Net NPAs surged to 3.12 percent against 2.3 percent in the previous quarter.
Banks were lower today but telecom stocks continued to rally. Bharti Airtel continued its run, up 2.8 percent. Bharti Infratel was up 1.6 percent and Idea Cellular rallied 8 percent.
Top data points to help you spot profitable trade on Tuesday.
Nifty Auto, Metal, pharma and Realty indices gained 1-2 percent while Nifty Bank ended flat and PSU Bank was down 0.2 percent.
Stocks which rose in the S&P BSE Smallcap index include names like Indiabulls Ventures which rose 942 percent, followed by HEG which gained 666 percent, Graphite India (up 484 percent), and Avanti Feeds which soared 365 percent.
Almost 61 percent of the poll respondents feel that investors should book profits or sell 50 percent of their holding in the small and midcap space.
RIL and IndusInd Bank, among others, are being tracked by investors on Monday.
The index which now trades above its crucial short-term moving averages is all set to claim new highs towards 10,200-10,400 in the upcoming sessions. Traders should remain long with a stop below 9977 levels.
The rally is on the backdrop of favourable macroeconomic data and strong global cues and ease in geopolitical tensions; however, strength in crude does pose a concern for Indian macros
Adani Transmission, Bata India, DCM Shriram, Avenue Supermarts, Gillette India, Edelweiss, among others, were included in this list.
Expects Q2 Nifty earnings to improve to 14 percent after 11 percent fall last year.
If the strength continues, Nifty should be able to hit fresh record highs ahead of Diwali. The Supertrend indicator too gave a buy signal on the charts which is a bullish sign for investors.
The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.
India VIX moved up by 5.58 percent at 11.73. The market witnessed a sudden spike in volatility as index broke above its higher lows after the seven trading sessions
The exchange said that the trade would begin at 6:30 pm, which will be preceded by a pre-opening session at 6:15 pm and the trade would last for one hour.
According to Desai, compounded Nifty earnings will be around 20 percent in the next 5 years.
This Jhunjhunwala-owned stock has been on investors’ radar throughout the year 2017. The stock rose 193 percent in the same period.
In the Nifty50 Index, the top gainers were GAIL India which was up 2.33 percent followed buy Bharti Infratel which added 1.79 percent while Sterlite Technologies was the top gainer in the BSE which zoomed 8.92 percent.
Shah believes that short term patterns are not encouraging and a move to 10100 on the Nifty could mean the end of recovery.
Coal India, Axis Bank and pharmaceuticals, among others, are being tracked by investors on Wednesday.
Index holds gains, courtesy Reliance, HDFC Bank and Infosys, while FMCG stocks were a drag on the Street.
Global brokerage house, Nomura, upgraded its rating to neutral from reduce and increased the target to Rs 990 from Rs 945.
Manish Gunwani sees good earnings, both domestic and global in FY19 and sectors such as telecom and pharma could see year on year growth.
The Sensex closed up 32.67 points at 31846.89, while the Nifty ended higher by 8.00 points at 9987.70.
Investors are advised to continue with their long positions with a strict stop loss placed below 9900 levels. Given the fact we are trading near key resistance levels, some amount of profit booking cannot be ruled out.