Mahi Shrivastava, Bhopal: Indian equity markets entered Wednesday’s session with strong momentum after benchmark indices extended their winning run for a fourth straight day. The Nifty 50 rose 370 points, or 1.58 per cent, to close at 23,811, while the Sensex gained 1,226 points to finish at 76,918.
Strong quarterly results from major companies, including the National Stock Exchange (NSE), State Bank of India (SBI) and Multi Commodity Exchange of India (MCX), kept investor attention firmly on the market.
SBI Posts Strong Quarter
Country’s largest lender State Bank of India reported a standalone net profit of ₹23,038 crore for the July-September quarter, up 14.28 per cent from ₹20,160 crore in the same period last year.
The bank’s net interest income rose nearly 15 per cent year-on-year to ₹49,143 crore, supported by healthy loan growth. Its gross non-performing asset ratio also improved to 1.39 per cent from 1.73 per cent a year earlier, reflecting better asset quality.
NSE Shares Gain After Results
NSE reported a consolidated net profit of ₹2,578 crore for the second quarter of FY27, an increase of 23 per cent from ₹2,098 crore in the year-ago period. This was the exchange’s first quarterly result after its stock-market debut in September.
Revenue from transaction charges grew 9 per cent to ₹3,035 crore, driven by higher activity in the cash and equity-options segments. NSE shares moved higher after the results, with brokerages maintaining a positive view.
MCX Profit Jumps Sharply
Multi Commodity Exchange of India reported a 130 per cent year-on-year jump in consolidated net profit to ₹454.57 crore. Its revenue from operations surged 114 per cent to ₹799.66 crore during the quarter.
However, MCX shares fell around 7 per cent in early trade despite the strong earnings, showing that investors were booking profits after the sharp rise in results.
Other Stocks in Focus
Happiest Minds Technologies reported a 15.12 per cent rise in consolidated net profit to ₹62.19 crore, while revenue increased 12.5 per cent to ₹645.43 crore.
The Indian Energy Exchange reported a 16.5 per cent year-on-year rise in electricity traded volume to 13.1 billion units in October. Auto-component maker Minda Corporation also posted a 68.2 per cent increase in consolidated net profit to ₹143 crore.
Market Outlook
Analysts said the broad-based rally and strong earnings indicate improving investor confidence. Stocks such as NSE, BSE, SBI, Happiest Minds, MCX, IEX and Minda Corporation are likely to remain in focus as investors track earnings, corporate announcements and broader market trends.