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Stock market today: Sensex falls 400 points, Nifty 50 ends below 23,950; Reliance, Kotak Mahindra Bank among top drags - Mint
Stock market today: Sensex falls 400 points, Nifty 50 ends below 23,950; Reliance, Kotak Mahindra Bank among top dragsMint
SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
Here's why the last 30 minutes are crucial for the Indian stock market today
Stocks like BHEL, Tata Steel, Vedanta, Polycab, Bharat Forge, CG Power, NALCO, HDFC Bank, Coal India and Vodafone Idea are also poised for inflows ranging from $30 million to $70 million as part of the rebalancing.
Kotak Mahindra Bank shares drop over 3% as CEO Ashok Vaswani opts out of second term
Kotak Mahindra Bank shares witnessed some profit booking as its chief executive officer (CEO), Ashok Vaswani, said he will step down at the end of his current term on 31 December 2026.
HDFC Bank governance concerns ease; Kotak Mahindra Bank’s next CEO may come from within: InGovern
Shriram Subramanian, Founder and Managing Director of InGovern, believes HDFC Bank has largely moved past the governance concerns triggered by allegations made by its former chairman, with investor focus now shifting to the appointment of a new chairman and the bank's next chief executive.
Kotak Mahindra Bank shares fall 3% after CEO's surprise exit. What Nomura, Jefferies said
Analysts at Nomura and Jefferies, however, maintain 'Buy' ratings, with Nomura highlighting Anup Kumar Saha as a strong internal candidate. Despite the leadership change, analysts believe the bank's strategic direction will remain consistent.
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Kotak Mahindra Bank shares on 29 June
Indian benchmark indices opened mixed following a significant weekly winning streak. The Nifty 50 showed little change, while the BSE Sensex dipped slightly. Investors are cautious amid geopolitical tensions, with attention on US-Iran diplomatic efforts.
Kotak Mahindra Bank Shares Fall 3% After CEO Ashok Vaswani's Exit Plan
Kotak Mahindra Bank share price slipped as much as 2.79% to Rs 397.6 apiece.
State Bank of India, BSE & Maruti Suzuki: The Next Big Move? - Investing.com India
State Bank of India, BSE & Maruti Suzuki: The Next Big Move?Investing.com India
Kotak Mahindra Bank Shares In Focus: Brokerages Stay Bullish On 'Surprise' CEO Exit - Should You Buy?
CLSA, Jefferies, Morgan Stanley and Citi reiterated their positive ratings on Kotak Mahindra Bank after the lender announced its CEO transition.
Stocks to Watch today: HCL Tech, HDFC Bank, Turtlemint, Hexaware Tech, IRFC
Stocks to Watch today, June 29: Tata Motors PV, Torrent Power, Dr Reddy's Laboratories, Aurobindo Pharma, KEC International, and Adani Ports are among the top stocks to watch during today's trade
Kotak Mahindra Bank shares in focus on CEO transition; Here's why Nomura still says 'buy'
In a note on Monday, Nomura said that the CEO transition is unlikely to alter Kotak Mahindra Bank's strategic direction. Therefore, it maintained its "buy" rating on the lender with a price target of ₹460.