The Indian market opened Monday on a confident note, and the mood only strengthened as the session progressed. The Nifty is near 25,900 brushing close to another life-time high. The Sensex gained 450 points at 84,400, its strongest level in four months. Bank Nifty is setting new records; handing a clean sweep for the bulls powered by solid results from heavyweights such as HDFC Bank, ICICI Bank, PNB, IndusInd Bank, Federal Bank, and AU Small Finance Bank.
Here are the top movers and shakers at this hour:
RBL Bank
RBL Bank share price jumped 6.67% to Rs 319.50 on the NSE after the private lender announced that Emirates NBD Bank’s $3 billion (Rs 26,853 crore) fund infusion is expected to close by June next year, pending regulatory and government approvals.
HDFC Bank
HDFC Bank share price rose 1.5% after the country’s largest private lender posted a net profit of Rs 18,641.28 crore for Q2 FY26, up 11% year-on-year from Rs 16,820.97 crore. Net interest income (NII) increased 4.8% YoY to Rs 31,550 crore.
The bank’s core net interest margin (NIM) came in slightly lower at 3.27% versus 3.35% in the previous quarter, as deposit costs continued to rise. Even so, investors looked past the slight dip in margins, choosing instead to focus on the scale and steadiness of earnings something few peers can match.
Bank Stocks
Smaller private lenders such as Federal Bank, DCB Bank, and South Indian Bank rallied sharply up to 16.5% intraday after delivering strong second-quarter results.
Federal Bank hit Rs 227, up 7%, DCB Bank surged 13% to Rs 146, and South Indian Bank soared over 16% to Rs 38. These names were also buoyed by speculation that more mid-sized lenders might draw foreign interest following the RBL–Emirates NBD development. The re-rating of India’s mid-tier banking universe seemed to have begun.
ICICI Bank
However, one bank stock bucked the trend. ICICI Bank share price slipped 2.6% to Rs 1,399.65 after the lender posted a 5.2% YoY rise in profit after tax to Rs 12,359 crore for Q2 FY26, compared with Rs 11,748 crore last year. Investors saw the growth as steady but not spectacular.
Commentary on loan growth and margins was cautious, and that was enough for traders to lock in profits after recent highs. The stock’s decline wasn’t about weakness just a reminder that expectations for the private banking majors have become very hard to beat.
JSW Energy
JSW Energy share price slipped over 5% to Rs 514.15 after the company’s Q2 FY26 earnings fell short of market expectations. Consolidated net profit dropped 17% year-on-year to Rs 705 crore compared to Rs 853 crore in the same period last year.
Revenue from operations, however, climbed 60% YoY to Rs 5,177 crore, led by capacity additions in renewables and contributions from the Mahanadi and O2 Power projects. Sequentially, profit after tax fell 5% from Rs 743 crore in Q1 FY26, while revenue edged up 0.7%. The top line looked fine, but investors weren’t forgiving about the bottom line.
Reliance Industries
Reliance Industries’ share price jumped 3% on the back of strong performances across Oil-to-Chemicals, Jio, and retail operations. Revenue also rose 10% YoY, supported by firm refining margins and retail expansion.
Capital expenditure stayed elevated as the company continued its focus on scaling up its energy transition, telecom, and consumer verticals. The market reaction was measured not euphoric, but approving.
Tyre Stocks
Tyre makers extended their upward run. Ceat, JK Tyre, TVS Srichakra, Apollo Tyres, Balkrishna Industries, and MRF all gained up to 8% in Monday’s trade.
Ceat share price jumped 8% to Rs 4,023.85 after reporting strong Q2 FY26 numbers, closing in on its 52-week high of Rs 4,048.95. JK Tyre surged 8% to Rs 419.70, TVS Srichakra added 5% to Rs 4,200, Apollo Tyres advanced 4.5% to Rs 511.55, Balkrishna Industries rose 3% to Rs 2,325, and MRF ticked 1% higher to Rs 1,58,349.90.
The rally came amid upbeat earnings and expectations of higher demand after the GST reduction on tyres and vehicles.
