KOTAKBANK

Closed at ₹376 — down ₹5.05 (1.33%), finishing as one of the top Nifty losers on the day. The stock has now delivered a negative return of nearly 10% over the past year, and Bank Nifty as a whole is down over 8% in 2026, with Kotak among the private banking names that have shed more than 10% from their recent highs. Today's pressure — same story, different stock: Broad banking selloff, FII outflows, and a weak rupee did the damage. No stock-specific trigger today. But here's the interesting part: Kotak reported Q4 FY26 PAT of ₹4,027 crore and full-year profit of ₹14,008 crore — solid numbers. The bank also recently received RBI approval for a 9.99% stake in South Indian Bank, expanding its southern market reach. Fundamentally, the story hasn't broken. Levels to watch: ₹370 is near-term support. The 52-week low sits at ₹345.50 — that's the floor the market will reference if broader sentiment doesn't stabilise. Resistance at ₹395–400. The gap between business performance and stock price is widening. That either becomes a trap — or an opportunity — depending on when macro headwinds ease.