Kotak Bank drops 6%, Nifty wobbles as India lags on US deal
Indian markets opened weak as Nifty hovered below 24,800 amid worries over India missing a US trade deal. Kotak Bank slumped 6% on a Q1 miss, dragging private banks. Analysts flagged 25,020 as key resistance, advising caution. While realty and tech fell, pharma and FMCG saw some buying. Retail sentiment stayed 'bearish'.