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Mumbai: The recent sell-off in information technology (IT) stocks has reduced their influence on moves in the benchmark Nifty, ceding more power to banks, whose stake in the key index has strengthened to new highs. The free float weight of IT stocks in the benchmark Nifty had fallen to 8.7% on February 16 from 9.94 […]
Kotak Mahindra Bank, India’s third-largest private lender by market capitalization, on Monday reported a 16% year-on-year increase in its net advances for the December quarter to Rs 4.8 lakh crore, compared to 4.13 lakh crore in the year-ago period. Total deposits in Q3FY26 stood at Rs 5.43 lakh crore, up 15% versus Rs 4.73 lakh […]
According to Gautam Shah, founder of Goldilocks Premium Research, Indian markets may be on the verge of another major breakout. He believes that the Nifty is gearing up to cross the 26,200-point mark and enter a new phase of bullish momentum. Speaking to ET Now, Shah said that whenever the Nifty approaches 26,200, he hesitates […]
