Market Close: Benchmark indices registered a strong recovery from the intraday lows and ended on a positive note on August 2 with Nifty finished a tad below 11,000 mark.

At close the Sensex was up 118.69 points at 37,137.01, while Nifty was up 17.40 points at 10,997.40. About 1104 shares have advanced, 1339 shares declined, and 132 shares are unchanged. 

Indiabulls Housing, Tata Steel, SBI, Coal India and Wipro were among major losers on the Nifty, while gainers include Bharti Airtel, Asian Paints, Eicher Motors, Bajaj Auto and Maruti Suzuki.

HDFC Q1 net profit jumps 46%:

Housing Development Finance Corporation (HDFC) has reported 46 percent jump in its Q1FY20 net profit at Rs 3,203.10 crore against Rs 2,190 in the same quarter last year.

Revenue of the company was up 30.6 percent at Rs 12,990.29 crore against Rs 9,947.35 crore.

SBI Q1 results:

State Bank of India (SBI) has reported Q1 net profit at Rs 2,312 crore, net interest income (NII) at Rs 22,939 crore. Net NPA was up marginally at 3.07 percent, while gross NPA unchanged at 7.53 percent, QoQ.

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