How Can India-Canada Tensions Impact Kotak Mahindra Bank & Zomato Shares?

Shailendra Bhatnagar, Chief Analyst and Editor, Markets, Business Today TV, explains the potential impact of India-Canada tensions on Kotak Mahindra Bank and Zomato shares, focusing on the role of Canadian pension funds. In March 2024, Canadian pension funds held 3.4 crore shares in Kotak Mahindra Bank, accounting for a 2.68% stake, which dropped to 1.65% by June 2024. This reduction has contributed to stock price movements. In September 2021, the fund held over 6%, highlighting an accelerating sell-off. Similarly, FIIs have reduced their stake since 2021. The pension fund also holds 10.4 crore shares in Zomato. Watch the full video for deeper insights into how these tensions are affecting key stocks.