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PSU Bank, pharma and realty shares advanced while IT, metal and FMCG shares declined.
As per provisional closing data, the S&P BSE Sensex added 107.25 points or 0.13% to 81,106.65. The Nifty 50 index rose 58.25 points or 0.23% to 25,044.65.
In the broader market, the BSE 150 MidCap Index rose 0.28% and the BSE 250 SmallCap Index fell 0.15%.
The market breadth was negative. On the BSE, 2,013 shares rose and 2,419 shares fell. A total of 247 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 5.56% to 17.41.
Brent crude for December 2026 settlement declined 92 cents or 0.94% to $97.40 a barrel.
The NSE and BSE will remain closed on Tuesday on account of the Diwali-Balipratipada holiday.
Buzzing Index:
The Nifty PSU Bank index jumped 3.74% to 8,906. The index shed 0.32% in the past trading session.
Punjab National Bank (up 5.34%), Union Bank of India (up 5.33%), Bank of Baroda (up 4.38%), Bank of India (up 4.32%), Indian Bank (up 4.05%), Canara Bank (up 3.94%), State Bank of India (up 2.55%), Bank of Maharashtra (up 1.65%), Central Bank of India (up 1.27%) and UCO Bank (up 1%) surged.
Stocks in Spotlight:
Gland Pharma surged 4.86% after reporting strong Q2 FY27 results, with consolidated net profit rising 58.3% YoY to Rs 290.8 crore from Rs 183.7 crore in Q2 FY26. On a sequential basis, net profit declined 8.3% from Rs 317 crore in Q1 FY27. Revenue from operations increased 23.3% YoY to Rs 1,833.6 crore from Rs 1,486.9 crore. Sequentially, revenue rose 1.8% from Rs 1,800.3 crore.
Affordable Robotic & Automation hit the 5% upper circuit after securing an order worth approximately Rs 19 crore. The order is for its next-generation automated guided vehicle (AGV)-based car parking technology.
Larsen & Toubro (L&T) rose 1.82% after the construction major announced that its heavy civil infrastructure business vertical has secured a significant order from Noida Metro Rail Corporation for part design and construction of the Noida Metro Aqua Line Extension Project. The project scope encompasses part design and construction of a 15.1 km elevated viaduct from Botanical Garden to Noida Sector-142 and from Depot Station to Boraki. The scope includes the construction of 10 elevated metro stations, including architectural finishes.
Global Market:
Dow futures rose 324 points, signalling a strong opening for US stocks.
European shares advanced on Monday, despite last week's global sell-off in technology stocks.
Asian indices ended higher, tracking Friday's recovery on Wall Street. Investor attention remained on Nvidia after its board announced an independent investigation into reports that CEO Jensen Huang had been targeted in a suspected Chinese intelligence operation. The board said it had no reason to believe that Nvidia's confidential information or US national security had been compromised. The allegations added uncertainty to the technology sector amid concerns over AI-related investments and US-China tensions.
Meanwhile, China's October producer price inflation accelerated to 5.7% year-on-year from 5% in September. Consumer inflation slowed to 0.7% from 0.9%, while core inflation eased to 0.8% from 1%.
US stocks ended mixed on Friday, 06 November 2026, as technology shares recovered from the previous session's sharp sell-off. The S&P 500 rose 0.31% to 7,376.86, while the Nasdaq Composite advanced 1.09% to 24,579.42. The Dow Jones Industrial Average declined 0.46% to 51,285.73.
Semiconductor and AI-related stocks led Friday's recovery. Advanced Micro Devices (AMD) surged around 11%, while Nvidia gained 2.8% and Micron Technology advanced 5.1%. Intel also climbed 7.7% as investors bought beaten-down technology stocks. IREN jumped 20% following stronger-than-expected revenue and growth in its AI cloud business.
Airbnb gained 11.7% after reporting stronger third-quarter demand and raising its full-year revenue growth outlook to the high teens. The company also lifted its adjusted EBITDA margin forecast to around 36%.
The US labour market delivered a stronger-than-expected performance in October. Non-farm payrolls increased by 165,000, against expectations of around 65,000. September's job additions were revised upwards to 60,000 from 29,000. The unemployment rate declined to 4.1% from 4.2%.
Average hourly earnings rose 0.4% month-on-month and 3.1% year-on-year. The stronger employment data reinforced expectations that the Federal Reserve could raise interest rates in December. Market-implied odds of a 25-basis-point increase rose to around 79%, compared with 71% a week earlier.
