Kotak Mahindra Bank Shares Fall 7.5% After Q1 Miss, Bajaj Finance and Bharti Airtel Also Weigh on Nifty, Sensex Amid Trade Deal Delay

Kotak Mahindra Bank shares fell nearly 7.5% on Monday, marking their largest decline in over three months after the private sector lender reported disappointing first-quarter results that missed estimates. The bank's rising credit costs raised concerns about asset quality among investors. This decline contributed to a broader sell-off in India's financial and IT sectors, with other major drags including Bajaj Finance, which fell 3.64%, and Bharti Airtel, down 2.35%. The negative sentiment around Kotak Mahindra Bank also weighed on key market indices such as the Nifty and Sensex, which traded near their lows for the day. Additionally, sectors like realty and media experienced notable declines, with the NSE Realty Index falling. The market was further pressured by delays in a trade deal, compounding the cautious investor outlook.