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Kotak Mahindra Bank thanks to excellent recovery in stock market, Sensex closes at 377 points

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new Delhi. Today, there was a great recovery in the stock market. The biggest reason for this rise is the sharp rise in shares of Kotak Mahindra. Due to this, Kotak Mahindra has become the 7th largest company in the country. It has left ICICI Bank behind. Talking about the data, today the Bombay Stock Exchange’s major index Sensex gained 376.60 points to close at 40522.10 points. While the National Stock Exchange’s leading index Nifty 50 has gained 121.65 points to close at 11889.40 points. BSE Small Cap 90.60 and BSE Mid-Cap have gained 244.09 points. On the other hand, CNX Midcap index of foreign investors has closed with a gain of 212.70 points.

There is a big boom in the bank sector today. Bank exchanges closed at 942.52 points and Bank Nifty gained 676.85 points. BSE Auto 249.86, Capital Goods 290.27, Consumer Durables 258.36 and BSE Healthcare 307.79 points have seen a tremendous increase. On the other hand, BSE IT sector has seen a big drop of 298.48 points. While the tech sector closed down by 117.02 points.

Today, Kotak Mahindra shares witnessed a sharp rise and closed with a gain of 12 per cent. After which Kotak Mahindra has a market cap of Rs 3,13,456.91 crore. Apart from this, Shree Cements shares are up 7 per cent. Nestle India and Asian Paints have seen a gain of 6%. On the other hand, shares of IT companies TCS, Wipro and Infosys have fallen by 2%.

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