Key benchmark index closed with minor gains supported by State Bank of India rally of 7% after Q2 results. The S&P BSE Sensex, gained 37.67 points or 0.10% to close at 39,058.06. The Nifty 50 index gained 1.30 points or 0.01% to close at 11,583.90.

In broader market, the S&P BSE Mid-Cap index was up 0.02% and the S&P BSE Small-Cap index was down 0.39%. On the BSE, 1084 shares rose and 1350 shares fell. A total of 159 shares were unchanged. In Nifty 50 index, 19 stocks advanced and 31 stocks declined.

State Bank of India jumped 7.19% to close at 281.60 after the bank's net profit rose 218.75% to 3011.73 crore on a 9.37 increase in total income to 72,850.78 crore in Q2 September 2019 over Q2 September 2018. Gross slippages fell by 17.91% YoY and 45.69% QoQ to 8,805 crore in Q2 September 2019.

Strides Pharma Sciences advanced 8.23% to close at 372.80 after the company announced decent Q2 earnings during market hours today. The company reported a consolidated net profit of 141.91 crore in Q2 September 2019 as against a net loss of 8.70 crore in Q2 September 2018.

Westlife Development rose 4.94% to close at 366.40 after consolidated net profit rose 15% to 4.68 crore on a 14.2% rise in net sales to 394.87 crore in Q2 September 2019 over Q2 September 2018. Consolidated EBITDA rose 30.9% to 43.32 crore in Q2 September 2019 as against 33.11 crore in Q2 September 2018.

Sterlite Technologies slumped 14.04% to close at 124.90 as consolidated net profit rose 21.6% to 159.56 crore on a 25.4% increase in net sales to 1359.69 crore in Q2 September 2019 over Q2 September 2018.

IDFC First Bank rose 4.76% to close at 40.70 after the bank reported a net loss of 679.50 crore in Q2 September 2019 over a net loss of 369.69 crore in Q2 September 2018. Total income jumped 78% to 4367.12 crore in Q2 September 2019 over Q2 September 2018.

Bandhan Bank rose 4.25% to close at 594.70 after the bank's board approved the proposal for increase in the shareholding limits for foreign portfolio investors (FPIs) from 24% to 49%.

Shriram Transport Finance Co. was up 5.08% to close at 1124 after consolidated net profit rose 25.4% to 768.29 crore on a 6.9% increase in total income to 4219.82 crore in Q2 September 2019 over Q2 September 2018.

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