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HomeBuisnessStock Market BSE Sensex NSE Nifty Updates | Kotak Bank Share...

Stock Market BSE Sensex NSE Nifty Updates | Kotak Bank Share Price | Sensex fell 259 points to close at 71,423: Nifty also fell 50 points, IDBI Bank shares gained 13%. Pi News

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Mumbai4 hours ago

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The Indian stock market saw a decline today, January 20. The Sensex fell 259 points to close at 71,423. Meanwhile, the Nifty also fell by 50 points. It closed at 21,571. Out of 30 Sensex stocks, 24 were down and 6 were up. Shares of IDBI Bank rose 13% after strong quarterly results.

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3005 mln. in the third quarter of “Kotak Bank”.
Kotak Mahindra Bank has announced its results for the third quarter (October-December) of the financial year 2023-24. The bank’s net interest income (NII) in the third quarter compared to the same period last year was 6553.5 million soums from 5652.9 million soums. At the same time, the net profit increased from 2791.9 million soums to 3005 million soums annually.

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The bank’s gross NPA rose to 1.73% from 1.72% quarter-on-quarter. Whereas, Net NPA decreased from 0.37% to 0.34%. Bank shares rose more than 2 percent after the good results.

Shares of IDBI Bank rose 13% after good results
IDBI Bank’s net interest income (NII) increased to Rs 3,434.47 crore in the third quarter from Rs 2,925.35 crore in the same period last year. At the same time, the net profit is 927.27 million per year. 1458.18 million soums.

The bank’s gross NPAs declined to 4.69% from 4.9% quarter-on-quarter. Whereas, Net NPA decreased from 0.37% to 0.34%. After the good results, the bank’s shares rose more than 13%.

ICICI Bank’s profit is 18,679 million
ICICI Bank’s net interest income (NII) rose to Rs 18,679 crore in the third quarter from Rs 16,465 crore in the same period last year. At the same time, the net profit increased from 8,312 million soums to 10,271 million soums per year.

The bank’s gross NPAs declined to 2.3% quarter-on-quarter from 2.48%. Whereas, net NPA increased to 0.44% from 0.43%. Today, the bank’s share price is up 0.92%.

The market will remain closed on Monday due to the opening of the Ram Temple.
The stock market will remain closed on Monday (January 22) on the occasion of the opening of the Ram Temple. Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be closed for trading on this day. The Maharashtra government has declared January 22 as a holiday in the state on the occasion of the consecration of the Ram temple in Ayodhya.

Opportunity to invest in IPO of Epack Durable Limited
The initial public offering, i.e. the IPO of Epack Durable Limited, was opened. The company is looking to raise ₹ 640.05 crore through this issue. Retail investors can bid for this IPO until January 23. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on January 29. Click to read the full story…

On Friday, there was an increase in the market
Yesterday, on January 19, there was an increase in the stock market. The Sensex closed up 496 points at 71,683. Meanwhile, the Nifty saw a gain of 160 points to close at 21,622. Out of 30 Sensex stocks, 26 advanced and 4 declined.

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