The Nifty January 2024 futures closed at 23,393, a premium of 48.25 points compared with the Nifty's closing 23,344.75 in the cash market. In the cash market, the Nifty 50 gained 141.55 points or 0.61% to 23,344.75. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, jumped 4.23% to 16.42. Kotak Mahindra Bank, Axis Bank and Zomato were the top traded individual stock futures contracts in F&O segment of NSE. The January 2025 F&O contracts will expire on 30 January 2025. Powered by Capital Market - Live

The key equity indices traded with significant gains in afternoon trade. The Nifty above the 23,300 level after hitting the day's low of 23,170.65 in the morning trade. Banking, metal and realty shares advanced while FMCG and IT shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, rallied 561 points or 0.73% to 77,165.52. The Nifty 50 index added 143.25 points or 0.62% to 23,346.45. In the broader market, the S&P BSE Mid-Cap index rose 0.54% and the S&P BSE Small-Cap index gained 0.79%. The market breadth was positive. On the BSE, 2,427 shares rose and 1,525 shares fell. A total of 187 shares were unchanged. Economy: India's foreign exchange (forex) reserves declined $8.714 billion to $625.871 billion in the week ended January 10, according to the latest RBI data. For the week ended January 10, foreign currency assets, a major component of the reserves, decreased by $9.469 billion to $536.011 billion, the data released on Friday showed. Gold reserves increased by $792 million to $67.883 billion during the week. The special drawing rights (SDRs) were down by $33 million to $17.781 billion, the RBI said. India's reserve position with the IMF was down by $4 million at $4.195 billion in the reporting week, the apex bank data showed. Gainers & Losers: Kotak Mahindra Bank (up 9.44%), Wipro (up 6.21%), Bajaj Finance (up 3.70%), Bajaj Finserv(up 3.25%) and NTPC (up 2.93%) were the major Nifty gainers. SBI Life Insurance Company (down 2.90%), Trent (down 1.71%), Shriram Finance (down 1.56%), HDFC Life Insurance Company (down 1.23%) and Tata Consultancy Services (TCS) (down 2.13%) were the major Nifty losers. Kotak Mahindra Bank surged 8.93% to Rs 1,915.710 after the private lender's net profit jumped 9.97% to Rs 3,304.80 crore on 13.86% rise in total income to Rs 16,050.38 crore in Q3 FY25 over Q3 FY24. Wipro jumped 7.13% to Rs 301.95 after the IT major's consolidated net profit grew 4.51% to Rs 3,353.8 crore in Q3 FY25 as against Rs 3,208.8 crore posted in Q2 FY25. However, revenue from operations increased marginally to Rs 22,318.8 crore in the December 2024 quarter as against Rs 22,301.6 crore reported in the preceding quarter same year. Bharti Airtel rose 0.48% while Bajaj Finance rallied 3.70% after the Bharti Airtel and Bajaj Finance announced a strategic partnership to create one of India's largest digital platforms for financial services and transform last mile delivery. The partnership will bring Airtel's highly engaged customer base of 370 million, more than 12 lakh strong distribution network, and Bajaj Finance's diversified suite of 27 product lines, and distribution heft of over 5,000 branches and 70,000 field agents. Stock in Spotlight: Tech Mahindra fell 0.29%. The IT major's consolidated net profit slipped 21.35% to Rs 983.2 crore in Q3 FY25 as against Rs 1,250.1 crore reported in Q3 FY24. However, revenue from operations declined marginally 0.2% to Rs 13,285.6 crore in the December quarter, from Rs 13,313.2 crore recorded in the preceding quarter of FY24. United Breweries (UBL) jumped 4.98% after the company announced the resumption of supply of its beer to Telangana Beverages Corporation (TGBCL) with immediate effect. GMR Airports Infrastructure rose 1.54% after the company reported an 8.5% year-on-year (YoY) increase in passenger traffic across all GMR airports, reaching over 10.8 million passengers in December 2024. One 97 Communications (Paytm) added 0.60% after the company's net loss reduced to Rs 208.3 crore in Q3 FY25 from net loss of Rs 219.8 crore posted in Q3 FY24. Revenue from operations increased 10.14% quarter on quarter (QoQ) but fell by 35.88% year over year (YoY) to Rs 1,827.8 crore in the quarter ended 31 December 2024. Adani Energy Solutions rose 2.14% after the company's material subsidiary Adani Electricity Mumbai (AEML), has executed share purchase agreement (SPA) with Adani Properties (APPL) for acquiring 100% shares of Superheights Infraspace (SIPL). Krystal Integrated Services declined 1.74% after the company's consolidated net profit jumped 18.06% to Rs 10.59 crore in Q3 FY25 as against Rs 8.97 crore posted in Q3 FY24. However, revenue from operations fell 2.36% to Rs 276.37 crore as against Rs 283.07 crore posted in the corresponding quarter last year. Global Markets: Most of the European market advanced as investors are looking ahead to Trump's inauguration ceremony. Additionally, investors are also gearing up for the World Economic Forum in Davos, Switzerland, this week. At the annual event, political and business leaders, among others, will gather in the Alpine resort for a wide range of debates, from how to increase economic growth to the challenges that artificial intelligence poses. Asian stocks advanced on Monday, buoyed by hopes that U.S. President-elect Donald Trump may adopt a less aggressive stance toward China than previously feared when he assumes office later in the day. Regional markets took cues from Wall Street's strong performance on Friday. U.S. stocks rallied as robust bank earnings and expectations of interest rate cuts fueled investor optimism. The Dow Jones Industrial Average climbed 0.78%, hitting a new one-month high, while the S&P 500 rose 1.00%, and the NASDAQ Composite added 1.51%. Key performers included NVIDIA Corporation (+3.10%), Amazon.com Inc (+2.39%), and Goldman Sachs Group Inc (+2.11%). Investor sentiment improved further after Trump avoided mentioning trade tariffs during a victory lap rally in Washington on Sunday. However, he reiterated plans to crack down on immigration and reduce government oversight of domestic companies. Despite the optimism, uncertainty lingers. Fox News Digital reported that Trump is expected to sign a record number of executive orders upon taking office on Monday. While details remain unclear, some orders could potentially include increased trade tariffs against China. Previously, Trump had vowed to impose tariffs of up to 60% on Chinese imports and suggested similar measures targeting Mexico and Canada. Such policies could disrupt global trade and pose challenges for export-driven economies. Meanwhile, the People's Bank of China (PBOC) left its benchmark loan prime rate unchanged on Monday, as widely anticipated. Beijing appears to be holding off on new stimulus measures while awaiting greater clarity on Trump's trade policies. Lastly, U.S. markets will remain closed on Monday in observance of Martin Luther King, Jr. Day.Powered by Capital Market - Live

