Q3 results today: HDFC Bank, ICICI Lombard, L&T Technology among 31 companies to announce Q3FY24 earnings today

livemint.com:

BSE Sensex experienced a surge of 759 points, reaching 73,328, primarily driven by gains in the technology sector, banking stocks, and Reliance Industries. Simultaneously, the Nifty 50 saw a substantial increase of 203 points, crossing the 22,098 mark, as expected. A total of 31 companies are scheduled to release their Q3 results today.

These include HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, Federal Bank, Bank of Maharashtra, ICICI Securities, Himadri Speciality Chemical, Jindal Saw, Network18 Media & Investments, Newgen Software Technologies, TV18 Broadcast, C.E. Info Systems, Credo Brands Marketing, Hathway Cable & Datacom, Lotus Chocolate Company, National Standard (India), Gallantt Ispat, India Steel Works, Binani Industries, Next Mediaworks and RO Jewels. Analysts and brokerage firms are anticipating the bank will report overall good numbers for the third quarter.

However, the net interest margins (NIMs) could see the pressure of the high cost of funds. Also Read | Indian stock market: 7 key things that changed for market overnight - Gift Nifty, oil prices to trade deficit Earlier this month HDFC Bank announced its gross advances aggregated to ₹24,69,500 crore as of December 31, 2023, registering a growth of around 62.4% over ₹15,20,500 crore as of December 31, 2022, Mint reported earlier. Also Read | Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 16 Meanwhile, on Tuesday, Nifty and Sensex soared to fresh record highs today, led by favorable macroeconomic and geopolitical factors.