ICICI Bank, SBI, Adani Ports, L&T, Indiabulls Housing and Axis Bank are among the top gainers on the key indices. Here are the latest updates from the markets

The BSE Sensex and NSE’s Nifty 50 rose nearly 2% on Monday led by gains in healthcare and banking stocks supported by positive September-quarter earnings in the sectors. ICICI Bank shares rose over 10% after the company’s Q2 results, while Axis Bank shares advanced over 5% on its plan to sell its holdings in NSDL. The Nifty PSU Bank Index surged 8%, with SBI rising over 8%. Moreover, signs of recovery in global markets also helped boost sentiment. Asian shares bounced from last week’s steep declines on Monday, though sentiment remained fragile amid heightened worries about corporate earnings and a slowdown in global economic growth.

3.00 pm IST
Tata Power, Monsanto India shares gain after earnings
Monsanto India Ltd shares traded 3.66% up at Rs 2587. The company reported a profit of Rs 24.09 crore in the quarter ended September 30, compared to a profit of Rs 6.39 crore a year ago. Revenue from operations stood at Rs 128 crore in the September quarter from Rs 96 crore in the same quarter a year ago.

2.50 pm IST
Airtel shares down over 1%
Shares of Bharti Airtel fell 1.63% to Rs 293.45. The company is delaying a planned initial public offering of its Africa unit due to the turmoil in emerging-market stocks, reported Bloomberg, citing people with knowledge of the matter said. The company, which was originally aiming to list the unit in London by March, has pushed back the share sale by about half a year, according to the people. It plans to seek an enterprise value of about $8 billion for the Africa business, the people said, asking not to be identified because the information is private.

source: livemint.com