No Monday blues! HDFC Bank, RIL lift Sensex over 450 points, Nifty above 24,950
HDFC Bank, Reliance Industries, and IT stocks.
The BSE Sensex was trading 475 points, or 0.59%, higher at 81,700. The Nifty50 was up 102 points, or 0.41%, trading at 24,955 around 9:18 am.
From the Sensex pack, HDFC Bank, Tech Mahindra, Axis Bank, Reliance Industries, and HCL Tech opened with gains, while Kotak Mahindra Bank, Bharti Airtel, M&M, NTPC, and ITC opened with cuts.
HDFC Bank shares surged over 3% in early trade after the bank posted a standalone net profit above analysts' average forecast in the September quarter.
However, Kotak Mahindra Bank shares fell over 3% after the private lender reported a sequential margin contraction and asset quality deterioration in the second quarter.
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