Banks lead Indian shares higher on quarterly updates ahead of RBI policy decision
BUZZ-Banks lead Indian shares higher on quarterly updates ahead of RBI policy decision ** India's Nifty 50 .NSEI and Sensex .BSESN rise 0.6% each, led by lenders with upbeat quarterly updates, ahead of the central bank's policy decision due on Wednesday
** Fifteen of the 16 major sectors advance; banks .NSEBANK, financials .NIFTYFIN, private banks .NIFPVTBNK rise 0.6%, 0.9% and 1.1%, respectively
** Axis Bank AXBK.NS, IndusInd Bank INBK.NS and Kotak Mahindra Bank KTKM.NS gain 1.1%, 1.8% and 3.7%, on reporting rise in quarterly advances and deposits
** "Strong deposit and credit growth in the economy indicate good prospects for the financial sector," says VK Vijayakumar, chief investment strategist at Geojit Investments
** Trent TREN.NS climbs 10% after the apparel retailer says standalone revenue rose 23% Y/Y in September quarter, in its quarterly business update
** Broader small-caps .NIFSMCP100, mid-caps .NIFMDCP100 gain 0.9% and 0.6%, respectively
** Bucking the broader trend, IT index .NIFTYIT drops 1.1% on earnings worries due to demand uncertainty and delays in decision-making by clients
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
Recent news on IndusInd Bank
See all newsIndia's IndusInd Bank rises on strong Q2 projections
Banks lead Indian shares higher on quarterly updates ahead of RBI policy decision
Brief: Indusind Bank Net Advances As Of Sept 30, 2026 At 3.62 Trillion Rupees, Up 11.2% YoY
Indian banks fall as proposed insurance commission caps raise fee-income concerns (updated)
Indian banks fall as proposed insurance commission caps raise fee-income concerns