Kotak Mahindra reverse gains after bank makes clear on Buffett’s stake buy report

Shares of Kotak Mahindra Bank reverse gains during the afternoon session, Friday. The Bank has clarified that it is not aware of any plans by Berkshire Hathaway to buy stake in the bank.

Kotak Mahindra Bank said in a statement on the stock exchanges that it has nothing to report to the exchanges on the news item that appeared on CNBC TV18.

Shares of Kotak Mahindra Bank Limited is currently trading at Rs 1,255.55 up by 6.38 on the NSE at 2.57 pm. At the same time on BSE, its share price quoted at Rs. 1259.70 up by 6.62 percent. Meantime, Sensex trade higher at 35621-levels up 309 points and NSE Nifty50 trade at 10667-levels up by 66 points.