Sensex Today Trades Higher; Kotak Mahindra & Sun Pharma Top Gainers

Asian markets traded mixed on Monday after a volatile week, as investors await monetary policy decisions by key global central banks and a slew of corporate earnings.

Wall Street futures resumed trading on Sunday evening local time with modest gains, following a week of sharp selling pressure.

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

Source: Equitymaster

At present, the BSE Sensex is trading 114 points higher, and NSE Nifty is trading 47 points higher.

Kotak Mahindra, Adani Port, Sun Pharma are the top gainers today.

Asian Paints, Bajaj Finance, Infosys on the other hand is among the top losers today.

The BSE 150 Midcap index is trading 0.1% lower and the BSE 250 SmallCap index is trading 0.3% lower.

Sectoral indices are trading on a mixed note today, with stocks in the PSU Bank and IT sectors witnessing selling pressure, while stocks in the metal and services sectors are seeing buying interest.

The rupee is trading at Rs 94.9 against the US dollar.

Kotak Mahindra Bank Q2 FY27 Results

Shares of Kotak Mahindra Bank came into focus after the company reported its Q2 FY27 results.

Kotak Mahindra Bank reported a 26% year-on-year (YoY) increase in consolidated net profit to Rs 56.45 billion (bn) in Q2FY27, compared with Rs 44.68 bn in Q2FY26. Sequentially, consolidated net profit rose 3% from Rs 54.80 bn in Q1FY27.

On a standalone basis, the bank's net profit increased 29% YoY to Rs 42.12 bn in the September quarter, up from Rs 32.53 bn in the year-ago period. On a quarter-on-quarter (QoQ) basis, standalone net profit grew 2% from Rs 41.23 bn in Q1FY27. The growth was driven by lower provisions and a 16% rise in net interest income (NII), despite a contraction in margins due to the mobilisation of foreign currency non-resident (bank) [FCNR(B)] deposits.

Net interest income rose 16% YoY to Rs 84.59 bn in Q2FY27, compared with Rs 73.11 bn in Q2FY26. Sequentially, NII increased 7% from Rs 79.28 bn in the preceding quarter.

The bank's net interest margin (NIM) moderated to 4.31% from 4.54% a year earlier and 4.53% in Q1FY27. The bank attributed the decline largely to the mobilisation of FCNR(B) deposits during the quarter.

Asset quality improved during the quarter. Slippages declined 24% YoY to Rs 12.30 bn from Rs 16.29 bn in Q2FY26.

Gross non-performing assets (GNPA) stood at 1.04% of advances as of September 30, compared with 1.39% a year earlier. Net NPA declined to 0.24% from 0.32% in Q2FY26. The provision coverage ratio improved to 78% from 77% in the year-ago quarter.

Net advances grew 25% YoY to Rs 5,770 bn in Q2FY27. Excluding loans against FCNR(B) deposits and the loan portfolio acquired from Kotak Mahindra Investments (KMIL), advances growth stood at 19%.

Total deposits increased 23% YoY to Rs 6,510 bn during the July-September quarter. Excluding FCNR(B) deposits, deposit growth stood at 13%.

Bank of India Q2 FY27 Results

Shares of Bank of India came into focus after the company reported its Q2 FY27 results.

Bank of India reported a 25% year-on-year (YoY) increase in global net profit to Rs 32.02 bn in Q2FY27, supported by healthy growth in net interest income (NII). The bank's net profit rose 18.68% YoY during the September quarter.

Global NII increased 19% YoY to Rs 70.07 bn. Global operating profit grew 33% to Rs 50.89 bn, while profit before tax (PBT) rose 27% to Rs 42.91 bn. Non-interest income increased 25% to Rs 27.70 bn, aided by higher foreign exchange income and recoveries from written-off accounts.

Interest expenses rose 14% YoY to Rs 142.22 bn, with interest paid on deposits increasing 18% to Rs 119.34 bn. The global net interest margin (NIM) improved to 2.47% from 2.41% a year earlier, but declined from 2.52% in Q1FY27.

The bank's domestic advances grew 17.84% YoY to Rs 7,040 bn as of September 30, 2026.

Domestic deposits stood at Rs 9,000 bn at the end of September, compared with Rs 7,300 bn a year earlier. Current account and savings account (CASA) deposits increased to Rs 3,070 bn from Rs 2,860 bn. However, the CASA ratio declined to 34.16% from 39.39%. Domestic term deposits rose to Rs 5,920 bn from Rs 4,410 bn.

Asset quality improved during the quarter. Domestic gross non-performing assets (GNPA) declined to Rs 134.80 bn at the end of September from Rs 177.70 bn a year earlier. Global GNPA fell to Rs 136.48 bn from Rs 180.14 bn, while the global GNPA ratio improved to 1.60% from 2.54%.