News for Kotak Mahindra Bank Limited (KOTAKBANK.BO)

Equity indices Sensex and Nifty close flat as investors await macroeconomic data, showing signs of gradual recovery.

The largecap banking stock nosedived to a 5-year low of ₹649, the lowest level last seen in March 2020, while its m-cap slipped to ₹51,102 crore.

From the Sensex pack, IndusInd Bank, Infosys, Bajaj Finserv, Mahindra & Mahindra, Zomato, Hindustan Unilever, Power Grid, Axis Bank, UltraTech Cement, Adani Ports, and Tata Consultancy Services were among the laggards. On the other hand, Sun Pharmaceuticals, ICICI Bank, Bharti Airtel, HCL Technologies, Maruti Suzuki India, Larsen & Toubro, Reliance Industries, Kotak Mahindra Bank and Titan were the gainers.

The Nifty Bank index closed 0.75 per cent down at 47853.95.

Amid market volatility, Helios Flexi Cap Fund increased cash holdings to 20.6% in February. The fund added stocks like Zomato and Bajaj Finance while exiting 11 stocks, including Infosys and TCS. Three new stocks, including Kotak Mahindra Bank, were introduced. The fund manages Rs 2,453.23 crore and follows a dynamic equity investment approach.

The Nifty Bank index was trading 0.59 per cent down at 47932.5.

From the 30 Sensex companies, IndusInd Bank, Zomato, Larsen & Toubro, Titan, Mahindra & Mahindra, Bajaj Finance, Reliance Industries, Kotak Mahindra Bank, Tech Mahindra and Tata Consultancy Services were among the laggards. On the other hand, Power Grid, Hindustan Unilever, Infosys, Nestle India, Asian Paints, ITC, Sun Pharmaceuticals and ICICI Bank were the gainers.

The 30-share BSE Sensex was up 261.76 points at 74594.34

The Nifty Bank index was trading 0.09 per cent up at 48541.75.

The benchmark indices ended flat on Friday, with the NSE Nifty 50 rising 7.8 points to 22,552.5, while the BSE Sensex slipped 7.51 points to 74,332.58. Nifty snapped a three-week losing streak, posting its best weekly gains in three months.

From the Sensex pack, Zomato, IndusInd Bank, NTPC, Infosys, HCL Technologies, Titan, Power Grid, Hindustan Unilever, Tech Mahindra and ITC were among the gainers. On the other hand, Reliance Industries, Nestle India, Tata Motors, Adani Ports, Tata Steel, UltraTech Cement and Kotak Mahindra Bank were the laggards.

The Nifty Bank index closed 0.27 per cent down at 48497.5.

Equity indices close flat amid global trade war uncertainties, with Sensex slipping and Nifty edging up slightly.

Equity markets soar with metal and energy stocks leading gains, Sensex up 609.86 points, Nifty50 up 207.40 points.

The Nifty Bank index closed 0.28 per cent up at 48627.7.

Sensex and Nifty rally over 600 points, closing above key levels on second day of gains due to heavy buying.

The NSE Nifty index closed 207.41 points up at 22544.7

The NSE Nifty index closed 207.41 points up at 22544.7

From the Sensex pack, Asian Paints, NTPC, Reliance Industries, Tata Steel, Bajaj Finserv, Hindustan Unilever, Sun Pharmaceuticals, Adani Ports & SEZ, Axis Bank, Tata Consultancy Services, Titan and Bajaj Finance were the major gainers. Tech Mahindra, Kotak Mahindra Bank, Zomato, Tata Motors, and IndusInd Bank were the laggards.