After falling 537.11 points to a low of 56,825.09 in morning trade, the 30-share BSE barometer staged a recovery in afternoon trade and climbed 231.29 points or 0.40 per cent to settle at 57,593.49
The demand for housing loans is being driven by first time homeowners as well as by those who are looking to move up the property ladder.
Overall, India's rank is 120 on the world Sustainable Development Goals (SDG) index with Finland topping the tables
Reliance Industries' m-cap swelled by Rs 54,904.27 crore to Rs 16,77,447.33 crore last week.
Given the high standing of the company, the pricing was fine at 7.18 per cent, said bond dealers, adding that initial indication was 7.25-7.30 per cent on the yield.
The company had recently reported a 11 per cent jump in net profit at Rs 3,261 crore, on the back of higher income and lower-than-expected credit loss.
HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.
Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.
Strong demand for home loans and improved collection efficiency augur well
Higher income and lower-than-expected credit loss cited for better show; NII up 7% to Rs 4,284 crore
Business Standard brings you the top headlines on Wednesday
Financial stocks were the show-stoppers today as six of the top 10 Sensex contributors were either banks or NBFCs
Net interest income rose 5% to Rs 4,284 cr
CLSA believes domestic AMCs will have huge growth potential, given the huge underpenetration of MFs in the country
Such banks are perceived as 'too big to fail'
The mortgage lender keeps liquidity buffers worth Rs 55,000 cr
The bank was the second largest bank in the state with a market share of over 10 per cent, it said
The bonds, rated AAA by Crisil and ICRA, carry coupon rate of 7.05% per annum
Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices
The lender's revenue from operations rose 4% YoY to Rs 12,216 crore in the reporting quarter while NII was up 13% to Rs 4,109 crore in Q2