Domestic equity markets on Monday opened with strong gains in the special Muhurat trading session, which also marks the beginning of the Hindu Samvat Year 2079, on the back of firm cues from global markets and domestic banks’ earnings. The BSE Sensex was trading higher by 631.19 notch, or 1.06 per cent, at 59,938 points; while the NSE Nifty was higher by 185.1 points, or 1.05 per cent, at 17,761.40 points in the opening trade.
In the pre-open market deal which opened at 6:00 pm, the Sensex was up by 570.49 points to 59,877.64 points.
Muhurat trading, which is taking place between 6:15 pm and 7:15 pm, is a special one-hour trading session conducted by the bourses on the occasion of Diwali.
Last week, the Sensex climbed 1,387.18 points or 2.39 per cent. On Friday, it settled at 59,307, which was up 104 points or 0.18 per cent as compared with the previous close.
ICICI Bank has posted a standalone net profit of Rs 7,557.8 crore for the September 2022 quarter (Q2FY23), a jump of 37 per cent year-on-year (YoY) as compared with Rs 5,511 crore a year ago. The private sector lender’s net interest income (NII) during July-September 2022 jumped 26 per cent YoY to Rs 14,786.8 crore, against Rs 11,690 crore a year ago.
Kotak Mahindra Bank has reported an about 27 per cent rise in net profit at Rs 2,581 crore for the quarter ended September 2022. The private sector lender had posted a net profit of Rs 2,032 crore in the same quarter of the previous fiscal year. Total income during the July-September period of 2022-23 grew to Rs 10,047 crore, as against Rs 8,408 crore in the year-ago quarter.
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