Kotak's net NPA increased to 0.43% from 0.37% YoY at September's end, while its GNPA increased to 1.49% from 1.72% YoY.
As of 1:40 pm, the shares had recovered slightly and were trading at ₹1,017.30 down nearly 7%.
The broader market is reflecting mixed results, with the BSE Midcap index slightly down by 0.99% and the BSE Smallcap index decreasing by 0.95%
FPIs withdrew $(2.26) Billion in the week, taking the FPI selling in Indian equities to $(9.25) Billion in October 2024
Markets were subdued this week; but without the bank rally, the cuts in the market would have been much deeper
This preferential issue is expected to boost Reliance Infrastructure’s net worth from ₹9,000 Crore to ₹12,000 Crore and significantly reduce its debt.
Gaurav Gogoi, the MP for Jorhat, praised the board's decision but emphasized the importance of doing a thorough analysis of the circumstances.
Alembic Pharmaceuticals continues to grow its footprint in the US, with this approval contributing to its robust portfolio of generic medications.
Anchor bidding for the IPO will begin on October 24, a day before the public issue opens.
It was a light week in terms of data, but the Fed speak suggests that the Fed is prepared for any eventuality

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