Sensex, Nifty Live: Sensex closes at 297.38 points; Nifty at 72.25 points

The benchmark BSE Sensex has extended its gains for the second straight day on Monday. The Sensex has closed at 34,865.10, up 132 points. The Nifty also rose 40 points to close at 10,212.50.

The index rose on the emergence of buying in IT stocks, even as headwinds in form of ongoing global trade tiff and rising crude prices continued to hit investors sentiments.

15.40 PM: Market ends green! Sensex closes at 35162.48 up by 297.38 points or 0.85%, Nifty Ends at 10584.75 up by 72.25 points or 0.69%.
Top performers on BSE Sensex were M&M ended at Rs 778.30 per piece high by 3.97% followed by Adani ports at Rs 333 per piece high by 3.54%, ONGC ended at Rs165.50 per piece high by 3.44%, SBIN at Rs 270.20 up by 2.60%, ICICI Bank at Rs 321.05 up by 2.51%, Axis bank ended at Rs 588.80 per piece high by 2.25% and Reliance at Rs 1163.65 up by 2.09%.

Where as in the loosers list, the worst performer were HDFC Bank ended at Rs 1992.40 low by 0.77%, Bajaj Auto at Rs 2611.15 down by 0.54%, Maruti at Rs 7149.95 low by 0.45%, Infosys at Rs 696.40 low by 0.39%, Indusind bank at Rs 1620.85 low by 0.37% and NTPC at Rs 164 down by 0.33%.

15.00 PM: Sensex is trading at 35080.25 up by 215.15 points or 0.62% at around 1458 hrs.
Top gainers on BSE Sensex are M&M trading at Rs 773.65 up by 3.35%, ONGC at Rs 165.50 up by 3.44%, SBIN at Rs 269.85 up by 2.47%, Adani ports at Rs 329.55 up by 2.47%, Axis bank at Rs 590 up by 2.46% and Adani ports trading at Rs 328 up by 1.99% at around 1501hrs.

13.30 PM:  Federal bank share price rose over 9% afte the bank posted its financial performance for Q2FY19 (September 2018) quarter. The bank was trading at Rs 81.55 per piece up by Rs 5.85 or 7.73% at around 1334hrs. However, just few minutes of result announcement, the bank surged by more than 9.11% with an intraday high of Rs 82.60 per piece on BSE. 

Federal Bank posted a net profit of Rs 266.04 crore in Q2FY19 which was mostly muted compared to previous quarters. The bank recorded growth of just 0.89% from Rs 263.70 crore in Q2FY18 and was slightly up by 1.26% from Rs 262.71 crore in Q1FY19. 

Net Interest Income of the bank came in at Rs 1,022.47 crore in Q2FY19 which was up by 13.74% from Rs 898.91 crore in Q2FY18 and higher by 4.32% from Rs 980.06 crore in Q1FY19. 

The banks provisions came in at Rs 288.82 crore in Q2FY19 versus Rs 176.77 crore in Q2FY18 and Rs 199.15 crore in Q1FY19. 

Gross NPA stood at 3.11% in Q2FY19 as against 2.39% in Q2FY18 and 3% in Q1FY19. 

13.00 PM: Indusind bank has posted a net profit of Rs 920 crores as against Rs 880 crores in the corresponding quarter of the previous year, showing a growth of 5%. Net Profit for the quarter excluding one-off contingent provision is Rs 1,096 crores, showing a growth of 25% year on year. A Bloomberg poll of analysts had predicted IndusInd Bank’s PAT at Rs 1,100 crore. 
In value terms, IndusInd's gross NPA stood at Rs 1,781.36 crore - increasing by 32.41% from previous Rs 1,345.28 crore in Q2FY18. The current gross NPA was sequentially above by 2.34% from Rs 1,740.62 crore in Q1FY19. 

However, in percentage terms gross NPA of the bank was at  1.09% in Q2FY19 versus 1.15% in Q1FY19 and 1.08% in Q2FY18. 

Darpin shah analyst at HDFC Securities says, IIB’s performance has consistently been in the top quartile. Faster than industry loan growth, healthy CASA, steady fee traction and controlled opex are expected to drive the core PPOP. However, given the bank’s exposure to a large infra group (downgraded by rating agencies) net earnings in FY19E will be dampened. While the return ratios will be impacted in the near term, we expect RoAAs to bounce back to 1.81% over FY19-21E. BFI merger and integration will provide further fillip to return ratios. Maintain BUY with a TP of Rs 1,954 (3.5x Sept-20 ABV of Rs 558).

Currently Indusind bank is trading at Rs 1634.00 per piece up by Rs 7.15 or 0.44% at around 1320hrs.

12.50 PM: S&P BSE Small cap sector trading high at 14089.84 up by 111.39 points or 0.80%.
The top gainers for small cap sectors are Rupa trading at Rs 321.60 per piece high by 20%,SPML Infra trading at Rs 56.20 per piece high by 19.96%, GTPL trading at Rs 97.95 per piece high by 19.96%, Ruby Mills trading at Rs 278 up by 14.71%, South bank trading at Rs 14.27 per piece high by 13.25% and Tirumalai chemicals trading at Rs 128.40 per piece high by 12.19%.

