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The Nifty Bank witnessed a volatile trading session and now a breakout on either side will dictate the trend. On the higher side, crucial resistance is placed at 49,300, while on the downside, crucial support is placed at 48,400 levels, suggest experts.
SBI and ICICI Bank witnessed some buying while selling pressure was seen in Bank of Baroda, PNB, Bandhan Bank, and Kotak Mahindra Bank which fell over 1% each.
During the day, the banking benchmark scaled a fresh record high of 49,473. ICICI Bank, Axis Bank, and SBI also hit fresh 52-week highs in intraday trade. AU Small Finance Bank closed with gains of over 6%, while ICICI Bank gained more than 4% and SBI ended over 3% higher.