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Kotak Mahindra Bank jumps on management rejig, Poonawall Fincorp gains, IIFL Capital stock soars and more
Kotak Mahindra Bank jumps on management rejig, Poonawall Fincorp gains, IIFL Capital stock soars and more
Written by - Fisdom Research
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March 24, 2025
2 minutes
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Market Snapshot
Benchmark indices Sensex and Nifty extended their winning streak for the sixth consecutive session on Monday.
Both indices surged over 1%, driven by fresh foreign fund inflows and strong buying in banking and oil & gas stocks.
The rally was supported by Foreign Institutional Investors (FIIs) turning net buyers, with purchases worth ₹7,470.36 crore on Friday.
Positive global cues from US and European markets further boosted investor sentiment.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
3.2
NIFTY IT
1.4
NIFTY PRIVATE BANK
2.4
NIFTY AUTO
0.8
NIFTY REALTY
1.5
NIFTY PHARMA
0.7
NIFTY OIL & GAS
1.5
NIFTY METAL
0.6
Top News
Kotak Mahindra Bank jumped over 4% to a 41-month high after announcing key leadership changes, including Bhavnish Lathia as CTO.
Poonawalla Fincorp gained nearly 4% following the launch of an AI-powered underwriting solution with IIT Bombay, though it remains 32% below its 52-week high.
IIFL Capital Services soared 13% after management restructuring, with Nemkumar H shifting to Chief Growth Officer and R. Venkataraman taking over as Managing Director
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
KOTAKBANK
4.9
INDUSINDBK
-2.8
NTPC
4.5
TITAN
-2.7
SBIN
3.7
TRENT
-1.7
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,500
23,800
Bank Nifty
50,500
52,500
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