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Sensex edges higher; Axis Bank, ICICI Bank among top gainers

Tata Steel, Yes Bank and HCL Tech were among the other top gainers
HDFC Bank and HDFC weighed on the index

The Sensex moved higher in early trade, led by Axis Bank and ICICI Bank. Yes Bank, Tata Steel and HCL Tech were among the other top gainers. However, losses in HDFC Bank and HDFC (both down over 1%) capped the gains. Stocks in Asia struggled for traction today as the earnings season rolled on and investors awaited the Federal Reserve’s policy meeting.

30 Jan 2019, 09:39:04 AM IST
Axis Bank shares surge on earnings beat
Shares of Axis Bank surged nearly 6% today as the private lender more than doubled net profit in its last quarter, driven by higher interest income and recoveries from written-off accounts. Its net profit rose to ₹1,681 crore for the three months to December 31. In the third quarter, Axis Bank’s gross non-performing loans fell to 5.75% of total loans at the end of December from 5.96% in the previous quarter.

30 Jan 2019, 09:35:19 AM IST
L&T Tech services fall nearly 3%
L&T Technology Services Ltd fell 2.7% to ₹1,644 after L&T plans to sell 3 million shares in L&T Tech at ₹1,610 a share between 30 and 31 January.

30 Jan 2019, 09:34:17 AM IST
Yes Bank shares up after promoters agree to nominate one director each on board
Yes Bank shares rose 2% to ₹207 after the private lender informed exchanges that promoters Rana Kapoor and Madhu Kapur have decided to nominate one representative director each on the lender’s board.

30 Jan 2019, 09:32:17 AM IST
Bank of Baroda shares rise on jump in Q3 profit
Bank of Baroda rose 3.2% to ₹117 after the bank reported an over four-fold jump in net profit at ₹471.25 crore for the third quarter ended December 2018 against ₹111.78 crore a year ago.

30 Jan 2019, 09:28:38 AM IST
Rupee slides against US dollar
The rupee slipped to 71.32 against the US dollar today as traders await the Federal Reserve’s policy decision due later today. The rupee had opened at 71.38 a dollar.

source: moneycontrol.com

 

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