Sensex Today Trades Higher; Bharat Elec & HDFC Bank Top Gainers

Asian markets traded mixed on Monday, amid gains in technology stocks.

US stock futures started the week with gains on hopes for an upbeat earnings season and easing oil prices.

Here's a table showing how US stocks performed on Friday:

Source: Equitymaster

At present, the BSE Sensex is trading 384 points higher, and the NSE Nifty is trading 106 points higher.

Bharat Elec, HDFC Bank, Axis Bank among the top gainers today.

Kotak Mahindra, TCS, ITC, on the other hand, are among the top losers today.

The BSE 150 Midcap index is trading 0.2% higher, and the BSE 250 SmallCap index is trading 0.1% higher.

Sectoral indices are trading mixed today, with stocks in the metal sector and banking sector witnessing buying. Meanwhile, stocks in the oil & gas sector and IT sector witnessed selling pressure.

The rupee is trading at Rs 95.2 against the US dollar.

Yes Bank Q1 FY27 Business Update

Yes Bank's shares are in focus on Monday, 6 July, after the private sector lender reported strong growth in its business update for the April-June quarter (Q1 FY27).

Loans and advances increased 18.4% year-on-year (YoY) to Rs 2,850 billion (bn), compared with Rs 2,410 bn in the corresponding quarter last year. On a sequential basis, advances rose 4.0% from Rs 2,730 bn reported in Q4 FY26.

Total deposits grew 14.1% YoY to Rs 3,150 bn, up from Rs 2,760 bn a year ago. However, deposits declined 1.3% quarter-on-quarter (QoQ) from Rs 3,190 bn in Q4 FY26.

Current Account Savings Account (CASA) deposits stood at Rs 1,030 bn, registering a 14.3% YoY increase but a 7.8% QoQ decline from Rs 1,120 bn. The CASA ratio, including certificates of deposit (CDs), was 32.7%, compared with 35.1% in the previous quarter and 32.8% in the same quarter last year.

The bank's credit-to-deposit ratio improved to 90.5% as of June 30, 2026, compared with 85.7% at the end of March and 87.4% a year earlier.

Meanwhile, the average quarterly Liquidity Coverage Ratio (LCR) on a consolidated basis strengthened to 138.5%, up from 119.0% in the previous quarter and 135.8% in the corresponding quarter last year.

HUDCO to Fund Bihar Infrastructure Push

State-owned Housing and Urban Development Corporation (HUDCO) has signed a memorandum of understanding (MoU) with the Bihar government to provide term loans of up to Rs 1 trillion over the next five years for urban infrastructure projects.

The funding will support the development of urban infrastructure, including land acquisition, with a focus on building greenfield satellite cities across Bihar.

Under the agreement, loans will be provided to statutory authorities nominated by the Bihar government for specific projects. The financing will offer flexible terms, including a moratorium period, repayment tenure of up to 25 years, and the option of prepayment.

Loan repayments will be made using revenue generated from the projects. They may also be backed by dedicated revenue streams or allocations from the state budget.

The MoU will remain valid for three years and will be reviewed annually. Separate agreements outlining project details and commercial terms will be signed for individual projects based on mutually agreed conditions.

HDFC Bank Q1 FY27 Business Update

HDFC Bank shares are likely to be in focus on Monday, July 6, after the country's largest private sector lender reported strong business growth for the April-June quarter (Q1 FY27).

Gross advances increased 15.4% year-on-year (YoY) to Rs 30,610 bn, compared with Rs 26,530 bn in the corresponding quarter last year.

Advances under management stood at Rs 31,270 bn as of June 30, 2026, reflecting a 12.4% YoY increase from Rs 27,820 bn a year ago.

Total deposits rose 14.7% YoY to Rs 31,710 bn at the end of Q1 FY27, up from Rs 27,640 bn in the same period last year.

The bank's quarter-end Current Account Savings Account (CASA) deposits stood at Rs 10,260 bn, registering a 9.4% YoY growth from Rs 9,370 bn as of 30 June 2025.