Markets soar: Kotak Bank leads rally with 9% jump as Financial stocks shine
Share prices of Kotak Mahindra Bank Ltd., Bajaj Finance Ltd., Bajaj Finserv Ltd., NTPC Ltd., and State Bank of India were the top gainers among the BSE Sensex stocks.
Among the losers were shares of Zomato Ltd., Adani Ports & Special Economic Zone Ltd., Tata Consultancy Services Ltd., Mahindra & Mahindra Ltd., and Maruti Suzuki India Ltd.
The BSE Sensex and the NSE Nifty started the week on a strong note on Monday. The Sensex closed 0.59 per cent or 454.11 points higher at 77,073.44, while the Nifty ended 0.61 per cent or 141.55 points up at 23,344.75.
Top gainers
Kotak Mahindra Bank emerged as the top Sensex gainer, surging 9.15 per cent to close at ₹1,919.60. The rally was primarily driven by Kotak Mahindra Bank’s stellar performance following better-than-expected quarterly results. Bajaj Finance followed with a strong performance, rising 3.58 per cent to ₹7,437.70. Bajaj Finserv continued the financial sector’s strong showing with a 3.18 per cent gain.
NTPC shares climbed 2.96 per cent, while SBI rounded out the top gainers with a 1.96 per cent increase to ₹779.05.
Top losers
Zomato led the declines, falling 3.14 per cent to ₹240.95 breaking its gaining streak. Adani Ports declined 1.23 per cent to close at ₹1,149.05. TCS shares dropped 1.18 per cent, while M&M and Maruti Suzuki saw modest declines of 0.99 per cent and 0.80 per cent respectively.
