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Mandatory Testing for Indian Spices Destined for Singapore, Hong Kong After Ban -
TRAI Advocates for Enhanced Telecom Infrastructure Sharing Among Licensees -
LTIMindtree Reports Slight Q4 Profit Dip, Optimistic About Upcoming Growth -
Axis Bank Announces Q4 Net Profit at Rs 7,599 Crore Amid Deposit Accretion Worries -
hBits Expands to Pune with CyberCity Magarpatta Acquisition, Eyes Investment Opportunities -
India's First Green Hydrogen Pilot Project Goes Live at Nathpa Jhakri -
DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared -
RBI Halts New Customer Onboarding at Kotak Mahindra Bank Over IT Compliance -
Macrotech Developers' Annual Profit Triples Despite Q4 Dip -
DoT Engages TRAI for Equitable Satcom Spectrum Allocation Guidelines
Sensex, Nifty End Marginally Lower; Kotak Rallies 6%
Benchmark indices ended the day lower as heavyweights, ITC, HDFC and HDFC Bank declined.
Leading the set of gainers from the Nifty were metal stocks with Tata Steel and Hindalco rallying along with Vedanta.
Kotak Mahindra Bank rallied more then 6 per cent after the bank reported a superb set of quarterly numbers. Other banking stocks like Axis, ICICI Bank and HDFC Bank ended the day with losses.
IT Stocks ended the day mixed. TCS closed with gains after a foreign brokerage firm upgraded the target price on the stock. On the other hand Infosys, HCL Tech and Tech Mahindra were weak.
South Indian Bank ended the day lower after its results lagged estimates. PSU banking stocks had a weak session in trade with IDBI Bank, State Bank of India and Andhra Bank among the losers.
Unitech, Suzlon Energy and Reliance Communications were the top traded stocks on the National Stock Exchange.
Meanwhile, markets across Europe were trading with gains after recouping early losses. The German DAX, French CAC and the UK's FTSE were higher in trade.
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