Sensex, Nifty consolidate; Kotak Bank up 2% post Q4 results

Epic Update Kotak Mahindra BankEpic Update Kotak Mahindra Bank

Benchmark indices were trading almost flat, but in the green zone, ahead of the crucial expiry in April series of derivative contracts.

The 30-share Sensex was up 8.62 points at 30141.97, while the Nifty was up 9.35 points at 9361.20. The market breadth was negative as 1,317 shares advanced against a decline of 1,429 shares, while 153 shares were unchanged.

Tata Motors, HDFC Bank and Yes Bank were among top gainers on both the indices, while Axis Bank, Tata Steel and Aurobindo Pharma lost the most.

Shares of Kotak Mahindra Bank rose nearly 2 percent intraday after the bank reported better-than-expected rise in net profit and net interest income.

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