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Indian stocks are up firmly in positive territory Monday morning, led by gains in Reliance Industries, and several stocks from the financial sector. <\/p>\n
Positive cues from Wall Street and Asian markets<\/span> amid easing U.S.-China trade tensions, and some upbeat earnings announcements from big name banks are contributing to the firm undertone in the market.<\/p>\n Worries about India-US trade relations have eased a bit with both the nations agreeing to conclude the first phase of the deal by next month.<\/p>\n Trade tensions between the U.S. and China have eased after U.S. President Donald Trump said the high tariffs he has threatened on Chinese imports are “probably not [sustainable]” but argued “they forced me to do that.”<\/p>\n Trump also confirmed he would meet with Chinese President Xi Jinping at a summit in South Korea later this month after previously casting doubt on whether the planned meeting would be worthwhile.<\/p>\n The BSE benchmark Sensex, which climbed to 84,656.56 in early trades, was up 574.39 points or 0.68% at84,526.58 a little while ago. The broader Nifty50 index of the National Stock Exchange was up 174.25 points or nearly 0.7% at 25,884.10.<\/p>\n Reliance Industries is up 3.3%. The company reported consolidated net profit of Rs 18,165 crore in the second-quarter, up 10% compared to Rs 16,563 crore in the year ago period.<\/p>\n ICICI Bank is down more than 2%. ICICI Bank reported a 5.2% increase in profit after tax in the second quarter, compared to the year-ago quarter. Net interest income surged 7.4% in the second-quarter, compared to a year earlier.<\/p>\n HDFC Bank posted a net profit of Rs 18,641.28 crore in the second-quarter, up 10.8% from a year ago. Net Interest Income increased 4.8% in the latest quarter, compared to the corresponding quarter last year. The stock is gaining about 0.4%.<\/p>\n IndusInd Bank is rising nearly 2% despite reporting a net loss of Rs 437 crore in the second quarter of FY26, reversing from a net profit of Rs 1,331 crore in the corresponding quarter of FY25. <\/p>\n Yes Bank is gaining 3%. The bank said that its net profit climbed 18% in the second quarter, compared to the year-ago quarter.<\/p>\n IDFC First Bank is up nearly 8% after reporting a 75% jump in standalone net profit in the second-quarter, compared to a year ago. However, the bank’s net interest income tumbled by 40% YoY at Rs 5,112.57 crore.<\/p>\n Axis Bank, Bandhan Bank, IDFC First, Federal Bank and RBL Bank are up with strong gains.<\/p>\n Among PSU bank stocks, Bank of India, Maharashtra Bank, IOB, Central Bank, UCO Bank, PSB, Indian Bank and Union Bank of India are up 3 to 5%. PNB, Canara Bank and Bank of Baroda are gaining 1.5 to 2%, while heavyweight State Bank of India is advancing by 1.3%.<\/p>\n UltraTech Cement reported a whopping 75.2% jump in second-quarter earnings. Despite the sharp jump in earnings, the stock is down by about 0.5%.<\/p>\n Bajaj Finserv, Bharti Airtel, Bajaj Finance, Infosys, TCS, Larsen & Toubro, Tata Motors and Sun Pharmaceuticals Industries are up with sharp to moderate gains.<\/p>\n The market breadth is slightly positive. On BSE, 2,055 stocks are up in positive territory. 1,717 stocks are weak, while 228 stocks little changed from previous closing levels. <\/p>\n<\/p>\n<\/div>\n