After opening the day higher, the benchmark indices continued their upward momentum, ended the session in green.

Indian equity market indices Sensex and Nifty extended gains for the fourth consecutive session on Monday, led by banks, I,T and Oil and gas shares.

According to the circular on the exchanges, the Muhurat trading is slated to take place on Tuesday, October 21. On this day, the Indian stock market will remain closed except for the one-hour trading session.

According to the circular, a 15-minute pre-open session will occur from 1.30 pm to 1.45 pm, while the normal trading will begin from 1.45 pm to 2.45 pm.

At the closing bell, the BSE Sensex closed higher by 411 points (up 0.5%).

Meanwhile, the NSE Nifty closed 133 points higher (up 0.5%).

Reliance Industries, Bajaj Finserv, and TCS are among the top gainers today.

ICICI Bank, M&M, and Eternal, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,923, higher by 167 points at the time of writing.

The BSE MidCap index ended 0.7% higher, and the  BSE SmallCap index ended 0.6% higher.

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

The rupee is trading at Rs 88.7 against the US$.

Gold prices for the latest contract on MCX are trading 0.6% higher at Rs 127,780 per 10 grams.

Meanwhile, silver prices were trading 1.3% lower at Rs 154,617 per 1 kg.
 

ICICI Bank Q2 Results

In the news from banking sector, shares of ICICI Bank came into focus after the company reported its Q2 FY26 results.

In Q2 of FY26, total income climbed 3.39% year over year (YoY) to Rs 493.3 billion (bn).

The bank's profit before tax (PBT) was Rs 163.8 bn, representing a 5.76% YoY increase.

Net interest income (NII) climbed 7.4% year over year to Rs 21,529 crore. In Q2 FY26, the net interest margin (NIM) was 4.30%, while in Q2 FY25, it was 4.27%.

In comparison to the Rs 12.3 bn recorded during the same period last year, the bank's provisions decreased by 25.87% to Rs 9.1 bn in Q2 FY26.

As of September 30, 2025, total period-end deposits had increased by 7.7% year over year to Rs 16,12,825 crore. Total advances had grown by 10.3% year over year to Rs 14,084 bn.

The retail loan portfolio accounted for 52.1% of the total loan portfolio, growing 6.6% annually.

Regarding asset quality, as of September 30, 2025, the bank's gross non-performing assets (NPAs) were valued at Rs 238.4 bn, a 12.06% decrease from Rs 271.2 bn on the same date in 2024.

ICICI Bank's standalone net profit rose 5.21% to Rs 123.6 bn in Q2 FY26 as against Rs 117.5 bn posted in Q2 FY25.
 

Dixon Technologies Q2 Results

Moving on to the news from consumer electronics sectors, shares of Dixon Technologies came into focus after the company reported its Q2 FY26 results.

The revenue from operations of the company (adjusted) grew by 28.7% to Rs 148.5 bn during the reported quarter from Rs 15.3 bn logged in the September 2024 quarter.

The reported amount increased by 33% to Rs 153. bn. This figure, according to the company, is after accounting for the Rs 0.3 bn gain on the transfer of the lighting business venture and the Rs 4.6 b fair value gain on Dixon's stake in Aditya Infotech Ltd.

90% of the company's revenue during the reported quarter came from its mobile device manufacturing division, with the remaining 6% coming from its consumer electronics and appliances division.

The company's Nomination and Remuneration Committee has authorised the issuance of 7,000 stock options in one or more tranches to the company's employees, subsidiaries, and joint venture companies on occasion.

Dixon Technologies' net profit surged 81% to Rs 7.4 bn in Q2 FY26, driven by strong growth in its electronics manufacturing services.
 

Punjab National Bank Q2 Results

Moving on to the news from banking sector, shares of Punjab National Bank came into focus after the company reported its Q2 FY26 results.

In the second quarter of the fiscal year that concluded in 2025-2026, Punjab National Bank's total interest income increased 6.7% to Rs 31.8 bn from Rs 29.8 bn in the same period the year before.

The bank's net interest income was Rs 1034.6 bn, which was essentially unchanged from Rs 105.2 bn the previous year.

According to the exchange filing, PNB's gross non-performing assets (NPAs) for the second quarter of the 2026 fiscal year were 3.45%, down from 4.48% in the same quarter of the prior fiscal year.

In the July-September quarter of FY26, the bank reported a net non-performing asset (NPA) of 0.36%, which was lower than the 0.46% reported in the same quarter of the prior fiscal year.

Punjab National Bank's net profit rose 13.94% to Rs 49 bn in Q2 FY26, up from Rs 43 bn in Q2 FY25.

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