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The board of directors at their meeting on Friday appointed Vaswani as a Director and Managing Director and CEO and a Key Managerial Personnel of the bank, for a period of three years with effect from January 1, 2024, Kotak Mahindra Bank said in a regulatory filing

Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. U.S. large cap stocks also clocked their largest inflow since February 2022, with $23.7 billion

On the technical charts, the 200-day moving average of the stock stood at Rs 466.83.

However, during this decline, 6 Nifty50 stocks managed to hit new all-time highs.

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The RBI’s announcement on consumer loans weighed on financials and the weakness could continue in the coming week as well. The crucial support for the index on the downside is placed at 43,300 level while a breach of the same could push the index towards 42000, suggested experts.

"The best is behind for the likes of PVR in terms of occupancy because the occupancy in the second quarter was around 32%, which was in line with pre-Covid levels. If you look at Q3, we will see a decline in terms of occupancy because for now, we have not seen any film do well, Tiger 3 has reported an inline performance and Dunki will only come towards the end of December. We have got other films like Animal and a couple of more releases, but I do not see occupancy levels moving beyond 26-27%. "

From the Sensex pack, SBI and Axis Bank were the top laggards, falling over 3% each. Bajaj Finance, ICICI Bank, Bajaj Finserv, and IndusInd Bank also ended with cuts. On the other hand, L&T, HUL, Power Grid, and Asian Paints closed with gains.

“Sensible value will be emerging where you have some disappointments which might come up in the next couple of quarters. Tech is one space where there has been some disappointment but there will still be some challenges as we get along and there already we have seen one leg of valuation correction of 30%-40% especially in the largecap side.”

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