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US Steps In to Escort Ships in Hormuz | Oil Near $108 | Kotak Bank Steady | Opening Bell
Markets kick off the week with global tensions in focus as US President Donald Trump announces “Project Freedom” to escort stranded vessels through the Strait of Hormuz. Iran calls the US response to its 14-point proposal unacceptable, keeping geopolitical risks elevated and pushing Brent crude near $108. US markets ended higher on Friday, with the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite gaining up to 1.6%, supported by strong earnings from Exxon Mobil, Chevron, and Estée Lauder. Economic data remains mixed, with steady manufacturing activity and a rise in consumption. Back home, Kotak Mahindra Bank reports a stable quarter, while GIFT Nifty suggests a positive start for Indian markets. Investors also keep a close watch on state election results for further cues.
Kotak Mahindra Bank stock falls 2.6%, top Nifty loser; analysts hail Q4 results margin gains, but flag RoE lag
Kotak Mahindra Bank’s asset quality improved during the quarter, with gross non-performing assets easing sequentially, while provisions declined sharply, supporting earnings.
Taking Stock: Nifty ends near 23,150 in volatile trade; pharma, private banks rally
ICICI Bank, Kotak Mahindra Bank, Grasim, M&M, JSW Steel were among top gainers on the Nifty, while losers were Infosys, HCL Tech, Adani Ports, Trent, Eternal.
Karur Vysya Bank – Can it surprise positively amid macro headwinds?
Pristine asset quality, superior profitability and disciplined growth augur well for the bank
Bank Nifty falls 400 pts from day's high, private banks outperform; what lies ahead?
The Nifty Private Bank Index outperformed the broader banking gauge, ending 0.55 percent higher.
Chartist Talks: Milan Vaishnav expects Nifty to defend 23,700 support next week, believes this stock looks overbought after 47% rally in April
Milan Vaishnav sees enough evidence that the Relative Strength of Nifty Bank is weak against the Nifty; this Index may relatively underperform the Nifty on week-on-week basis for some time.
Mylan exits Biocon; Morgan Stanley, ICICI Pru MF, Goldman Sachs, Citigroup among 36 investors buy entire 5.64% stake
Biocon Block Deals | ICICI Prudential Mutual Fund was the largest buyer among 36 investors, picking up 3.68 crore equity shares (2.26 percent stake) for Rs 1,475 crore.
Live: Nifty unfazed by US-Iran tensions, ends week with gains | Closing Bell
Markets trade firm with NIFTY gaining 100 points above 25,550 and Sensex up 300 points, even as India VIX jumps 7%. IT stocks extend losses for the third straight day, while Bank, Metal and FMCG counters see strong buying. Top Gainers: Hindalco Industries, NTPC, Larsen & Toubro Top Losers: Tech Mahindra, Infosys, Bharti Airtel Catch Lovisha Darad in conversation with Ajit Mishra, SVP Research, Religare Broking and market expert Sunil Subramanian
Stock Market Live: GIFT Nifty signals mildly positive start; Asian, US markets advance, oil prices jump
Sensex Today | Stock Market LIVE Updates: The S&P 500 and the Nasdaq advanced on Tuesday as solid big bank results and a cooler-than-expected inflation report boosted risk appetite amid rising Middle East tensions. The Dow Jones Industrial Average rose 10.02 points, or 0.02%, to 52,508.66, the S&P 500 gained 28.55 points, or 0.38%, to 7,543.89 and the Nasdaq Composite gained 233.83 points, or 0.90%, to 26,107.01.
Taking Stock: Nifty hits 11-month low, ends below 23,900; Sensex declines 1,342 pts
On the sectoral front, auto, FMCG, PSU Bank, Consumer Durables, Private Bank, Capital Goods, IT, realty shed between 1-3%, while oil & gas, pharma indices ended with marginal gains.
HDFC MF buys Rs 139 crore stake in Jupiter Life Line Hospitals, exits 1.3% in TCI Express
In a separate bulk deal, Nippon India Mutual Fund acquired 5 lakh shares, or a 1.3 percent stake, in logistics company TCI Express, from HDFC Mutual Fund for Rs 28.1 crore.
Should investors consider AMC stocks in a wobbly market?
Healthy inflows are a long-term positive for the mutual fund industry, though market volatility raises near-term concerns