Indian stock markets are likely to open higher on Monday, tracking positive global cues and strong momentum in banking and IT stocks. The Nifty has been on a two-day recovery run, supported by late gains in technology counters on Friday ahead of the earnings season, which kicks off this Thursday for Nifty 50 companies. On the charts, the next key resistance for Nifty is seen at 25,017, marking the 50% retracement of the decline from the September 18 high of 25,448 to the September 30 low of 24,587.
Stocks showing strength
HDFC Bank: Gross advances up 9.9% YoY; total deposits rise 12% YoY.
Kotak Mahindra Bank: Net advances up 15.8%; total deposits increase 14.6% YoY.
Infosys: To modernise Telenor Shared Services’ HR operations.
Bajaj Finance: AUM growth in line with guidance at 23.6%; customer base up 20% YoY.
Apollo Hospitals / Max Healthcare: CGHS revises hospital rates with graded structure for cities.
Marico: Consolidated revenue growth to touch the 30% mark YoY; India business volume growth in high single digits.
Bandhan Bank: Loan book up 7.2%; deposits rise 10.9% YoY.
Hindustan Copper: Executes 20-year lease deed for Kendadih Copper Mine in Jamshedpur.
Bank of Baroda: Loans up 12% YoY (6% QoQ); deposits rise 9.3% YoY (4.5% QoQ).
Bajaj Housing Finance: AUM growth in line with guidance at 23.6%; disbursements up 32.3% YoY.
L&T Finance: Disbursements rise 25% YoY; retail loan book up 17.4% YoY.
JSW Energy: Commissions 114 MW of renewable energy capacity.
IEX: Q2 electricity traded volume up 16.1%; RTM growth at 39.1% YoY.
AU Small Finance Bank: Gross advances up 5.3% QoQ; total deposits up 3.8% QoQ.
Fortis Healthcare: SEBI permits IHH to proceed with 26% open offer; CGHS revises rates.
Angel One: Q2 gross client acquisition up 12.2%; client base rises 4.9% QoQ.
RBL Bank: Loan book up 14%; retail advances up 11% YoY.
Kalyan Jewellers: Consolidated revenue growth at approximately 30%; same-store sales growth at 16% YoY.
Nykaa: GMV growth expected to be near 30%, up from mid-twenties in previous quarters.
Sobha: Q2 sales volume up 41% YoY, marking best-ever H1FY26 performance.
Yes Bank: CASA deposits up 13.2% YoY; loan growth rises 3.9% QoQ.
MOIL: Q2 production up 10.3%; sales rise 18.6% YoY.
Allcargo Logistics: Subsidiary ALX files complaint with EoW; seeks criminal proceedings against ALX CEO.
Suryoday SFB: Gross advances up 23%; deposit growth above 30% for the 13th consecutive quarter.
IDBI Bank: Net advances up 14.6%; total deposits rise 9.3% YoY.
Punjab National Bank: Global deposits up 10.9%; advances rise 10.3% YoY.
Punjab & Sind Bank: Loan growth at 16% YoY — strongest in last 10 quarters.
UCO Bank: Loan growth above guidance at 16.7% YoY; deposits up 11% YoY.
Bajaj Health: Gets SEC-CDSCO nod for Phase III clinical trials of Suvorexant Tablets.
Stocks under pressure
Tata Steel: Faces Rs 2,411 crore demand from Odisha authorities for Sukinda mine shortfall.
IndusInd Bank: Loan book declines for third consecutive quarter; deposits down 5.5% YoY.
Lupin: US FDA classifies Pithampur Unit-II as “Official Action Indicated.”
DMart: Standalone revenue growth at 15.4%; eight stores added in Q2.
Hindustan Zinc: Q2 saleable metal output down 6% YoY; silver production falls 22% YoY.
Vedanta: Aluminium production up 1% YoY; oil and gas average production down 15% YoY.
AWL Agri: Q2 food & FMCG volumes (excluding G2G) up 1%; edible oils volumes rise 4% YoY.
Ujjivan SFB: Loan book growth lowest in last 10 quarters, up 14% YoY.
Aditya Birla Lifestyle: Flipkart likely to sell up to 6% stake via block deals.
Equitas SFB: Deposit growth down 0.6% QoQ; gross loans below guidance.
ESAF SFB: Deposits up 0.9% QoQ; loan growth at 4.3% YoY.
Paradeep Phosphates: Search operations being carried out by customs department for alleged violations.
The momentum in banking, IT, and consumer stocks ahead of Q2 results is likely to keep the Nifty in positive territory today. Analysts see 25,017 as the immediate resistance zone, while 24,800 remains key support. Investors will also eye early corporate earnings and deposit growth trends from major lenders for cues on sectoral strength.
