Asian markets traded higher on Monday amid optimism on earnings as the reporting season gets into full swing.

US stock market ended higher, and Treasury yields rebounded on Friday after President Donald Trump said his face-to-face trade talks with Chinese President Xi Jinping were still on.

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

Source: Equitymaster

At present, the BSE Sensex is trading 522 points higher, and the NSE Nifty is trading 164 points higher.

Reliance, HDFC Bank, and Axis Bank are among the top gainers today.

ICICI Bank, UltraTech Cement, and Trent, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.4% higher, and the BSE Smallcap index is trading 0.2% higher.

Barring the consumer durable sector and commodities sector, all other sectoral indices are positive today, with stocks in the energy sector and media sector witnessing buying.

The rupee is trading at Rs 88.6 against the US dollar.
 

HDFC Bank Q2 Results

Shares of HDFC Bank came into focus after the company reported its Q2 FY26 results.

During the fiscal second quarter that ended in September 2025, the lender's Net Interest Income (NII), which is the difference between interest earned and interest paid, increased 4.8% year over year to Rs 315.5 billion (bn) from Rs 301.1 bn.

Pre-provisions operating profit (PPOP) rose 18.5% year-over-year to Rs 279.2 bn from Rs274.1 bn crore in Q2FY26.

Over the course of the quarter, the private sector lender's asset quality improved sequentially. Net NPA fell 6.75% QoQ to Rs 114.4 bn, while gross NPA fell 7.42% QoQ to Rs 342.8 bn.

Net NPA ratio fell 5 bps QoQ to 0.42%, and gross NPA ratio fell 16 bps QoQ to 1.24%.

HDFC Bank reported a standalone net profit of Rs 186.2 bn during the second quarter of FY26, registering a growth of 10.8% from Rs 168.2 bn in the year-ago period.
 

UltraTech Cement Q2 Results

Shares of UltraTech Cement came into focus after the company reported its Q2 FY26 results.

UltraTech's operating revenue increased 20.3% year over year to Rs 196.1 bn. Grey cement volumes increased 7.1% year over year during the quarter, while realisations increased 4.5% year over year.

With effect from 22 September 2025, the business switched to GST 2.0, allowing customers to fully benefit from the lower tax rate. During the quarter, the average price of cement in India increased by approximately 5% year over year to Rs 350-365 per bag.

While grey cement power costs decreased by 8% and fuel and logistics costs decreased by 6%, overall expenses rose 15.9% year over year to Rs 181.2 bn.

EBITDA per tonne increased by Rs 242 year over year to Rs 966.

Premium goods kept gaining popularity, making up 37.4% of total sales, a 14% year-over-year increase.

UltraTech Cement reported a strong 75.2% year-over-year (Y-o-Y) increase in consolidated net profit, reaching Rs 12.3 bn.

Improved realisations, reduced input costs, and increased cement sales volumes were the main drivers of the growth.
 

IndusInd Bank Q2 Results

Shares of IndusInd Bank came into focus after the company reported its Q2 FY26 results.

IndusInd Bank's total interest income dropped 8.4% to Rs 116.1 bn from Rs 126.8 bn in the same period the year before.

The bank's net interest income (NII) decreased 17.5% from Rs 53.4 bn to Rs 44.1 bn in the second quarter of the fiscal year that ended in 2025-2026.

According to the bank, IndusInd Bank's gross non-performing assets (NPAs) for the second quarter of the 2026 fiscal year were 3.6%, down from 2.11% in the same quarter of the prior fiscal year.

Deposits as of 30 September 2025, were Rs 3,869 bn compared to Rs 4,123 bn on the same date in 2024.

With current account deposits of Rs 319.2 bn and savings account deposits of Rs 878.5 bn, CASA deposits total Rs 1,197 bn. As of 30 September 2025, 31% of all deposits were CASA deposits.

The bank reported a standalone net loss of Rs 4.4 bn in the second quarter of the 2026 fiscal year, down from Rs 13.3 bn net profit in the same quarter the previous year.

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