YES Bank Limited announced provisional business updates for Q2 FY27, showing substantial growth across key operational parameters. According to the provisional metrics released prior to official quarterly financial results, the private sector lender recorded total loans and advances of ₹309,675 crore as of September 30, 2026. This reflects a quarter-on-quarter growth of 8.6% compared to ₹285,118 crore recorded as of June 30, 2026. On a year-on-year basis, loans and advances registered a sharp increase of 23.8% from ₹250,212 crore reported at the end of September 2025. The bank's total deposit base expanded to ₹354,084 crore as of September 30, 2026, marking a 12.3% quarter-on-quarter gain over ₹315,373 crore as of June 30, 2026. Compared to the corresponding period of the previous year, deposits grew 19.5% from ₹296,276 crore as of September 30, 2025.
Brokerage commentaries on Monday highlighted opportunities across multiple sectors following Q2 business updates. According to reports, analysts remained broadly positive on the FMCG sector and retail sectors post Q2 business updates from avenue supermarts, and Nykaa among others. The recommendations spanned beauty, aviation, non-banking financial companies (NBFCs), and consumer sectors, with analysts also providing views on banking giants such as Bank of Baroda and HDFC Bank.
Citi upgraded ITC to Buy from Sell with a target price of ₹300, up from ₹270, citing mitigation actions progressing better than initially expected and profitability appearing to bottom. As reported by Citi, the earnings downgrade cycle is largely over, with risk-reward favorable despite near-term pressures. Nomura initiated a Buy rating on IndiGo with a target price of ₹6000, highlighting the large order book allowing domestic dominance and global expansion, with high yields and lean cost structure expected to overcome 50-70% of cost increases. The brokerage projects revenue and EBITDA CAGRs of 16% and 38% respectively for FY26-29.
FSN E-Commerce Ventures Limited, the parent entity of beauty and lifestyle retailer Nykaa, released its provisional quarterly revenue performance update for Q2 FY2027. The company reported sustained business momentum, projecting consolidated Net Revenue growth in the late twenties on a year-on-year basis. Nykaa expects its Consolidated Gross Merchandise Value (GMV) growth to reach close to the thirties, while Net Sales Value (NSV) growth is anticipated in the early thirties for the quarter. The growth was anchored by steady execution across both primary operating segments-Beauty and Fashion-alongside expanding retail footprint and strong online customer acquisition. The core Beauty vertical delivered another period of solid operational performance, with both NSV and Net Revenue projected to grow in the late-twenties percentage range year-on-year.
CLSA provided technical analysis on Nifty, noting the breakdown from the April-September trading range leaves the index vulnerable to further weakness towards major chart support at 21,700-22,182. As reported by CLSA, this support zone coincides with areas from which significant cyclical rebounds emerged following the March 2025 and April 2026 lows. The analysis suggests looking for bullish price/momentum divergence as the index approaches this key support area, potentially creating attractive bottom-fishing opportunities within the broader 21,700-22,182 to 26,000-26,300 trading range.
