Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity benchmark indices, Sensex and Nifty surged on Monday and closed at levels last seen at the beginning of March. S&P BSE Sensex ended gaining 398 points or 1.08% to close at 37,419 points, while the NSE Nifty 50 ended above the 11,000 mark. Bajaj Finance and Bajaj Finserve were the top gains on Sensex, up over 4% each. These were followed by HCL Technologies, Tech Mahindra, Infosys, and HDFC Bank. Sun Pharma was the worst-performing stock among Sensex constituents, followed by NTPC, Maruti, and Kotak Mahindra Bank. Among sectoral indices, all except Nifty Pharma ended in the green. Nifty Financial Services, Nifty Bank, and Nifty Private Bank were the top gainers.
In times when the banking sector is expecting headwinds, India’s largest private sector lender HDFC Bank has reported a 19.6% surge in net profit, on-year basis. At the end of the June quarter, HDFC Bank reported a net profit of Rs 6,659 crore while its net interest income surged to Rs 15, 665 crore. The bank continued to remain cautious and increased provisions and contingencies to Rs 3,891 crore. Total advances grew 21% on-year to Rs 10.03 lakh crore at the end of June, while total deposits were at Rs 11.89 lakh crore, an increase of 24.6% from the previous year.