Key barometers came off day's low and traded with small gains in mid-afternoon trade. At 12:22 IST, the barometer index, the S&P BSE Sensex, was up 40.91 points or 0.11% at 38,547. The Nifty 50 index was up 20.90 points or 0.18% at 11,449.20.
The S&P BSE Mid-Cap index was down 0.2%. The S&P BSE Small-Cap index was up 0.28%.
The market breadth was negative. On the BSE, 1098 shares rose and 1247 shares fell. A total of 212 shares were unchanged. In Nifty 50 index, the market breadth was even with 25 stocks advancing and 25 stocks declining.
Federal Bank fell 2.96% to Rs 82 after the bank announced its Q2 results during market hours today, 16 October 2019. Federal Bank's net profit rose 56.63% to Rs 416.7 crore on a 19.02% increase in total income to Rs 3675.17 crore in Q2 September 2019 over Q2 September 2018. The bank's gross non-performing assets (NPAs) stood at Rs 3612.11 crore as on 30 September 2019 as against Rs 3394.69 crore as on 30 June 2019 and Rs 3184.53 crore as on 30 September 2018. The ratio of gross NPAs to net advances stood at 3.07% as on 30 September 2019 as against 2.99% as on 30 June 2019 and 3.11% as on 30 September 2018.
Shares of publishing house, DB Corp jumped 4.57% to Rs 153.2 after the company announced Q2 2019 earnings during market hours today. On consolidated basis, the company's consolidated net profit soared 63.61% to Rs 75.57 crore on a 9.17% decline in net sales to Rs 533.56 crore in Q2 September 2019 compared with Q2 September 2018. Total income fell 9.17% to Rs 533.56 crore in Q2 September 2019 over Q2 September 2018. The company's Advertising Revenue stood at Rs. 367 crore in Q2 September 2019 as against Rs. 413.2 crore in Q2 2018. The board has also declared an interim dividend of Rs 6.5 per equity share.
Aditya Birla Money jumped 8.03% to Rs 37 after the company announced Q2 earnings during market hours today. The company reported a 23.15% rise in net profit to Rs 2.90 crore in Q2 September 2019 as against Q2 September 2018. The total income decreased 8.63% to Rs 40.27 crore in Q2 September 2019 over Q2 2018.
Meanwhile, the yield on 10-year benchmark federal paper fell to 6.651% at 14:18 IST compared with 6.660% in the previous trading session.
In the foreign exchange market, the partially convertible rupee edged marginally lower and was hovering at 71.565, compared with its close of 71.545, during the previous trading session.
In the commodities market, Brent crude for December 2019 settlement was down 21 cents at $58.53 a barrel. The contract fell 1.03% to settle at $58.74 a barrel during the previous trading session.
MCX Gold futures for 5 December 2019 settlement edged 0.2% higher at Rs 38,111.
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