Domestic equity markets today opened higher on the back of strong set of quarterly results by banks and Reliance Industries Ltd declared over the weekend. Positive global cues from the US as well as the Asian markets, too, contributed to the strong opening of the domestic bourses.

Sensex was up 489 points to trade at 84,441 levels today while Nifty gained 143 points to trade at 25,853 levels after touching 25,903 levels in the opening trade. Bank Nifty up 272 points at 57,985, Nifty IT zoomed 359 points.  

Reliance Industries (RIL) shares rallied 2.9% in early trade on Monday as the company reported a 10% YoY growth in consolidated profit after tax (PAT). RIL PAT rose to Rs 18,165 crore in Q2 FY26, against Rs 16,563 crore in the same quarter last year.

HDFC bank traded flat even as the country’s largest private sector bank reported 10.8% increase in standalone net profit to ₹18,641 crore. 

Federal Bank gained 6% to trade at Rs 225.07 levels. Federal bank reported a strong quarter with record-high net interest income (NII) and fee income, as well as consistent growth across core banking metrics. The private lender’s net profit rose 10.85% sequentially to ₹955.26 crore, driven by higher operating income and improved efficiency. Operating profit stood at ₹1,644.17 crore, registering a 5.65% growth quarter-on-quarter.

ICICI bank, however, remained among the losers and dipped 2.28% to trade at Rs 1404 on the back of the quarterly results declared on Saturday.   The bank’s standalone net profit rose 5.2% year-on-year (YoY) to ₹12,359 crore. On a consolidated basis, net profit increased 3.2% YoY to ₹13,357 crore.

Core operating profit grew 6.5% YoY to ₹17,078 crore, while net interest income (NII) increased 7.4% YoY to ₹21,529 crore, with a net interest margin of 4.30%, the bank said in its earnings report.