Private bank stocks: Kotak Mahindra Bank jumps 8.65%, Yes Bank up 1.04%
Private bank stocks showed mixed movements in early trading hours on Monday, with Kotak Mahindra Bank leading the gains. Here’s a snapshot of the market performance:
Top Movers (as of 9:30 AM):
- Kotak Mahindra Bank: ₹1,910.75 (+8.65%)
- Yes Bank: ₹18.45 (+1.04%)
- Federal Bank: ₹192.17 (+0.31%)
- HDFC Bank: ₹1,638.55 (+0.11%)
Decliners:
- Bandhan Bank: ₹150.92 (-0.21%)
- ICICI Bank: ₹1,220.30 (-0.42%)
- Axis Bank: ₹984.95 (-0.62%)
- RBL Bank: ₹153.96 (-0.75%)
- IndusInd Bank: ₹953.60 (-1.79%)
Market Context:
The sharp rise in Kotak Mahindra Bank comes amid recent positive developments around its Q3 results, which exceeded market expectations. Further updates on sector performance and individual stock drivers will be awaited as the day progresses.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult their financial advisor before making any investment decisions.