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PSU Bank shares declined after advancing in the past trading session.
At 12:25 IST, the barometer index, the S&P BSE Sensex declined 427.78 points or 0.58% to 74,477.91. The Nifty 50 index declined 140.10 points or 0.60% to 23,338.50.
In the broader market, the BSE 150 MidCap Index fell 0.52% and the BSE 250 SmallCap Index dropped 0.59%.
The market breadth was negative. On the BSE, 1,474 shares rose and 2,651 shares fell. A total of 256 shares were unchanged.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 4.23% to 12.30. The Nifty 29 September 2026 futures were trading at 23,399.20 at a premium of 60.7 points as compared with the spot at 23,338.50.
The Nifty option chain for the 29 September 2026 expiry showed a maximum call OI of 85.7 lakh contracts at the 24,000 strike price. A maximum put OI of 61.8 lakh contracts was seen at the 24,000 strike price.
Buzzing Index:
The Nifty PSU Bank index declined 0.87% to 8,329.05. The index rose 0.01% in the past trading session.
Bank of India (down 1.48%), State Bank of India (down 1.33%), Indian Bank (down 1.24%), Canara Bank (down 0.96%), Bank of Baroda (down 0.53%), Union Bank of India (down 0.49%), Central Bank of India (down 0.39%) and Punjab & Sind Bank (down 0.13%) declined.
Stock in Spotlight:
Diamond Power Infrastructure rose 2.27% after the company announced that it had completed its exit from the resolution framework under the Insolvency and Bankruptcy Code (IBC). The company said it has prepaid the entire Rs 501 crore cash consideration payable to its erstwhile lenders under the NCLT-approved resolution plan, along with redeemable bonds worth Rs 1,900 crore. The cash component was originally payable over five years, with the final instalment due on 30 September 2027. The company said it discharged the cash obligation in September 2026, one year ahead of schedule.
IndusInd Bank Ltd lost 2.03% today to trade at Rs 1011.05. The BSE BANKEX index is down 0.59% to quote at 64887.93. The index is down 1.97 % over last one month. Among the other constituents of the index, State Bank of India decreased 1.05% and AU Small Finance Bank Ltd lost 1.03% on the day. The BSE BANKEX index went up 5.29 % over last one year compared to the 3.36% fall in benchmark SENSEX.
IndusInd Bank Ltd has lost 1.57% over last one month compared to 1.97% fall in BSE BANKEX index and 0.33% drop in the SENSEX. On the BSE, 1629 shares were traded in the counter so far compared with average daily volumes of 3.91 lakh shares in the past one month. The stock hit a record high of Rs 1077.8 on 22 Jul 2026. The stock hit a 52-week low of Rs 710.85 on 26 Sep 2025.
Bank of Baroda lost 2.1% today to trade at Rs 244.6. The BSE BANKEX index is down 0.36% to quote at 65068.88. The index is down 0.94 % over last one month. Among the other constituents of the index, State Bank of India decreased 0.76% and Axis Bank Ltd lost 0.67% on the day. The BSE BANKEX index went up 5.26 % over last one year compared to the 2.6% fall in benchmark SENSEX.
Bank of Baroda has lost 2.55% over last one month compared to 0.94% fall in BSE BANKEX index and 1.21% rise in the SENSEX. On the BSE, 9597 shares were traded in the counter so far compared with average daily volumes of 5.17 lakh shares in the past one month. The stock hit a record high of Rs 325.55 on 26 Feb 2026. The stock hit a 52-week low of Rs 231 on 29 Aug 2025.
In the cash market, the Nifty 50 index rose 13.15 points or 0.05% to 24,583.80.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, advanced 1.41% to 12.33.
State Bank of India (SBI), Bombay Stock Exchange (BSE) and Bharat Forge were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The August 2026 F&O contracts will expire on 25 August 2026.
Shares of Life Insurance Corporation of India (LIC) and Bandhan Bank banned from F& Trading on 7 August 2026.
Earnings to Watch:
State Bank of India, Titan Company, Hindalco Industries, Power Finance Corporation, Godrej Consumer Products, Oil India, Hitachi Energy India, BEML, Kaynes Technology India, The Ramco Cements, Powerica, CARE Ratings, Cera Sanitaryware, Lemon Tree Hotels, Afcons Infrastructure, Carborundum Universal, Poly Medicure, Inox Wind, Electronics Mart India, Fine Organic Industries, Jyoti CNC Automation, Raymond Realty will declare their quarterly result later today.
Stocks to Watch:
Life Insurance Corporation of India (LIC) reported 22.81% increase in standalone net profit to Rs 13,492.03 crore in Q1 FY27, compared with Rs 10,986.51 crore in Q1 FY26. Total income increased 7.01% YoY to Rs 2,40,390.96 crore in the quarter ended 30th June 2026.
