IndusInd, Kotak & Yes Bank Touch 52-W High

BSE Bankex touched its intraday high of 24293 levels, up by 668 points in the first trading hour on Tuesday. All the bank stocks in the index are trading in positive territory in Tuesday’s trading session. ICICI Bank is at the helm, trading at Rs 283 per share, higher by 5%. The stock is contributing the most to the gains of major indices in the market.

IndusInd Bank, Yes Bank and Kotak Bank touched their fresh 52 week highs of Rs 1371 per share, Rs 1532.7 per share and Rs 851.45 per share respectively. Other Bank stocks like ICICI Bank, Federal Bank, State Bank of India and HDFC Bank are trading close to their 52-week highs.

Bank Nifty traded on its record high of 21274 levels, up by 547 points.  Maximum call writing was seen at the strike prices of 22000 March 16 CE and 21000 March 16 PE. 22000 may be the resistance level; and 21000 may be the support level for Bank Nifty in near term.

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About Suhani Varma

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