Top stock movers — Kotak Mahindra Bank, IndusInd Bank, Tata Motors, Nestle India, Tech Mahindra, YES Bank and others

• The 30-share BSE index Sensex was down 150 points, and the NSE Nifty was trading 0.40% lower at 9:55 am.
• Here’s a list of the top losers and gainers in the Nifty pack.
• These are the top stocks that are buzzing in trade today.
• Check out the latest news and updates on Business Insider.

Indian stock market indices opened on a choppy note on Monday, tracking losses in index majors Reliance Industries, ICICI Bank and Tata Steel.

The 30-share BSE index Sensex was down 150 points, and the NSE Nifty was trading 0.40% lower at 9:55 am.

Here’s a list of the top losers and gainers in the Nifty pack.

*as of October 26, 10:15 am

These are the top stocks in news today.

IndusInd Bank soars 3%, Kotak Mahindra Bank trades flat

The shares of IndusInd Bank gained over 3% after the bank refuted media reports claiming that Kotak Mahindra Bank is looking at acquiring the bank. The shares of Kotak Mahindra Bank were also trading flat during the early session on Monday.

Tech Mahindra slips over 2%

The shares of Tech Mahindra shed over 2% after the company reported a 5% year-on-year drop in its profit to ₹1,065 crore for the quarter ended September 30. However, the profit was up 9.5% compared to the sequential quarter. The company generated revenue of ₹9,372 crore, up 3.3% year-on-year.

Nestle India up 3% post Q2 numbers

The shares of Swiss multinational company Nestle’s Indian subsidiary were trading 3% higher after the September quarter result. The company reported a 1.37% year-on-year fall in net profit at ₹587.09 crore for the quarter ended September 30. However, the numbers were better than the street’s expectations.

YES Bank leaps 5%

The shares of YES Bank gained over 5% after the private sector lender reported a net profit of ₹129 crore for the second quarter ended September 30. The bank had posted a net loss of ₹600 crore in the corresponding quarter last year.

RIL, Future Retail fall after Singapore-based arbitration panel decision

The shares of Reliance Industries and Future Retail cracked 2% and 6%, respectively, after a Singapore-based single judge arbitration panel asked Future Group to stall its retail business deal with RIL.

The decision also moved other Future Group stocks such as — Future Lifestyle Fashions trading 8% lower and Future Enterprises down nearly 5%, among others.

Tata Motors shares up 2%

The shares of Tata Motors gained over 2% after the company told investors that it had bagged an order for 6,413 vehicles from Andhra Pradesh State Civil Supplies Corporation. The company said it emerged as the top bidder under the terms and conditions set by the government.

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