On Friday, Nifty Bank opened slightly higher but came under early selling pressure before staging a sharp recovery to close at the day’s high. The index opened at 57,812.90, touched an intraday low of 57,320.80 and climbed to a high of 59,086.00, where it settled, gaining 1,312.35 points, or 2.27%. The session formed a long bullish candle with no upper shadow, resembling a marubozu, indicating strong buying conviction. The rally also propelled the index decisively above its June–July peak near 58,600. ICICI Bank (+4.75%), HDFC Bank (+3.72%), Axis Bank (+3.35%) and Yes Bank (+5.91%) led the gains. On the other hand, AU Small Finance Bank (-0.98%), IDFC First Bank (-0.60%) and Union Bank (-0.53%) were among the notable laggards.
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