The Nifty Bank fell more than 1% for the week ended 22 December 2023, tracking the mixed trends seen in Indian markets amid a rise in Covid cases, profit booking at higher levels, and geopolitical concerns. The Nifty Bank fell from 48,143 as on 15th December 2023 to 47,491 recorded on 22 December 2023, which … Read more
Nifty Bank on Tuesday ended 217 points lower but closed above 47,000 level ahead of the US CPI data on Tuesday and Fed meeting outcome on Wednesday as profit booking, which began in the previous trading session, continued. The index encountered resistance at higher levels, facing selling pressure and struggling to breach the 47,500 mark. … Read more
The Nifty Bank closed in the green for the third consecutive day in a row on Tuesday supported by strong global cues. The index rose nearly 600 points to close at 47,012. It hit a fresh record high of 47,230 on Tuesday. The Nifty50 index climbed 20,800 levels to hit a fresh record high. Top … Read more
The Nifty Bank index underperformed benchmark indices on Wednesday but managed to recoup some losses as it bounced back after retesting 200-DMA on the daily charts. The index closed 239 points lower at 43,449. It fell to an intraday low of 43,230 and reported an intraday high of 43,692. The Nifty50 index rose 28 points … Read more
Nifty Bank closed lower for the second day in a row on Friday. The index fell over 500 points to close below the 44000 mark, weighed down by the Reserve Bank of India’s (RBI’s) announcement of tightening provisions for consumer loans. Nifty Bank index fell 1.3% to close at 43,583 on Friday pulled down by … Read more
Nifty Bank began Thursday with a gap-up opening of 300 points and continued in the positive territory for the entire day. It outperformed the broader market and was headed towards 40,250 zone to close with a gain of around 750 points. The index, which has been outperforming the benchmark index Nifty, surpassed the levels of … Read more