OICHARTS
8 AMThe 8 AM report →
BankingEnergyMedium impactAfter close

Kotak Bank CEO to step down; Torrent, Persistent announce deals

Kotak Mahindra Bank's CEO Ashok Vaswani will not seek reappointment after 31 Dec 2026, prompting a leadership transition. Torrent Power completed a ₹3,632.35 cr acquisition of Nabha Power, while Persistent Systems acquired a 21% stake in Nagarro SE.

after close1 source ↓written by the desknot a recommendation

term ends
31 Dec 2026
₹3,632.35 cr
acquired
21% stake

On 29 June, Kotak Mahindra Bank announced that its CEO, Ashok Vaswani, will not seek reappointment after his term ends on 31 Dec 2026. This leadership change raises concerns about future strategies in the banking sector.

In other news, Torrent Power completed the acquisition of Nabha Power for ₹3,632.35 cr, while Persistent Systems acquired a 21% stake in Nagarro SE. These moves indicate active consolidation in the energy and tech sectors.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 29 Jun 2026, 16:01 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

KOTAKBANK closed −0.8% on the day of the news, from ₹395.50 to ₹392.25; Nifty −0.3% over the same session; futures OI +1.9%.

Bulletin at 16:01 IST on 29 Jun 2026. Every change is measured from ₹395.50, the last close before it, on 29 Jun. Nifty 50 is measured over the same sessions.

  • KOTAKBANK close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
KOTAKBANK closes around the bulletin against the close before the news, with Nifty 50 rebased to it359.43395.50431.57axis spans 20%before the news · 29 Jun395.50Nifty 50KOTAKBANKbulletinD0+1+3+522 Jun3 Jul14 JulFutures open interest, lotspeak 1.1 LReference close ₹395.50. 16 sessions from 22 Jun to 14 Jul; the price axis spans 20 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before29 Jun₹395.50basebase
On the day30 Jun₹392.25▼ −0.8%▼ −0.3%−0.5 pp difference
+1 session1 Jul₹400.45▲ +1.3%▲ +0.3%+1.0 pp difference
+3 sessions3 Jul₹396.75▲ +0.3%▲ +1.4%−1.0 pp difference
+5 sessions7 Jul₹381.70▼ −3.5%▲ +1.9%−5.4 pp difference
Gap at the open, % · ₹
0.0%0.00 on 30 Jun
Day's range, % · ₹
1.8%≈ 7.1 high to low
Volume on the day
1.69×the 20-session average
Futures OI on the day
▲ +1.9%+1,900 lots · short build-up · price −0.8%
Futures OI open, lots
99,00030 Jun · 30 Jun expiry
Futures premium, ₹
+0.50+0.1% to spot
Puts per call, by OI
0.89from 0.85 the session before
Max pain
393from 395 the session before

Source NSE UDiFF bhavcopy · KOTAKBANK on the desk →

Thread · KOTAKBANKAll KOTAKBANK bulletins →

Related