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21
January 2019
I had
mentioned in Friday’s closing report that Nifty, Sensex were directionless. The
major indices of the Indian stock markets were range-bound on Monday and closed
with gains over Friday’s close. On the NSE, there were 543 advances, 1,183
declines and 348 unchanged. The trends of the major indices in the course of
Monday’s trading are given in the table below:
Amid
healthy third quarter earnings, Sensex and Nifty ended on a firm note on
Monday, tracking similar trend in the global markets over easing trade tensions
between the US and China. Asian markets were upbeat although China reported a
slowdown in its GDP growth rate. China's economy grew 6.6% in 2018, the weakest
annual performance since 1990, confirming a slowdown in the world's second
largest economy that could threaten global growth, according to official data
on Monday. China's growth was 6.8% in 2017. Energy, IT (information technology)
and oil and gas sectors gained while the key finance stocks ended lower.
Kotak
Mahindra Bank reported a 22.57% increase in its standalone net profit during
the October-December quarter on a year-on-year basis. Its standalone net profit
stood at Rs1,290.93 crore, up from Rs1,053.21 crore recorded during the third
quarter of the financial year 2017-18, the bank said in a regulatory filing at
the BSE. Its total income during Q3 of ongoing financial year (2018-19) was
Rs7,214.21 crore, higher by 19.26% from Rs6,049.02 crore earned during the
corresponding period of the previous year. "As on December 31, 2018, the
GNPA (Gross Non-Performing Asset) was 2.07% and NNPA (Net Non-Performing Asset)
was 0.71%," it said. Capital adequacy ratio of the bank, including
unaudited profits as per Basel-III, as on December 31 was 18.1% and Tier-I
ratio was 17.6%. Kotak Mahindra Bank shares closed at Rs1,274.00, up 2.73% on
the NSE.
HDFC
Bank reported a 20.32% increase in its net profit for the October-December
quarter, on a year-on-year basis. Its net profit for the third quarter (Q3) of
financial year 2018-19 stood at Rs5,586 crore, against Rs4,642 crore reported
during the corresponding period of 2017-18, HDFC Bank said in a regulatory
filing at the Bombay Stock Exchange. The total income of the bank in the period
under review was Rs30,811 crore, 26.02% higher from 24,450 crore earned during
Q3, 2017-18. Net interest income (interest earned less interest expended) for
the quarter ended December 31, 2018 grew by 21.9% to Rs12,576.8 crore, from
Rs10,314.3 crore for the quarter ended December 31, 2017, driven by asset
growth of 23.7% and a core net interest margin for the quarter of 4.3%, the
bank said. Further, total balance sheet size as of December 31, 2018 was
Rs11.68 lakh crore as against Rs9.5 lakh crore as of December 31, 2017. HDFC
Bank shares closed at Rs2,145.40, up 0.71% on the NSE.
The
Indian rupee continued to depreciate for the second week on the trot, as it
weakened by 69 paise to Rs71.18 against the US dollar from its previous close
of Rs70.49.
Provisional
data from the BSE since the start of year showed that foreign institutional
investors offloaded stocks worth Rs2,318.76 crore as against domestic investors
buying Rs1,842.31-crore shares.
The
top gainers and top losers of the major indices are given in the table below:
The
closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions
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Major Indices (The Total
Investment & Insurance Solutions)
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