“Federal Bank, post its quarterly results, has broken out of its resistance zone placed at Rs 130 levels. It can be observed from the quarterly charts that the stock in the last quarter gave the highest quarterly closing in the past 5 years and is a clear outperformer in the banking space,” Sujit Deodhar, Head – Technical Analyst, Wellworth Share & Stock Broking, said.
US stocks: Nasdaq, S&P end lower in volatile session as tech stocks retreat
Tech stocks pulled down the Nasdaq and S&P 500 due to valuation worries and concerns over AI spending, falling crude prices bolstered airlines and travel