India’s BSE Sensex advanced about 0.5% to 78,148 at the open on Monday, extending its winning streak to a fourth straight session. Financial stocks led the gains after strong quarterly business updates from major private lenders, with HDFC Bank and Axis Bank boosting broader market sentiment. Softer crude oil prices further underpinned confidence by improving the outlook for inflation and India’s import bill.
In corporate news, IndusInd Bank reported 3.3% sequential growth in net advances and a 3.8% rise in deposits for the June quarter. On a year-on-year basis, advances slipped 2.3%, while deposits increased 4.5%. Dabur India projected double-digit growth in profit after tax (PAT) for Q1, supported by margin expansion driven by pricing. Godrej Consumer Products indicated that revenue growth would be underpinned by high-single-digit volume expansion.
Among notable gainers were Digitide (up 12.9%), Diamond Power (10%), Shakti (6.7%), Paras (5%), Kirloskar (4.7%), and GE Vernova (3.9%).
