Kotak Mahindra Bank Jumps 4% on Strong Q2 Business Update

Markets closed higher for a second straight session today, with the Sensex rising 685.34 points (0.95%) to 73,067.81 and the Nifty gaining 220.35 points (0.98%) to 22,776.10, aided by falling crude oil prices (Brent fell as much as 2.4% to $97.91/barrel) and buying in capital market, chemicals, and defence stocks. 1)

was the standout performer besides Trent, rising 3.82-4% to ₹431.90, after its own Q2 business update showed net advances surging 24.7% YoY to ₹5,77,094 crore (from ₹4,62,688 crore a year earlier) a genuinely strong credit growth number. 2)BSE Ltd also had a strong session, up 3.94%, rounding out the day's top three gainers alongside Trent and Kotak Bank. 3)Nestle India and Hindustan Unilever followed closely, up 3.42% and 3.09% respectively, showing strength spreading into FMCG as well as banking. 4)Quarterly business updates were the common theme driving today's rally. Several companies released Q2 figures that came in largely in line with or ahead of expectations, giving the market concrete reasons to buy rather than relying on sentiment alone. 5)Broader markets outperformed again. Nifty Midcap 100 rose 1.08% and Smallcap 100 gained 1.56%, with names like Motilal Oswal Financial Services (+6.93%), PB Fintech (+6.01%), and Urban Company (+8.47%) posting even sharper gains.