Sensex dives over 1,050 points; ITC, ICICI Bank Low

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Private sector banking space trades weakly.

Stock indexes have extended their intraday losses and are hovering near Thursday’s daily lows in late trades, ahead of the October F&O expiration. The Sensex BSE is trading at 60,090.95, down 1,052 points or 1.72% and the NSE Nifty is at 17,880.60, down 330 points or 1.81%. Broad markets are also trading weakly, with the BSE Midcap index losing 1.48% and the BSE Smallcap index losing 1.51%.

On the equity front, ITC plunged more than 5% to Rs 225.45 to top the list of BSE losers. After market hours on Wednesday, major FMCG reported net profit of Rs 3,697 crore for the September quarter, up from Rs 3,252.62 crore in the corresponding period last year, marking growth by 14% over one year. annual basis. The cigarette segment saw revenue growth of 10.2% to Rs 5,642 crore, compared to Rs 5,121 crore in the corresponding quarter last year.

Titan lost 3.29% to 2,379.05 after its September quarter results. Titan, one of India’s largest fashion accessory brands, reported net profit of Rs 641 crore for the quarter ended September 2021, up from Rs 173 crore in the same quarter last year.

Private sector banking space is trading weakly, with Kotak Bank, ICICI Bank and Axis Bank losing 3.23 percent, 3.29 percent and 2.63 percent respectively on the BSE.

On the other hand, IndusInd Bank gained 4.46 percent to top the list of BSE winners following its September quarter results. The bank’s net profit rose 73 percent to Rs 1,146.73 crore in the second quarter of the current fiscal year, from Rs 663 crore in the same quarter of last year on higher income and lower provisions. Net interest income increased 11.6% to Rs 3,658 crore and net interest margin increased sequentially by one basis point (bps) to 4.07%.

L&T, Maruti Suzuki and UltraTech Cement are the other big winners of the BSE peloton.

And the IRCTC galloped over 19% to an intraday high of Rs 983.60 after going ex-split. IRCTC shares were split in a ratio of 1: 5 i.e. shares were subdivided from face value of Rs 10 per share to Rs 2 per share.


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