The next major US data release is the October consumer price index (CPI), scheduled for Tuesday, 10 November 2026. The reading will be important in assessing whether inflationary pressures could prompt further monetary tightening.
Brent crude futures declined on Monday trading followed by comments from US President Donald Trump that fresh attacks on Iran were unlikely if negotiations to end the conflict continued.
Brent had fallen 17% last week, marking its steepest weekly decline since the start of the Covid-19 pandemic. However, reports of attacks on vessels near the Strait of Hormuz kept geopolitical risks in focus. Iraq also reached an understanding with the US to allow oil exports through the strait using a shipping lane near Oman.
Total income rose 5.44% YoY to Rs 38,185.41 crore from Rs 36,213.62 crore, and 2.56% quarter-on-quarter (QoQ) from Rs 37,230.73 crore. Net interest income (NII) grew 10.82% YoY to Rs 11,601.29 crore from Rs 10,468.80 crore, and 7.44% QoQ from Rs 10,798.36 crore. Fee-based income climbed 16.0% YoY to Rs 1,954 crore from Rs 1,685 crore.
Profit before tax (PBT) increased 12.92% YoY to Rs 7,434.67 crore from Rs 6,583.98 crore, and 6.54% QoQ from Rs 6,978.01 crore. Pre-provisioning operating profit (PPOP) grew 4.22% YoY to Rs 7,531.94 crore from Rs 7,227.06 crore, and edged up 0.17% QoQ from Rs 7,519.20 crore. Global net interest margin (NIM) improved to 2.58% from 2.50% in Q1 FY27, but was marginally lower than the 2.60% a year earlier.
Provisions and contingencies fell 84.87% YoY to Rs 97.27 crore from Rs 643.08 crore, and 82.03% QoQ from Rs 541.19 crore.
Asset quality improved. Gross NPAs declined 15.25% YoY to Rs 34,190.17 crore, with the gross NPA ratio at 2.55% against 3.45% a year ago and 2.78% in June 2026. Net NPAs fell 17.70% YoY to Rs 3,313.27 crore, with the ratio at 0.25% against 0.36% a year ago and 0.28% in the previous quarter. Provision coverage ratio, including technical write-offs, stood at 97.32%, compared with 96.91% a year earlier and 97.23% in June 2026. The slippage ratio was 0.77% against 0.71% a year ago.
Global business grew 11.9% YoY to Rs 31,18,434 crore. Global deposits rose 9.9% YoY to Rs 17,77,240 crore, up 3.04% QoQ, while global advances grew 14.7% YoY to Rs 13,41,194 crore, up 5.35% QoQ. The credit-deposit ratio rose to 75.5% from 72.3%. CASA deposits grew 7.3% YoY to Rs 6,25,945 crore, with the CASA share at 36.6% against 37.29% a year earlier.
Retail advances excluding inter-bank participation certificates (IBPC) grew 16.3% YoY. Housing loans rose 14.3% to Rs 1,41,836 crore, vehicle loans rose 29.6% to Rs 38,234 crore, agriculture priority-sector advances rose 18.1% to Rs 1,71,156 crore, and MSME advances rose 19.8% to Rs 2,14,619 crore. Capital adequacy ratio (CRAR) improved to 17.95% from 17.19% a year ago, and tangible book value per share rose to Rs 111.94 from Rs 95.92. Return on assets was steady at 1.05%.
Digital transactions rose 31% YoY to 408 crore in the quarter and accounted for about 95.7% of the bank's total transactions. WhatsApp Banking users rose 72% to 143 lakh. The bank's retail app, PNB One, had 285 lakh users, and its corporate app, PNB One Biz, had 4.14 lakh users, up 112%.
Punjab National Bank is a New Delhi-headquartered public sector lender. It has 10,481 domestic branches, 2 international branches and 53,672 customer touch points.
Punjab National Bank gained 4.61% today to trade at Rs 121.45. The BSE BANKEX index is up 0.36% to quote at 62995.09. The index is down 0.82 % over last one month. Among the other constituents of the index, Canara Bank increased 1.14% and Union Bank of India added 1.08% on the day. The BSE BANKEX index went down 3.17 % over last one year compared to the 10.84% fall in benchmark SENSEX.
Punjab National Bank has added 3.63% over last one month compared to 0.82% fall in BSE BANKEX index and 0.75% rise in the SENSEX. On the BSE, 2.26 lakh shares were traded in the counter so far compared with average daily volumes of 5.9 lakh shares in the past one month. The stock hit a record high of Rs 135.15 on 19 Jan 2026. The stock hit a 52-week low of Rs 98.5 on 18 May 2026.
Coal India Ltd, Punjab National Bank, Bharti Airtel Ltd, Coromandel International Ltd are among the other stocks to see a surge in volumes on BSE today, 19 October 2026.
Capri Global Capital Ltd recorded volume of 9.33 lakh shares by 10:45 IST on BSE, a 7.2 times surge over two-week average daily volume of 1.30 lakh shares. The stock gained 3.38% to Rs.255.75. Volumes stood at 28706 shares in the last session.
Coal India Ltd notched up volume of 10.45 lakh shares by 10:45 IST on BSE, a 4.94 fold spurt over two-week average daily volume of 2.11 lakh shares. The stock slipped 0.12% to Rs.416.40. Volumes stood at 2.37 lakh shares in the last session.
Punjab National Bank witnessed volume of 27.38 lakh shares by 10:45 IST on BSE, a 4.2 times surge over two-week average daily volume of 6.51 lakh shares. The stock increased 5.43% to Rs.122.40. Volumes stood at 7.04 lakh shares in the last session.
Bharti Airtel Ltd recorded volume of 39.31 lakh shares by 10:45 IST on BSE, a 3.47 times surge over two-week average daily volume of 11.33 lakh shares. The stock lost 0.43% to Rs.1,896.80. Volumes stood at 34.34 lakh shares in the last session.
Coromandel International Ltd saw volume of 1.02 lakh shares by 10:45 IST on BSE, a 3.46 fold spurt over two-week average daily volume of 29363 shares. The stock dropped 0.85% to Rs.1,745.20. Volumes stood at 3364 shares in the last session.
Market participants tracked movements in the rupee and crude oil prices, along with quarterly earnings announcements released over the weekend. Mixed global cues, sustained foreign institutional selling and ongoing geopolitical uncertainties added to the cautious undertone. Investors also remained focused on the September-quarter earnings season for fresh cues on corporate performance and the broader market outlook.
PSU Bank shares declined after advancing in the past trading session.
At 11:25 IST, the barometer index, the S&P BSE Sensex declined 494.21 points or 0.68% to 71,977.60. The Nifty 50 index dropped 121.45 points or 0.55% to 22,396.
The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.29% and the BSE 250 SmallCap Index jumped 0.99%.
The market breadth was positive. On the BSE, 2,301 shares rose and 1,797 shares fell. A total of 303 shares were unchanged.
Economy:
The Reserve Bank of India (RBI) has announced a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies – Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL). According to an RBI press release, the central bank will sell US dollars to the three companies through designated banks to meet their foreign exchange requirements. The facility will come into effect tomorrow and remain operational until further notice. The RBI said, the decision was taken following an assessment of prevailing market conditions and is aimed at facilitating the foreign exchange requirements of the three state-owned oil marketing companies.
The Reserve Bank of India (RBI) has raised the minimum daily Cash Reserve Ratio (CRR) maintenance requirement for scheduled banks to 99% from 90%, effective from the reporting fortnight beginning October 16, 2026. Under the existing framework, banks are required to maintain at least 90% of the prescribed CRR on a daily basis, provided their average daily balance over the reporting fortnight meets the CRR requirement stipulated by the RBI.
The Nifty PSU Bank index declined 1.39% to 8,031. The index climbed 1.63% in the past trading sessions.
State Bank of India (down 1.64%), Punjab National Bank (down 1.32%), Union Bank of India (down 1.23%), Canara Bank (down 0.78%), Bank of India (down 0.75%), Indian Bank (down 0.74%), Bank of Baroda (down 0.68%), Indian Overseas Bank (down 0.46%), Punjab & Sind Bank (down 0.33%) and UCO Bank (down 0.13%) declined.
US stock futures pointed to a positive opening on Monday, with Dow futures rising 190 points. However, investors remained cautious ahead of key US inflation data and the start of the September-quarter earnings season.
Asian indices traded mixed on Monday amid geopolitical uncertainty and caution ahead of corporate earnings. Japan's cash equity market remained closed for Sports Day.
US stocks ended higher on Friday, with all three major indices advancing and posting weekly gains. The Dow Jones Industrial Average rose 423.31 points, or 0.83%, to 51,654.95. The S&P 500 gained 46.18 points, or 0.59%, to 7,811.54, while the Nasdaq Composite advanced 172.83 points, or 0.64%, to 27,366.17.