Notably, the index found support near its 50-DMA and rebounded convincingly from this key technical level, indicating improving market sentiment. As a result, Nifty Bank snapped its four-day losing streak and concluded the day on a positive note. The index opened at 58,885.95, touched an intraday high of 59,272.70 and a low of 58,737.60, before settling at 59,171.25, registering a 0.41% gain for the day.
