The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential declines toward 22,900–22,600. On the upside, the 24,500–25,000 range serves as a strong resistance, with the 25,000 level having significant call option open interest, making it unlikely to be breached soon.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs