On 4 October 2022, all the sectoral indices on the NSE closed higher. Banks, metals and IT shares surged. The Nifty opened with a wide gap up at 17,147.45. The barometer index, the S&P BSE Sensex, jumped 1,276.66 points or 2.25 per cent to 58,065.47. The Nifty 50 index added 386.95 points or 2.29 per cent to 17,274.30.

IndusInd Bank is up 5.46 per cent, Bajaj Finance up 4.43 per cent, Tata Consultancy Services (TCS) up 3.58 per cent and Bajaj Finserv up 3.37 per cent. In the broader market, the S&P BSE Mid-Cap index rose 2.42 per cent, while the S&P BSE Small-Cap index gained 1.49 per cent. Today, the domestic stock market is shut on account of Dussehra.

The yield on India’s 10-year benchmark federal paper declined to 7.362 compared with 7.468 at the close of the Yesterday trading session. MCX Gold futures for the 5 October 2022 settlement climbed 1.66 per cent to Rs 51,000. The US Dollar index (DXY), which tracks the greenback’s value against a basket of currencies, was down 0.54 per cent to 111.14. The United States 10-year bond yield declined to 3.572 compared with 3.651 at the previous trading session’s close.

In the commodities market, Brent crude for December 2022 settlement gained 87 cents or 0.98 per cent at $89.73 a barrel. In the global market, MCX Gold futures for Today’s settlement climbed 1.66 per cent to Rs 51,000. The US Dollar index (DXY), which tracks the greenback’s value against a basket of currencies, was down 0.54 per cent to 111.14.

M&M Financial Services surged 11.58 per cent. The NBFC said it had recorded an approximately Rs 4,080 crore disbursement in September 2022, delivering a 110 per cent yearly growth.

HDFC Bank rose 2.81 per cent. The bank’s advances aggregated to approximately Rs 14,80,000 crore on 30 September 2022, recording a growth of around 23.5 per cent over Rs 11,98,800 crore in the last year of the same period. The advances grew 6.1 per cent Q1FY23 against Rs 13,95,100 crore as of Q1FY22.

Housing Development Finance Corporation (HDFC) rose 2.96 per cent. The largest mortgage lender in the country said loans assigned in the second quarter of FY23 stood at Rs 9,145 crore, up 28.22 per cent from Rs 7,132 crore in Q2FYT22. 

IDFC First Bank gained 7.90 per cent after the total customer deposits rose 35.9 per cent to Rs 1,14,004 crore in September 2022 as against Rs 83,889 crore as of the month of 30 September 2021. The customer deposits increased 10.8 per cent in the June quarter of FY23 compared with Rs 1,02,868 crore in the June quarter of FY22. As of September 2022, the CASA ratio was 51.34 per cent compared with 50.04 per cent as of 30 June 2022. CASA deposits stood at Rs 63,378 crore in the September quarter of 2022, up 11.7 per cent every quarter and up 37 per cent yearly.

IndusInd Bank jumped 5.46 per cent. The net advances improved to Rs 2,59,647 crore as of 30 September 2022, registering a growth of 18 per cent from Rs 2,20,808 crore as of 30 September 2021. Bank of Maharashtra gained 2.56 per cent. The bank’s deposits stood at Rs 1,95,849 crore in the September quarter of 2022, recording a growth of 15.93 per cent over Rs 1,81,572 crore in the September quarter of 2021. The bank reported a 28.65 per cent growth in gross advances to Rs 1,48,246 crore as of 30 September 2022, against Rs 1,15,236 crore as of 30 September 2021. CASA ratio stood at 56.27 per cent as of 30 September 2022, compared to 53.91 per cent as of 30 September 2021.