Key benchmark indices edged higher amid initial volatility as firmness in Asian stocks supported gains on the bourses. At 9:24 IST, the barometer index, the S&P BSE Sensex, rose 43.07 points or 0.12% at 34,886.58. The Nifty 50 index advanced 4.05 points or 0.04% at 10,745.60.
Among the secondary indices, the S&P BSE Mid-Cap index fell 0.17%. The S&P BSE Small-Cap index dropped 0.04%. Both these indices underperformed the Sensex.
The breadth, indicating the overall health of the market, was positive. On the BSE, 888 shares advanced and 791 shares declined. A total of 67 shares were unchanged.
L&T (up 1.25%), TCS (up 0.86%) and NTPC (up 0.84%) gained.
Federal Bank declined 1.99%. The bank's net profit rose 26.43% to Rs 260.01 crore on 6.76% growth in total income to Rs 2729.83 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 15 January 2018.
The bank's ratio of gross non-performing assets (NPAs) to gross advances stood at 2.52% as on 31 December 2017 as against 2.39% as on 30 September 2017 and 2.77% as on 31 December 2016. The ratio of net NPAs to net advances stood at 1.36% as on 31 December 2017 as against 1.32% as on 30 September 2017 and 1.58% as on 31 December 2016.
The bank's provisions and contingencies rose 2.27% to Rs 162.43 crore in Q3 December 2017 over Q3 December 2016.
More From This Section
Among macroeconomic data, exports rose 12.36% to $27.03 billion in December 2017 over December 2016. Imports rose 21.12% to $41.91 billion in December 2017 over December 2016. The trade deficit for December 2017 was estimated at $14.88 billion as against the deficit of $10.54 billion during December 2016.
Overseas, Asian stocks gained amid announcements of corporate earnings. US stock markets remained shut yesterday, 15 January 2018, for the Martin Luther King Jr. holiday.
Powered by Capital Market - Live News