Live: Sensex Down Over 550 Points; Kotak Bank Files Petition Against RBI
BQ Live
Kotak Bank Falls Most In Over A Month On Filing Writ Petition Against RBI
Shares of the Uday Kotak-led private sector lender fell as much as 4.48 percent, the most in over a month, to Rs 1,222.35 after it filed a writ petition in Bombay High Court against Reserve Bank of India's decision on preference shares, Kotak Mahindra Bank said in an exchange notification.
Kotak Mahindra Bank's petition is to validate its position on reducing promoter shareholding in the bank by way of selling Perpetual Non-Convertible Preference Shares (PNCPS).
Passenger Vehicle Sales Decline 3.4%, Two-Wheeler Sales Rise 7% In November
November auto sales:
- Passenger vehicles: 2.66 lakh vehicles, down 3.4% YoY
- Trucks, buses: 72,812 units, up 5.7% YoY
- Two-wheelers: 16.45 lakh units, up 7.1% YoY
Source: Society of Indian Automobile Manufacturers
All Sensex Stocks Trade Lower; Reliance Industries, HDFC Twins Lead Decline
All 30 Sensex stocks were trading lower. Reliance Industries, HDFC, HDFC Bank, Larsen & Toubro and ICICI Bank collectively contributed over 380 points to fall in the S&P BSE Sensex Index, according to information on BSE's website.
F&O Check: Premium On Nifty 10,500 Put Option Contract Surges 75%
Nifty 10,500 put option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract rose 75 percent to Rs 170.45. Over 1.05 lakh shares were added to the open interest which stood at over 36.50 lakh shares.
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Ashoka Buildcon Surges 7% On Winning Orders Worth Rs 794 Crore
Shares of the Mumbai-based construction company snapped its three-day losing streak and rose as much as 6.69 percent to Rs 127.55 after it won a railway project from Rail Vikas Nigam Limited.
The company bagged a railway project worth Rs 794.20 crore from Rail Vikas Nigam Ltd. for construction of roadbed, bridges in Bihar and Jharkhand, Ashoka Buildcon said in an exchange notification.