Nifty Bank, which is near its 52-week high, was trading above 7 out of 8 SMAs. The index has to hold above 41,000 zones for an up move towards 41,250 and 41,500 zones, whereas supports are placed at 40,500 and 40,250 zones.
A little unfortunate is that our growth rate in this quarter will be flattish. We are coming out of low growth and this year, full
Public sector banks were among the biggest losers, with Bank of India, Union Bank of India, Indian Bank, and Bank of Baroda dropping nearly 4%.
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