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Axis Bank, HDFC Bank lead BSE Sensex, NSE Nifty 50 higher at open today
While Axis Bank's share price rose as much as 3%, those of HDFC Bank and ICICI Bank advanced 0.6% each. Track latest updates from Sensex and Nifty today, here.
India's stock market opened higher today, driven by gains in private banks after Axis Bank Ltd. reported its quarterly results on Wednesday.
At 10:03 am, the 30-share S&P BSE Sensex rose 0.52% to 83,031.83 points even as the wider NSE Nifty 50 was trading 0.47% higher at 25,442.75 points. Fifteen of the 16 major sector logged gains at open. The small-caps and mid-caps gained 0.6% and 0.2%, respectively.
Private banks climbed 1%, led by a 3% jump in Axis Bank's share price. The two highest weighted stocks—HDFC Bank Ltd. and ICICI Bank Ltd.—advanced 0.6% each, while third heaviest stock Reliance Industries Ltd. added 0.5%.
Axis Bank Results
Axis Bank reported a bigger-than-expected drop in second-quarter profit on Wednesday, as higher provisions for bad loans weighed on earnings.
Standalone net profit of India's fourth-largest private lender by market cap fell 26.4% year-on-year to ₹5,090 crore for the three months ended September 2025, according to an exchange filing. That, even as net interest income, or revenue, rose 2% year-on-year to ₹13,744 crore.
Axis Bank Q2 Results: Key Highlights (YoY)
- Revenue (NII) up 2% at ₹13,744 crore
- Net profit down 26.4% at ₹5,090 crore
- Gross NPAs at 1.46% versus 1.57% (QoQ)
- Net NPAs at 0.44% versus 0.45% (QoQ)
Track latest updates on the stock market today, here.
