“We believe any stock run-up attributed to this news flow should come off,” said brokerage Emkay Global’s analysts Anand Dama, Kunaal N, and Marazbaan Dastur in a client note. “This raised hopes for the replacement… with a pedigreed external candidate from a large bank as MD.”
Market Trading Guide: Tata Steel and Uno Minda are stock recommendations for Monday
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30