Shares of Kotak Mahindra Bank rose by about 5%: Sensex gained 450 points, Nifty also rose 100 points.

Today, on the first trading day of the week i.e. 6th May, the stock market is witnessing huge growth. Sensex is trading at the level of 74,330 with a rise of 450 points. At the same time, Nifty is also up by 100 points, it is trading at the level of 22,580. Out of 30 Sensex stocks, 28 are showing a rise and 2 are seeing a decline. There is a rise of about 5% in the shares of Kotak Mahindra Bank. A rise of about 5% is being seen in the shares of Kotak Mahindra Bank. At 9:30 am the stock is trading at 1,615 with a rise of 68 points. Actually, Kotak Mahindra Bank on Saturday (May 4) released the results of Q4FY24 i.e. the fourth quarter of financial year 2024. In the January-March quarter, the bank’s net profit increased by 18.22% on annual basis (YoY) to ₹ 4,133.30 crore. The net profit of the bank in the same quarter (Q4FY23) last year was ₹3,496 crore. Whereas in the last quarter (Q3FY24) it was ₹3,005 crore. That means the net profit of the bank has increased by 37.53% on quarterly basis (QoQ). Click to read the full news… Indengine Limited’s IPO will open today. Indengine Limited’s initial public offer i.e. IPO will open today for public subscription. Retail investors will be able to bid for this IPO from May 6 to May 8. On May 13, the company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Click here to read the full news… There was a decline in the market on 3rd May. On the last trading day of the week today i.e. on 3rd May, huge fluctuations were seen in the stock market. During trading, Nifty made an all-time high of 22,794. However, later it came down and closed at the level of 22,475 with a fall of 172 points. At the same time, the Sensex fell 1,217 points from the day’s high of 75,095. It closed at the level of 73,878 with a fall of 732 points. Out of its 30 shares, 24 saw a decline and 6 saw a rise.

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