Britannia Industries reported 13.56% jump in consolidated net profit to Rs 591.35 crore in Q1 FY27 compared with Rs 520.72 crore posted in corresponding quarter last year. Net sales rose 8.17% YoY to Rs 4,999.97 crore in Q1 FY27.
Fortis Healthcare’s consolidated net profit increased 2.26% to Rs 259.23 crore in Q1 FY27, compared with Rs 250.67 crore in Q1 FY26. Net sales jumped 17.46% YoY to Rs 2545.03 crore in Q1 FY27.
Lupin reported 16.08% jump in consolidated net pofit to Rs 1,415 crore in Q1 Fy27 compared with Rs 1219.03 crore posted in Q1 FY26. Net sales climbed 32.04% YoY to Rs 8276.89 crore in Q1 FY27.
Apollo Tyres’ consolidated net profit marginally 0.09% rise in net profit to Rs 331.31 crore in Q1 FY27, compared with Rs 331.01 crore in Q1 FY26. Net sales jumped 12.76% YoY to Rs 7,397.79 crore in Q1 FY27.
Shipping Corporation of India reported 74.87% jump in consolidated net profit to Rs 619.34 crore in Q1 FY27 compared with Rs 354.17 crore in Q1 FY26. Revene from operations increased 40.31% YoY to Rs 1846.56 crore in Q1 FY27.
GR Infraprojetcs’ consolidated net profit climbed 46.4% to Rs 357.29 crore in Q1 FY27, compared with Rs 244.05 crore in Q1 FY26. Revenue from operations rose 40.06% YoY to Rs 2,784.11 crore in Q1 Fy27.
Bharti Airtel said that its subsidiary Nxtra Data has entered into agreements for acquisition of upto 85% stake each, in one or more tranches, in Rochak Systems and Rovision Tech Hub. The said acquisition would be done on cash basis at an agreed valuation. Both, Rochak and Rovision are recently incorporated entities in India, which propose to engage in the business of developing land for construction of data centre. Rochak and Rovision are yet to commence commercial operations.
GMR Airports has entered into an agreement to subscribe upto 49% of the issued and paid-up share capital in TIM Goa Airport Advertising (TGAAPL) for an aggregate cash consideration amount of up to Rs 16 59 crore. TGAAPL will be primarily engaged in advertisement business at the Manohar International Airport, Mopa, Goa. TGAPPL will acquire the advertisement business at Goa Airport at Mopa through a novation process from its parent company i.e. TIMES Innovative Media.
ICICI Bank Ltd fell 1.75% today to trade at Rs 1451.1. The BSE BANKEX index is down 0.56% to quote at 65524.41. The index is up 2.07 % over last one month. Among the other constituents of the index, State Bank of India decreased 0.88% and Union Bank of India lost 0.74% on the day. The BSE BANKEX index went up 6.08 % over last one year compared to the 2.61% fall in benchmark SENSEX.
ICICI Bank Ltd has added 5.08% over last one month compared to 2.07% gain in BSE BANKEX index and 2.63% rise in the SENSEX. On the BSE, 13679 shares were traded in the counter so far compared with average daily volumes of 8.29 lakh shares in the past one month. The stock hit a record high of Rs 1479.9 on 20 Jul 2026. The stock hit a 52-week low of Rs 1187.55 on 02 Apr 2026.
Net interest income (NII) climbed 14.88% YoY to Rs 46,992 crore, reflecting healthy growth in the bank's lending business. The domestic net interest margin (NIM), however, moderated marginally to 3.00% in Q1 FY27 from 3.01% in the year-ago period.
SBI's balance sheet remained strong, with total deposits rising 9.73% YoY to Rs 60.06 lakh crore as of 30 June 2026. Gross advances grew 18.63% YoY to Rs 50.47 lakh crore, underscoring sustained credit demand across segments.
Domestic CASA increased 9.30% YoY to Rs 22.61 lakh crore. However, the CASA ratio eased by 12 basis points to 39.24% from 39.36% a year earlier.
The bank continued to strengthen its asset quality during the quarter. Gross non-performing assets (GNPA) declined 36 basis points to 1.47% as of 30 June 2026 from 1.83% a year earlier, while net non-performing assets (NNPA) improved by 9 basis points to 0.38% from 0.47%. In absolute terms, gross NPAs declined 4.83% YoY to Rs 74,272 crore.
SBI's Provision Coverage Ratio (PCR) stood at 74.20%, while the PCR including Accounts Under Collection Account (AUCA) remained robust at 91.82%, reflecting prudent provisioning. The bank's Capital to Risk-Weighted Assets Ratio (CRAR) stood at 15.67% at the end of the quarter, indicating a strong capital position to support future business growth.
State Bank of India is India’s largest public sector lender with operations across retail banking, corporate banking, treasury, international banking and financial services.