Further the top stock continues with Ador welding trading at Rs 390.35 up by 12.27%, Shal paints at Rs 102.55 up by 12.32%, HEG at Rs 4817 up by 12.18%, Lovable lingerie at Rs115.15 up by 11.58%, Aptech ltd at Rs 178.50 up by 11.32%, Ashima ltd at Rs 15.58 up by 10.73%, VIP clothing at Rs 44.60 up by 10.40%, 63 Moon at Rs74.85 up by 10.24%, Zee Media at Rs 28.20 up by 10.16% and Veto Switchgears at Rs 93.15 up by 9.98%.

Followed by Rane brake lining trading at Rs 604.60 up by 9.28%, TCPL packaging at Rs444 up by 9.79%, I G Petrochemicals at Rs 423 up by 8.91%, and Transformers and Rectifiers at Rs15.85 up by 8.93% at around 1255hrs.

12.20 AM: Shares of Federal Bank trading in green at Rs 77.45 per piece up by Rs 1.75 or 2.31%.

12.15 AM: Shares of Hero Motocorp trading in red at Rs 2880.10 per piece low by Rs 3.20 or 0.11% at around 1222 hrs.

12.00 PM: Shares of Infosys is trading in green at Rs 704.80 per piece up by Rs 5.70 or 0.82%.

11.50 AM: S&P BSE Auto Index is trading at 20432.30 up by 106.61 points or 0.52%.
Top performers on Auto index are Mahindra & Mahindra trading at Rs 769.80 per piece up by 2.83% followed by Ashok leyland at Rs 120.15 up by 2.47%, Appolo tyres at Rs 219.75 up by 1.55%, Bosch ltd at Rs 18843.50 up by 1.02% and TVS Motors at Rs 535.05 up by 1.13%

11.30 AM:

11.20 AM: Mahindra & Mahindra being the top performer on BSE trading at Rs 772.80 per piece high by Rs 24.20 or 3.23% a t around 1122 hrs.

11.00 AM: S&P BSE Small cap trading high at 14581.82 up by 228.41 points or 1.59%.
The top gainers for small cap are SPML Infra trading at Rs 56.20 per piece high by 19.96%, Ashim ltd trading at Rs 16.68 per piece high by 18.55%,  GTPL trading at Rs 96.45 per piece high by 18.13%, Rupa trading at Rs 315.55 per piece high by 17.74%, Ruby Mills trading at Rs 283.80 up by 17.10%

10.40 AM: Top three index which makes the contribution for sensex to be green. S&P BSE Small cap sector trading high  with 252.72 points followed by S&P BSE Midcap high with 144.57 points and S&P BSE 500 shares trading high 143.87 points.

10.00 AM: Brent crude oil is trading at Rs 81.09, up by Rs 0.33 or 0.14%

9.55 AM: Yellow metal price of today is 10gram for Rs 33,210 up by Rs 150 from the previous close of Rs 33060 for 24 carats of Gold.

9.50 AM: Rupee at 73.83 against USD$1

#ZBiz | FMCG शेयरों में तेज़ी, #HUL का शेयर 22 अंक चढ़ा। pic.twitter.com/xnSnSmKOLQ

— Zee Business (@ZeeBusiness) October 16, 2018

9.45AM: S&P BSE Small cap is trading on top, followed by S&P BSE Midcap aector and S&P BSE 500,

9.40 AM: Top gainers on NSE are UltraTech Cement, Indusland, M&M, Asian paints, Adani ports.

9.35 AM: S&P BSE SmallCap trading high, trading at 14549.56 high by 196.15 points or 1.37% where the top gainers are GTPL hathway, Tirumalai chemicals, Zee media, south bank, MPS ltd.

#ZBizFastMoney | खबरों और नतीजों वाले दमदार 20 शेयर जानिए @dkalra81 और @devganrajat9 के साथ। pic.twitter.com/OgJ2phFFfb

— Zee Business (@ZeeBusiness) October 16, 2018

9.30 AM: Indusind bank, Asian paints, adani ports, Mahindra & Mahindra and Hindustan unilever are the top five gainers on BSE Sensex 

9.25 AM: Asian paints trading on the top at Rs 1279.45 per piece high by 32.90 or 2.64% at around 928 hrs

9.20 AM: Market opens positive today as Sensex up by 159.58 points and  Nifty up by 38.85 points at around 921 hrs.

#MarketOpening | बाज़ार में लौटी रौनक, #Sensex 35000 और #Nifty 10550 पर खुले। pic.twitter.com/9BbPoyMdHB

— Zee Business (@ZeeBusiness) October 16, 2018

9.10 AM:  Results to watch today, Infosys, Hero Motocorp, Federal Bank to watch ahead of Q2FY19 result.

9.07 AM: Amid positive domestic institutional investors (DIIs), neutral global market, future and option (F&O), foreign institutional investors (FII) cues, the short-term trend of the Indian market is likely to be neutral on October 16, 2018.

9.03 AM: Cement, Fertilizers & Chemical sectors positive today.

#ResultsonZB | आज इन नतीजों पर रहेगी बाज़ार की नज़र।@poojat_0211 @SumitResearch @devganrajat9 pic.twitter.com/uez4ZnxlwP

— Zee Business (@ZeeBusiness) October 16, 2018

9.00 AM: Stocks in Focus Today: PNB Futures: Stop loss 66.50 and target 69, 70.50. PNB to sell Rs. 8000 crore non-core assets. 

8.50 AM: US stock markets fell broadly on Monday, weighing on crude. Oil futures at times track with equity markets.