Wed, Feb 7, 2024 9:55 AM
Kotak Mahindra Bank gains as CCI clears Zurich Insurance to buy 70%!
A Flip by Avya Verma
SBI Cards and Payment Services Ltd. has received a bullish upgrade from two leading brokerages, Nomura and Nuvama, which led to a 1.5 percent increase in the share price on January 6 at Rs 734.05. Both firms have raised their price targets for the stock, citing improving asset quality and the potential for interest rate cuts.
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Hotels and airlines stocks plunged up to 6.4% on Monday after the Indian government confirmed three cases of HMPV in the country bringing back memories of Covid-19 which had brought the sectors to a standstill. Major hospitality stocks like 📌IHCL, 📌Lemon Tree Hotels, 📌Samhi Hotels, 📌EIH and 📌EIH Associated Hotels were down between 6.4% and 5% in the day's trade.
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📈 Domestic benchmark indices closed on a bearish note after the volatile session on 6 January, 2025. 📢 At 3:30 PM, the Sensex tanked by 1,258.12 points or 1.59% at 77,964.99, and the Nifty ended lower by 388.70 points or 1.62% at 23,616.05. 📊Among sectoral indices, PSU Bank (⬇️4%), PSE (⬇️3.58%), and Energy (⬇️3.24%) witnessed considerable selling pressure.
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