Stock Market Watch: HDFC Bank, ICICI Bank, RIL, Dixon, LTTS, RVNL, IIB to be in focus

Asian markets are trading higher, with CSI 300 up 0.94% and Nikkei up 2.7%. HDFC Bank reported a 10.8% YoY increase in standalone profit to ₹18,641 crore, while Reliance Industries posted a 14.3% rise in consolidated profit to ₹22,092 crore. ICICI Bank recorded a 5.2% YoY increase in standalone profit to ₹12,358.9 crore, and Dixon Technologies reported a 71.9% surge in profit to ₹670 crore. UltraTech Cement saw its consolidated profit rise 75.2% to ₹1,231.6 crore, driven by a 20.3% increase in revenue to ₹19,606.9 crore. Jio Platforms reported a 12.8% YoY increase in profit to ₹7,379 crore with ARPU improving to ₹211.40, while revenue rose 14.9% to ₹42,652 crore. Punjab National Bank posted a 13.9% increase in standalone profit to ₹4,903.7 crore.

Asian markets are trading higher today, with the CSI 300 up 0.94% and the Nikkei up 2.7%. Key financial institutions and corporations have reported strong earnings, driving investor confidence.

HDFC Bank reported a 10.8% year-over-year (YoY) increase in standalone profit to ₹18,641 crore, as per NDTV Profit estimates. The bank's net interest income (NII) also increased by 5% to ₹31,551 crore. ICICI Bank recorded a 5.2% YoY increase in standalone profit to ₹12,358.9 crore, with its NII up 7% to ₹21,529 crore. Meanwhile, Dixon Technologies reported a 71.9% surge in profit to ₹670 crore, driven by strong performance in its core business segments, according to NDTV Profit's Stocks To Watch.

UltraTech Cement, a major player in the cement industry, saw its consolidated profit rise 75.2% to ₹1,231.6 crore, driven by a 20.3% increase in revenue to ₹19,606.9 crore. Reliance Industries posted a 14.3% rise in consolidated profit to ₹22,092 crore, with its EBITDA margin increasing by 41 bps to 18.02%. Jio Platforms reported a 12.8% YoY increase in profit to ₹7,379 crore, with average revenue per user (ARPU) improving to ₹211.40, and revenue rising 14.9% to ₹42,652 crore.

Punjab National Bank posted a 13.9% increase in standalone profit to ₹4,903.7 crore, driven by a 3.6% increase in net interest income (NII) to ₹10,469 crore. The bank's gross non-performing assets (GNPA) ratio improved to 3.45%, down from 3.78% in the previous quarter.

These strong earnings reports have bolstered investor sentiment and contributed to the positive market performance today. As Asian markets continue to recover from the global economic slowdown, these earnings reports provide a positive outlook for the region's financial health.