Profit before tax increased 10.02% year on year (YoY) to Rs 4,386.90 crore in the quarter ended 31 December 2024. Net Interest Income (NII) for Q3 FY25 stood at Rs 7,196 crore, up 10% from Rs 6,554 crore recorded in Q3 FY24. Net interest margin (NIM) was 4.93% for Q3 FY25. Operating profit was at Rs 5,181 crore during the quarter, up 13% as against Rs 4,566 crore reported in Q3 FY24. Fees and services grew by 10% YoY to Rs 2,362 crore in the quarter ended 31 December 2024. Customers as on 31 December 2024 were 5.2 crore as compared to Rs 4.8 crore as on 31 December 2023. Customer assets increased by 15% YoY to Rs 459,436 crore as at 31 December 2024 from Rs 400,759 crore as at 31 December 2023. Advances rose by 16% YoY to Rs 433,386 crore as at 31 December 2024 from Rs 372,464 crore as at 31 December 2023. On the asset quality front, the gross non-performing asset (GNPA) ratio was 1.50% as of 31 December 2024, compared to 1.49% as of 30 September 2024 and 1.73% as of 31 December 2023. The net non-performing assets (NNPA) ratio was 0.41% as of 31 December 2024, compared to 0.43% as of 30 September 2024 and 0.34% as of 31 December 2023. The provision coverage ratio stood at 73% in Q3 FY25. During the quarter, Slippages were at Rs 1,657 crore from Rs 1,177 crore reported in the same period a year ago. The capital adequacy ratio of the bank, as per Basel III, as at 31 December 2024 was 22.8% and the CET1 ratio of 21.7% (including unaudited profits). Return on assets (ROA) for Q3 FY25 (annualized) was 2.10% as against 2.20% registered in Q3 FY24. On a consolidated basis, the bank's PAT for Q3 FY25 was Rs 4,701.02 crore, up 10.22% YoY from Rs 4,264.78 crore in Q3 FY24. At the consolidated level, the return on assets (ROA) for Q3 FY25 (annualized) was 2.30% and the return on equity (ROE) for Q3 FY25 (annualized) stood at 12.43%. Consolidated networth as at 31 December 2024 was at Rs 1,52,878 crore (including increase in reserves due to RBI's Master Direction on Bank's investment valuation of Rs 5,654 crore and gain on Kotak General Insurance (KGI) divestment of Rs 2,730 crore). Total Assets Under Management as at 31 December 2024 were Rs 686,197 crore, up 29% YoY over Rs 533,365 crore as at 31 December 2023. The domestic MF equity AUM increased by 39% YoY to Rs 319,161 crore as at 31 December 2024. Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending and car finance.Powered by Capital Market - Live

