NSE, SBI and MCX report strong Q2 results as markets rally
Indian equities recorded a fourth consecutive session of gains as several major companies reported significant quarterly profit growth.
Indian benchmark indices rose for a fourth straight session on Tuesday, with the Nifty 50 climbing 370 points, or 1.58 per cent, to close at 23,811, according to the Economic Times.
The National Stock Exchange of India (NSE) reported its first quarterly results since its September 2026 debut, with consolidated profit after tax rising 23 per cent year-on-year to Rs 2,578 crore in Q2FY27. Transaction charge revenue grew 9 per cent to Rs 3,035 crore during the same period.
State Bank of India (SBI) recorded a 14 per cent increase in standalone net profit to Rs 23,038 crore for Q2FY27, up from Rs 20,160 crore in the previous year. Net interest income for the lender rose 15 per cent to Rs 49,143 crore.
Multi Commodity Exchange of India (MCX) saw its consolidated net profit jump 130 per cent year-on-year to Rs 454.57 crore. Revenue from operations for the exchange surged 114 per cent to Rs 799.66 crore.
Other corporate updates included Happiest Minds Technologies, which reported a 15.12 per cent rise in consolidated net profit to Rs 62.19 crore. Conversely, Chambal Fertilisers and Chemicals saw net profit decline 2.6 per cent to Rs 632 crore, while V-Mart Retail reported a widening net loss of Rs 16 crore.
Indian Energy Exchange (IEX) reported that electricity traded volume rose 16.5 per cent year-on-year to 13.1 billion units in October, according to the Economic Times.