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Consolidation continues in banking stocks; Nifty Bank support placed at 49K: Experts

The Nifty Bank witnessed selling pressure around its critical resistance level of 49,500, but it managed to hold on to 49,000-49,200.

Nifty Bank pares gains after hitting record highs; use dips to buy: Experts

IndusInd Bank, Bandhan Bank, PNB, and Bank of Baroda were among the top gainers while selling was seen in SBI, HDFC Bank, ICICI Bank, and Kotak Bank. The banking index witnessed some profit booking towards the close of the trade after hitting fresh record highs.

6 bank stocks clock negative returns in 2024 so far despite Nifty Bank s new peak

nifty bank today: Nifty Bank fails to close above 48K; use dips as buying opportunity: Experts

IDFC First Bank, ICICI Bank, SBI, and Bandhan Bank were among the top gainers while selling was seen in PNB, IndusInd Bank, HDFC Bank, and Bank of Baroda. The bank index is facing some pressure around 48,000 but experts suggest that the trend is still on the upside. Hence, traders can use dips to go long.

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