Profit before tax increased 10.02% year on year (YoY) to Rs 4,386.90 crore in the quarter ended 31 December 2024. Net Interest Income (NII) for Q3 FY25 stood at Rs 7,196 crore, up 10% from Rs 6,554 crore recorded in Q3 FY24. Net interest margin (NIM) was 4.93% for Q3 FY25. Operating profit was at Rs 5,181 crore during the quarter, up 13% as against Rs 4,566 crore reported in Q3 FY24. Fees and services grew by 10% YoY to Rs 2,362 crore in the quarter ended 31 December 2024. Customers as on 31 December 2024 were 5.2 crore as compared to Rs 4.8 crore as on 31 December 2023. Customer assets increased by 15% YoY to Rs 459,436 crore as at 31 December 2024 from Rs 400,759 crore as at 31 December 2023. Advances rose by 16% YoY to Rs 433,386 crore as at 31 December 2024 from Rs 372,464 crore as at 31 December 2023. On the asset quality front, the gross non-performing asset (GNPA) ratio was 1.50% as of 31 December 2024, compared to 1.49% as of 30 September 2024 and 1.73% as of 31 December 2023. The net non-performing assets (NNPA) ratio was 0.41% as of 31 December 2024, compared to 0.43% as of 30 September 2024 and 0.34% as of 31 December 2023. The provision coverage ratio stood at 73% in Q3 FY25. During the quarter, slippages were at Rs 1,657 crore from Rs 1,177 crore reported in the same period a year ago. The capital adequacy ratio of the bank, as per Basel III, as at 31 December 2024 was 22.8% and the CET1 ratio of 21.7% (including unaudited profits). Return on assets (ROA) for Q3 FY25 (annualized) was 2.10% as against 2.20% registered in Q3 FY24. On a consolidated basis, the bank's PAT for Q3 FY25 was Rs 4,701.02 crore, up 10.22% YoY from Rs 4,264.78 crore in Q3 FY24. At the consolidated level, the return on assets (ROA) for Q3 FY25 (annualized) was 2.30% and the return on equity (ROE) for Q3 FY25 (annualized) stood at 12.43%. Consolidated networth as at 31 December 2024 was at Rs 1,52,878 crore (including increase in reserves due to RBI's Master Direction on Bank's investment valuation of Rs 5,654 crore and gain on Kotak General Insurance (KGI) divestment of Rs 2,730 crore). Total Assets Under Management as at 31 December 2024 were Rs 686,197 crore, up 29% YoY over Rs 533,365 crore as at 31 December 2023. The domestic MF equity AUM increased by 39% YoY to Rs 319,161 crore as at 31 December 2024. Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance, and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending, and car finance. Shares of Kotak Mahindra Bank declined 2.58% to end at Rs 1,758.65 on Friday, 17 January 2025.Powered by Capital Market - Live

