The Indian equity benchmarks were on track to close higher for a fifth session in a row on Monday on hopes of a bilateral trade agreement with United States after US Vice President JD Vance landed in India for talks to unlock economic opportunities and negotiate a bilateral trade deal. Vance will meet Prime Minister Narendra Modi in New Delhi for talks on the economy, trade and geopolitical ties. Vance's visit is seen as an important diplomatic mission by President Donald Trump's administration, and it coincides with a rapidly intensifying trade war between Washington and Beijing, which is New Delhi's main rival in the region.
The SENSEX rose as much as 1,067 points to hit an intraday high of 79,621 and NIFTY50 index touched an intraday high of 24,189. As of 12:15 pm, the SENSEX was up 912 points at 79,465.68 and NIFTY50 index advanced 293 points to 24,144.
Here is a list of stocks that are buzzing in today's trade:
HDFC Bank: Shares of the country's largest private sector lender bank rose as much as 2.27 per cent to hit record high of ₹1,950 on the BSE after it reported March quarter earnings on Saturday that surpassed analyst estimates. On the National Stock Exchange, HDFC Bank shares rose as much as 2.31% to hit an intraday high of ₹1,950.70. The up move in profit came on the back of lower provisioning for bad loans.
Provisions of the lender plunged by as much as 76.4% in Q4 FY25 to ₹3,193 crore, down from ₹13,511 crore in the March quarter of FY24.
HDFC Bank on Saturday reported that its net profit in January-March period rose 6.6% to ₹17,616 crore from ₹16,512 crore in the same period last year. Analysts on an average were expecting the bank to report net profit of ₹17,000 crore.
ICICI Bank: The country's second largest private lender reported stronger than anticipated profit growth in the fourth quarter of financial year 2025. The country's second largest bank reported a net profit of ₹12,630 crore in the quarter ended March 2025, marking an increase of 18% from ₹10,707.53 crore in the same period last year.
ICICI Bank's net interest income, or the difference between interest earned and interest expended, rose 11% in the January-March period to ₹21,192.94 as against ₹19,092.80 crore in the year-ago period.
YES Bank: Shares of the country's leading private lender rose as much as 7.07% to hit an intraday high of ₹19.37 on the BSE after it reported net profit of ₹738 crore in the quarter ended March 2025, marking an increase of 63% from ₹452 crore in the same period last year. The sharp jump in net profit came on the back of lower provisioning. The bank's provisions for bad loans declined to ₹318 crore as against ₹471 crore in the year-ago period.
YES Bank's net interest income, or the difference between interest earned on loans and expended on deposits, came in at ₹2,276.36 crore, up nearly 6% from ₹2,153 crore in the corresponding period last year.
Gensol Engineering: Shares of Gensol Engineering were locked in 5 per cent lower circuit limit on Monday for a ninth session in a row amid the ongoing crisis at the firm. Sebi, through its interim order on Tuesday last week, barred brothers Anmol Singh Jaggi and Puneet Singh Jaggi from accessing the securities markets until further notice.
Just Dial: Shares of the local search engine rose as much as 12.95% to hit an intraday high of ₹1,039.85 after its net profit rose 61% in financial year 2025 to ₹584.2 crore. For the January-March quarter of FY25, Just Dial logged a profit of ₹157.6 crore. Revenue for FY25 was ₹1,141.9 crore, reflecting a 9.5 per cent growth over FY24.
Infosys: Shares of the country's second largest information technology company rose as much as 3.57% after the company's March quarter net profit rose 3.3 per cent sequentially.
International Gemmological Institute: Shares of the gemstone certification provider rose as much as 5% to hit an intraday high of ₹370.85 after its net profit rose 11.6% to ₹141 crore in fourth quarter of financial year 2024-25. Revenue from operations surged 9.6% to ₹304.7 crore in the quarter under review, as compared to ₹278 crore a year back.
Tata Elxsi: Shares of the leading design and technology services provider rose as much as 8.84% to hit an intraday high of ₹5,333.30 after its revenue in rupee terms came in at ₹908.3 crore, up 0.3% YoY, but down 3.3% QoQ. In constant currency terms, the company's revenue saw a decline of 2.9% YoY and 5.3% QoQ.