Nifty Bank index, which had dropped nearly 1.5 percent over the past three sessions, settled 0.4 percent higher.
The veteran banker blamed foreign institutions selling Indian equities and said for now they 'seem smarter' as local investors continue their buying spree
The market is expected to consolidate further until it gives a convincing close above Monday's high. Below are some short-term trading ideas to consider.
Stocks to Watch, 24 November: Stocks like Tata Consultancy Services, Rail Vikas Nigam, Tata Power Company, HG Infra Engineering, Kalpataru Projects International, Natco Pharma, Lupin, Shilpa Medicare, IDBI Bank, Kotak Mahindra Bank, Tata Chemicals, Samavardhana Motherson International, and RNIT AI Solutions will be in focus on November 24.
The Centre has previously said that it is looking to finalise the IDBI Bank privatisation by the end of the 2026 fiscal.
Kotak Mahindra Bank said it seeks to make its shares more affordable and boost participation from retail investors.
However, the restriction on rural branches continues, meaning only branches in areas with a population above 10,000 (as per the 2011 Census) can offer the scheme.
Kotak Mahindra Bank share gained 1.1% to Rs 2,103.10 on the NSE. It has advanced for two consecutive sessions.
The manner of the proposed split will be decided by the board, the company said.
Analysts attribute Yes Bank’s weak earnings and rising retail stress as reasons for negative investor sentiment
ICICI Securities is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2650 in its research report dated October 26, 2025.
Deven Choksey recommended accumulate rating on Kotak Mahindra Bank with a target price of Rs 2362 in its research report dated October 27, 2025.
Motilal Oswal is bullish on Kotak Mahindra Bank recommended buy rating on the stock with a target price of Rs 2500 in its research report dated October 25, 2025.
Prabhudas Lilladher is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2480 in its research report dated October 26, 2025.
With the economy looking up, the bank seems ready to ride the upcycle
Stocks to Watch, 27 October: Stocks like Kotak Mahindra Bank, Dr Reddy's Laboratories, SBI Life Insurance Company, Coforge, eClerx Services, Zydus Lifesciences, TGV Sraac, NCC,GPT Infraprojects, Epack Prefab Technologies, Vikran Engineering, RailTel Corporation of India, and Indian Oil Corporation will be in focus on October 27.
In the July-September quarter, advances of Commercial Vehicles and Commercial Equipment grew just 2 percent quarter-on-quarter to Rs 43,676 crore, while on a year-on-year basis, this segment grew 12 percent.
The divestment of IDBI Bank was announced in February 2021. However, the process was formally kick started on October 7, 2022, when DIPAM invited Expressions of Interest (EoI) for strategic divestment of IDBI Bank.
Net Advances increased 16 percent YoY to Rs 462,688 crore as at September 30, 2025 from Rs 399,522 crore as at September 30, 2024.
Stocks to Watch, 24 October: Stocks like Colgate Palmolive, Sagar Cements, Kaynes Technology, Syrma SGS Technology, Premier Energies,Hero Motocorp, AGI Infra, Kotak Mahindra Bank, Hexaware Technologies, Highway Infrastructure, Shilchar Technologies, EPack Prefab Technologies, and Midwest will be in focus on October 24.
Stocks to Watch, 13 October: Stocks like Avenue Supermarts, Waaree Renewable Technologies, Signature Global India, Phoenix Mills, Lupin, Mahindra Lifespace Developers, Hindustan Construction Company, Travel Food Services, NTPC Green Energy, Zen Technologies, Axis Bank, Computer Age Management Services,and Tata Capital will be in focus on October 13.
Kotak Mahindra Bank and HDFC Bank reported loan disbursal growth of 15% and 10%, respectively, for the September quarter.
Stocks to Watch, 06 October: Stocks like HDFC Bank, Bajaj Finance, IndusInd Bank, Aditya Birla Lifestyle Brands, Lupin, Infosys, Ceigall India, Sobha, Kotak Mahindra Bank, Pace Digitek, Yes Bank, Ujjivan Small Finance Bank, and Canara Bank will be in focus on October 06.
Overall, the daily and weekly timeframe trend continue to be in a sideways band Nifty 50. There is no clear direction as far as Nifty is concerned, said Rahul Ghose of Hedged.
While the top 3 private lenders HDFC Bank, ICICI Bank, and Axis Bank have stayed steady for over a decade, most of the action in the pecking order has been in the mid-tier where banks have swapped ranks in a tight contest