SCountry's largest lender State Bank of India's net profits for the second quarter ended September 2014 expanded by 30.5% at Rs 3,100 crore on robust growth in robust income comprising fees, commissions, and good interest income.

It had posted a net profit of Rs 2,375 crore in July-September 2013.

BHEL's Q2 net profit fell 72.5% to Rs 125 crore from Rs 456 crore in the year-ago quarter.

Net sales came in at Rs 6,027 crore compared to Rs 8,819 crore in the quarter ended September 30, 2014.

The country's largest real estate player, DLF, has posted a nine per cent jump in its consolidated net profit at Rs 109 crore for the quarter ended September on the back of higher sales.

It had reported a net profit of Rs 100 crore in the same quarter the previous year.

Oil India has dipped 3.5% to Rs 576, extending its previous day’s 2% fall on National Stock Exchange (NSE), after reporting a 33% decline in net profit at Rs 608 crore for the quarter ended September as a historic downslide in crude oil price impacted realizations. The state-owned petroleum explorer had profit of Rs 904 crore during the same quarter last fiscal.

Analysts on an average had expected net profit of Rs 861 crore for the quarter.

Benchmark indices have come off day’s high and are trading in a narrow range amid positive bias with Sensex and Nifty hovering around 27,900 mark and 8,350 levels, respectively.

Index heavyweight shares like ITC and Infosys are trading lower on account of profit taking whereas rate sensitive shares are witnessing some buying demand.

Shares of the country’s largest cigarette maker ITC is trading higher by 3% at Rs 367 on National Stock Exchange (NSE) in otherwise subdued market on back of heavy volumes.

The stock opened at Rs 356 and touched a high of Rs 368 on NSE so ar. At 1149 hours, a combined 9.12 million shares changed hands against an average sub 6 million shares that were traded daily in past two weeks on NSE and BSE.

The benchmark BSE Sensex hit new record-high of 28,027.96 and the NSE Nifty touched another peak of 8,383.05, respectively in opening trade on Monday as investors cheered expansion of the Union Cabinet amidst continued foreign capital inflows.

Besides, a mixed trend at other Asian markets influenced trading sentiments.

Shares of DLF on Friday rose over six per cent, adding Rs 1,407 crore to its market valuation, after the Securities Appellate Tribunal (SAT) allowed the realty giant to redeem mutual funds (MFs) worth Rs 1,806 crore to meet working capital needs and service debt payments.

After surging 6.59 per cent to Rs 135 in intra-day trade, shares of DLF finally ended at Rs 134.55, up 6.24 per cent at the BSE.

Bank of Baroda was down 2% to Rs 934 on the Bombay Stock Exchange (BSE) at 1035 hrs as the bank reported a 5.5% dip in Q2 net profit at Rs 1,104 compared to Rs 1,168 crore in the year-ago period.

Gross NPAs rose to 3.32% compared to 3.11% in the previous quarter.

DLF is trading 4% higher at Rs 132 on BSE, in otherwise subdued market, after the Securities Appellant Tribunal (SAT), in an interim relief, allowed real estate giant to redeem its mutual fund investments of Rs 1,806 crore to service its debt.

After hearing an appeal for interim relief by DLF, the Tribunal allowed the company to redeem mutual funds worth Rs 767 crore in the current month and further funds worth Rs 1,039 crore in December, the PTI report suggests.

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