While the Indian stock markets (NSE and BSE) are closed today for the weekend, the financial world is buzzing with major earnings reports and a wrap-up of yesterday’s volatile session. Investors are closely analyzing the stellar performance of YES Bank and the steady growth of HDFC Bank, which could set the tone for Monday’s opening.

1. YES Bank Delivers a "Breakout" Quarter: Profit Jumps 55%

In a massive surprise for the banking sector, YES Bank reported its Q3 FY26 results today, showing a remarkable recovery.

• Net Profit: Surged by 55.4% year-on-year to ₹951.6 crore, far exceeding the ₹612.3 crore reported in the same quarter last year.

• Net Interest Income (NII): Grew by 11%, reflecting healthy core lending operations.

• Asset Quality: Gross NPAs improved slightly to 1.5%, signaling a cleaner balance sheet and renewed investor confidence.

2. HDFC Bank: Stable Growth Amidst Sector Challenges

India’s largest private lender, HDFC Bank, also announced its results today, showing resilience despite a high loan-to-deposit ratio (LDR) in the sector.

• Net Profit: Increased by 10.1% YoY to ₹18,430 crore.

• Revenue: Rose by nearly 10% to ₹46,270 crore.

• Strategic Outlook: Management emphasized a focus on deposit mobilization to balance their aggressive loan growth, which stood at a healthy 11.9% increase.

3. IT Sector "Spring": Infosys Boosts Market Sentiment

Following strong results from giants like Infosys and HCL Tech earlier this week, the Nifty IT index snapped a losing streak on Friday.

• The IT Rally: A robust 3% surge in the IT index on Friday helped the broader market recover from recent lows.

• Guidance: Improved revenue guidance for the 2026 fiscal year has brought back FII (Foreign Institutional Investor) interest into large-cap tech stocks.

• Traders are now eyeing the Union Budget scheduled for February 1st. In a rare move, both NSE and BSE have confirmed they will conduct live trading on Sunday, February 1st, to accommodate the Budget announcement.