Net profit of Kotak Mahindra Bank rose 10.23% to Rs 4701.02 crore in the quarter ended December 2024 as against Rs 4264.78 crore during the previous quarter ended December 2023. Total Operating Income rose 14.75% to Rs 16633.14 crore in the quarter ended December 2024 as against Rs 14494.96 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income16633.1414494.96 15 OPM %36.3013.87 - PBDT6180.085613.59 10 PBT6180.085613.59 10 NP4701.024264.78 10 Powered by Capital Market - Live

Kotak Mahindra Bank Ltd rose for a third straight session today. The stock is quoting at Rs 1812.45, up 1.28% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77055.77, up 0.43%. Kotak Mahindra Bank Ltd has added around 1.59% in last one month. Meanwhile, Nifty Bank index of which Kotak Mahindra Bank Ltd is a constituent, has added around 6.61% in last one month and is currently quoting at 48751.7, up 1.21% on the day. The volume in the stock stood at 15.79 lakh shares today, compared to the daily average of 42.52 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 1815.05, up 1.32% on the day. Kotak Mahindra Bank Ltd is up 1.84% in last one year as compared to a 8.08% gain in NIFTY and a 7.12% gain in the Nifty Bank index.The PE of the stock is 25.32 based on TTM earnings ending September 24.Powered by Capital Market - Live

The key domestic indices traded with significant losses in afternoon trade, following a subdued market sentiment ahead of Tata Consultancy Services' quarterly results, with expectations of fewer rate cuts in the U.S. in 2025 adding to market caution. The Nifty dropped below the 23,550 level. Auto and FMCG shares advanced while realty, oil & gas and financial services shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex declined 504.51 points or 0.65% to 77,643.94. The Nifty 50 index tumbled 145.30points or 0.61% to 23,543.65. In the broader market, the S&P BSE Mid-Cap index shed 0.58% and the S&P BSE Small-Cap index fell 0.79%. The market breadth was weak. On the BSE, 1,327 shares rose and 2,523 shares fell. A total of 127 shares were unchanged. Gainers & Losers : Kotak Mahindra Bank (up 1.66%), Hindustan Unilever (up 1.13%), Bajaj Auto (up 1.10%), Hindalco Industries (up 0.83%) and ITC (up 0.82%) were the major Nifty gainers. Hindalco Industries rose 0.83%. The company's wholly owned subsidiary, Novelis said that its indirect wholly owned subsidiary, Novelis Corporation has decided to raise 6.875% senior notes aggregating to $750 million via private offering. ONGC (down 2.87%), Shriram Finance (down 2.68%), Larsen & Tourbro (down 2.07%), HDFC Bank (down 1.99%) andWipro (down 1.88%) were the major Nifty losers. Stocks in Spotlight: Tata Motors declined 1.41%. The company said that its wholly owned subsidiary, Jaguar Land Rover (UK) reported 3% increase in wholesale volumes to 104,427 units in Q3 FY25 as compared with 101,043 units in Q3 FY24. PNG Jewellers fell 2.64%. The company announced that it has witnessed a consolidated YoY growth of around 24% in Q3 FY25, driven by a strong increase in same store sales growth, festive demand in Dussehra, Diwali and the wedding season. Keystone Realtors shed 0.84%. The company said that it had recorded 40% growth in its pre-sales to Rs 863 crore in Q3 FY25 from Rs 616 crore in Q3 FY24. The area sold during the period under review aggregated to 0.41 million square feet, which is higher by 10% as compared with the area of 0.37 million square feet sold in the same period last year. Manappuram Finance jumped 1.08% after the Reserve Bank of India lifted the restrictions imposed on Asirvad Micro Finance with respect to sanction or disbursal of loans with immediate effect. Ajmera Realty & Infra India tumbled 2.76%. The infrastructure company registered collections of Rs 167 crore in Q3 FY25, up by 10% from Rs 151 crore recorded in Q3 FY24. Borosil Renewables hit an upper circuit of 5% after the company announced plans to expand its solar glass manufacturing capacity by 50% of its present capacity in manufacturing of solar glass. Anand Rathi Wealth rallied 2.67% after the company's board scheduled a meeting on 13 January 2025 to consider a proposal of bonus issue. Global Markets: The Dow Jones index futures were down 60 points, signaling a negative opening for U.S. stocks today. Investors grappled with the prospect of slower interest rate cuts in 2025 while also speculating over increased trade tariffs under President Donald Trump. European market declined as the inflation outlook in the U.S., Asia and Europe takes center stage this week, with markets grappling with concerns about persistent inflationary pressures. Asian shares traded mixed on Thursday as Wall Street investors remained cautious ahead of Friday's crucial jobs report, which will provide further insights into the state of the US labor market. Key economic data in Asia today will include China's inflation reading. US markets are closed today for a national day of mourning to honor the passing of former President Jimmy Carter. Wall Street indexes moved in a tight range on Wednesday after marking a weak start to 2025. The S&P 500 rose 0.1% to 5,917.30 points on Wednesday, while the NASDAQ Composite fell 0.1% to 19,475.93 points. The Dow Jones Industrial Average rose 0.3% to 42,635.20 points. Technology stocks weighed on Wall Street sentiment as investors booked profits after a strong 2024 performance. Market participants are now keenly awaiting the start of the fourth-quarter earnings season next week, with major banks set to release their results. The minutes of the Federal Reserve's December meeting revealed that policymakers are increasingly inclined towards a slower pace of interest rate cuts this year, citing concerns about persistent inflationary pressures. The minutes reiterated the central bank's hawkish stance, confirming a reduction in the projected number of rate cuts for 2025 from four to two. Some Fed officials expressed concerns that protectionist policies implemented under the Trump administration could continue to fuel inflation and hinder economic growth. The minutes highlighted the potential impact of changes in trade and immigration policy on the inflation outlook, suggesting that the fight against inflation may be more prolonged than initially anticipated.Powered by Capital Market - Live

