The index still closed below the 50-DMA on the daily charts but the price action suggests that bulls should be in control and push the index towards 46,500-46,750 levels, suggested experts.
The national lender, which is also part of the S&P BSE Sensex, hit a record high of Rs 660 on December 20, 2023, but failed to hold on to the momentum. The stock found support above the neckline of the Ascending Triangle pattern on the weekly charts, which suggests that bulls are here to stay.
Buying was seen in media, PSU banks and realty stocks while Nifty IT ended 1.25% lower. SBI ended 4% higher while TCS, Infosys and Tech Mahindra ended 1-3% lower.
​State Bank of India, the countrys largest lender, has raised $250 million through the issuance of green bonds via private placement facilitated through its London branch.