L&T rose 0.61%, and IndiGo climbed 0.24%.
On the other hand, Axis Bank dropped by 3.85%, UltraTech Cement fell 2.82%, Infosys sank 2.72%, Bajaj Finance declined 2.54%, and Trent slipped 2.43%. The rupee weakened by 3 paise to 94.92 against the US dollar due to a sharp drop in domestic equity markets and a recovery in crude oil prices. Meanwhile, India's banking Q2 FY27 scoreboard is shaping up.
While HDFC Bank stands out in absolute earnings, smaller banks are showing faster percentage growth. Factors such as deposits, loans, net interest income, margins, credit cost, asset quality, return on assets, and return on equity are shaping the competition. Q2 revenue hit ₹23,300 crore, up from ₹19,600 crore, and EBITDA reached ₹3,720 crore, an improvement from ₹3,095 crore.
However, net profit fell short of estimates at ₹1,490 crore, and cement volume growth was slightly below expectations at 14%. The recent launch of Carboplatin Injection in the US in response to a supply shortage could create near-term revenue opportunities. Crude oil prices fell 52 points to ₹9,342 per barrel in futures trade, influenced by profit-taking after global cues weakened.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