Kotak Mahindra Bank will hold a meeting of the Board of Directors of the Company on 18 January 2025.Powered by Capital Market - Live

Securities in F&O Ban: Bandhan Bank, Hindustan Copper, Manappuram Finance and RBL Bank & L&T Finance shares were banned in F&O Trading on 9 January 2025. Earnings Today: GTPL Hathway, Indian Renewable Energy Development Agency (IREDA), Tata Elxsi and Tata Consultancy Services (TCS), Vivo Bio Tech will declare their Q3 earnings later today. Stocks to Watch : Matrimony.com's chief financial officer (CFO), Sushanth S Pai has tendered his resignation with effect from 17 February 2025. Borosil Renewables has announced the expansion of its current capacity by 50% in the manufacturing of solar glass, a critical component in the manufacturing of Photo Voltaic solar panels. Hindalco Industries' direct subsidiary, Novalis has decided to propose offer of $500 million aggregate principal amount of its senior unsecured notes due 2030 in a private offering. Kotak Mahindra Bank board will meet on 18 January 2025, to consider a proposal for raising funds by way of issuance of unsecured, redeemable, non-convertible debentures, on a private placement basis, in one or more tranches / series, during FY 2025-26. Afcons Infrastructure has received letter of intent from Defence Research and Development Organisation (DRDO) for Rs 1,084.5 crore infrastructure project. Morepen Laboratories incorporated a subsidiary, Morepen Medtech. The company will subscribed and held 80% of the capital while remaining 20% will be held by members belonging to promoters & promoter group and relative thereof.Powered by Capital Market - Live

Milind Nagnur will cease to be COO & CTO of the bank effective from the close of business hours on 15 February 2025. Kotak Mahindra Bank is the flagship company of the Kotak Group and has diversified operations covering commercial vehicle financing, consumer loans, corporate finance and asset reconstruction. Through its subsidiaries, the bank is engaged in investment banking, equity broking, securities-based lending and car finance. Kotak Mahindra Bank's standalone net profit rose 4.78% to Rs 3,343.72 crore on 17.71% rise in total income to Rs 15,900.46 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live