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

Indian equity market indices, Sensex and Nifty, edged higher on the back of strong Q1 earnings from heavyweights like HDFC Bank and ICICI Bank.

At the closing bell, the BSE Sensex  closed higher by 443 points (up 0.5%)

Meanwhile, the NSE Nifty closed 122 points higher (up 0.5%)

ICICI Bank, HDFC Bank, M&M among the top gainers today

Reliance Industries, HUL Tech, and TCS, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,130, higher by 97 points at the time of writing.

The BSE MidCap index ended 0.5% higher, and the BSE SmallCap index ended 0.01% lower.

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

The rupee is trading at Rs 86.2 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% higher at Rs 98,583 per 10 grams.

Meanwhile, silver prices were trading 0.9% higher at Rs 1,14,032 per 1 kg.
 

Mastek Shares Surge on Strong Q1 Results

In the news from IT sector, shares of Mastek rose 13% after the company reported strong Q1 earnings driven by healthy profit revenue growth, despite some sequential softness in constant currency revenues.

Revenue increased 12.5% year over year to Rs 9.1 billion (bn) from Rs 8.1 bn in Q1FY25, highlighting robust business momentum in key markets.

The company's operating margin stayed steady at 15.1% from 15.2% the previous year, while its EBITDA increased 10.8% to Rs 1.3 bn. This demonstrates how well the business handled expenses associated with expansion.

In Q1FY26, Mastek reported a consolidated net profit of Rs 0.9 bn, a significant 28.7% increase over the Rs 0.7 bn recorded in the same quarter the previous year.

Mastek saw a 9.6% sequential growth in its UK market, which accounts for 64% of its total revenue. The company demonstrated resilience by increasing its deal wins by 2.5% quarterly and 8.3% on an annual basis.

Additionally, Mastek had Rs 5.5 bn in cash at the end of the quarter, demonstrating a solid liquidity position for future expansion.
 

UCO Bank's Q1 Results Show Improvement

Moving on to the news from banking sector, state-run UCO Bank on Monday released its June quarter results. The bank's net profit for the quarter was Rs 6.1 bn, which represents a 10% increase over the same period last year.

For the quarter, the lender's core income, or Net Interest Income (NII), increased by 7% over the previous year to Rs 24.03 bn.

The quarter's gross non-performing asset (NPA) was 2.63%, down from 2.69% in the March quarter. The quarter's net non-performing asset (NPA) was 0.45%, down from 0.50% in the March quarter.

Sequentially, the June quarter's provisions dropped. Provisions decreased from Rs 6.6 bn in March to Rs 6.2 bn at the end of the quarter.

UCO Bank is growing steadily in loans and deposits, which is key for long-term profit and market share.
 

India Cement Reports Q1 Loss

Moving on to the news from cement sector, shares of India Cement dropped after the company reported a loss in its Q1 FY26 results.

Revenue for the first quarter was Rs 10.3 bn, which was nearly unchanged from Rs 10.4 bn in the previous year. The company's total income for the full year was Rs 43.6 bn.

India Cements reported a net loss of Rs 1.3 bn in Q1 compared to a profit of Rs 0.6 bn in the same quarter last year. The company slipped into the red due to various challenges.

The company made the decision to sell its stake in Industrial Chemicals and Monomers Ltd. during the June quarter. As part of its portfolio review, it sold all its equity in the subsidiary.

It intends to carry out a capital expenditure program over the course of the following two years. Reducing production costs, increasing energy efficiency, and expanding the use of renewable power across its facilities will be the main priorities.

As part of this investment cycle, safety improvements are also possible. Over time, management anticipates that these adjustments will strengthen its production base and lower operating costs.

Due to increased distribution, scale advantages, and operational changes, the company anticipates a recovery in margins.

Additionally, it is optimistic about demand, which should fuel growth due to rising government spending on infrastructure and stable housing demand.

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