Category: Kotak Mahindra Bank

Sensex drops 50 points, Nifty tests 11,100 on weak global cues

Source: economictimes.indiatimes.com NEW DELHI: Benchmark equity indices BSE Sensex and NSE Nifty opened on a cautious note on Wednesday tracking weak cues from US stocks in overnight trade. Statement from Moody’s Investors Service’s too impacted investor sentiment on D-Street. Moody’s said the economic measures announced by Finance Minister Nirmala Sitharaman are unlikely to provide some

D-Street Buzz: Realty stocks slip led by DLF, Oberoi Realty; Bajaj Finance down 4%

Source: moneycontrol.com Benchmark indices continues to trade in the red with Nifty down 50 points and is trading at 11,505 level while the Sensex shed 142 points and is trading at 38,588 level. Nifty Realty is down 1.5 percent dragged by DLF, Oberoi Realty, Prestige Estates and Sobha. From the PSU Banking space, the top losers are PNB, Bank

Nifty earnings, excluding corp banks to see 5% decline in Q1: Gautam Duggad

Source: economictimes.indiatimes.com Mumbai: Nifty earnings excluding the corporate banks may see a 5 per cent decline in the June quarter, according to Gautam Duggad, head of research- institutional equities at Motilal Oswal Securities, led by a slowdown in earnings for metals and auto pack.  “If you see the Nifty earnings for the last two quarters

DHFL lenders sign creditor agreement; may take up to 40% haircut under the resolution plan

Source: cnbctv18.com he lenders’ consortium comprising of 31 banks has signed the Inter-Creditor Agreement (ICA) for resolution of Dewan Housing Finance Limited’s (DHFL) liquidity crisis, multiple sources aware of the development told CNBC-TV18. DHFL is a large non-banking financial company (NBFC) with outstanding loans of nearly Rs 50,000 crore to banks. Kotak Mahindra Bank and DCB