Friday 19 January 2018

Market Live: Nifty Midcap Outperforms Sensex; PSU Bank Index Jumps 2%

Posted by suhani varma on Friday, January 19, 2018 with No comments



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Reliance Industries, HDFC, Adani Ports, ITC, SBI and L&T were leading contributors to Sensex' gains. The selling in Infosys, ICICI Bank and HDFC Bank capped gains.Private sector lender Kotak Mahindra Bank's third quarter (October-December) standalone profit is seen rising 21 percent to Rs 1,064.2 crore, compared to Rs 879.8 crore in year-ago.

The Street is anticipating highest NII growth rate in last few quarters. Net interest income is expected to increase 19.4 percent to Rs 2,448.2 crore for quarter ended December 2017, compared to Rs 2,050.3 crore in same quarter last year, according to average of estimates of analysts polled by CNBC-TV18.

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