Banking index remained volatile throughout the day and closed lower by half a percent - Religare Broking Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/2bf1207c74ac2eb464d893835fa5d2e7.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
NIFTY
* Nifty witnessed profit booking in the second half and finally settled marginally lower.
* Trend was mixed on the sectoral front wherein auto and energy posted decent gains while realty and media ended in the red.
* Expect some consolidation after recent rally but bias remains positive.
* Maintain caution on Midcap and smallcaps space and prefer index majors over others.
BANKNIFTY
* Banking index remained volatile throughout the day and closed lower by half a percent.
* Barring Indusind bank, most of the private banking majors ended in red. Where in HDFC Bank and Kotak Bank were among the top losers.
* PSU pack inched higher to hit 52 week high and outperformed the private banking majors.
* It found resistance around its previous swing high of 46300 zone. Sustainability above the same would provide further strength.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indiateam57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/munishakhatwal57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/tatapower57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/MP Ahammed.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Fintech Pre-budget expectation.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/uttarpradesh57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Cyberpeace.jpg)