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Federal Bank, PNB, AU Small Finance Bank, and Bank of Baroda witnessed buying while selling pressure was seen in SBI, HDFC Bank, ICICI Bank, IndusInd Bank, and Axis Bank.
The next crucial support level stands at 22370. On the upside 22620 – 22650 shall act as an immediate hurdle from short term perspective, says Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
The stock has turned multibagger by rallying 257.17 per cent in the past one year. It has outperformed sub-index Nifty Realty's 128.70 per cent jump in a year.
The recent uptick has been on account of slippages in the dollar index (DXY) which has declined by 1.30% over the last one month. Today it was hovering near the 104.13 mark, up by 0.02 or 0.02%.
Nifty Bank also opened on a positive note and extended the gains as the day progress and crossed 49,000 level for the first time.