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Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 354143.04 Crore).

“ Illogic and irrationality is present in the market despite the correction and in that kind of portfolio with that kind of investors. I think the bear market has just begun. There is still more downside over there and so this will be the market of stock pickers. If you are a smart and rational investor, you will be able to build a portfolio of good companies which are going to be available at decent valuations and make money.”

“Logistics is core and essential to the economy and within that, we are a tech enabled play. It is fairly straightforward and so rather than labelling us as a consumer tech business, the right view of Delhivery would be a tech-enabled company serving a very large fragmented quintessential industry within the economy. We are quite different in that sense.”

The spot prices of gold have remained below Rs 51,000 mark for three straight sessions, whereas silver continues to settle below Rs 63,000 in the same period.

Barring the dollar-pegged USD Coin, all major crypto tokens were bleeding sharply. Avalanche plunged 15 per cent, followed by a drop of 12 per cent each in Solana and Cardano. Dogecoin, Shiba Inu and Ethereum plunged 7 per cent each.

The BSE market capitalisation slipped Rs 4.8 lakh crore to Rs 254.83 lakh crore from Rs 259.64 lakh crore a day ago. About 2,320 stocks on the bourse were down, 447 up and 76 were unchanged.

Revenue from operations, however, rose to Rs 6,585 crore during the period under review, as against Rs 6,132 crore a year ago, TVS Motor Company said in a regulatory filing.

The air conditioning and engineering services company reported a 23.46 per cent decline in its consolidated net profit to Rs 182.71 crore in the fourth quarter ended March 2022, compared to Rs 238.72 crore in the same quarter previous year.

The partially convertible rupee opened at 76.54/$1 as against 76.26/$1 at the previous close. The Indian currency, which was last at 76.71/$1, moved in a band of 76.51-76.80/$1 so far in the day. The yield on India’s 10-year benchmark government bond was last trading 4 basis points higher at 7.44 per cent. Bond prices fall when yields rise.

Ceat’s stock fell to a low of Rs 1,027.50 as against its previous close of Rs 1,090.25 on the BSE.