Nifty Bank pares gains after hitting record highs; use dips to buy: Experts

The Nifty Bank hit a fresh record high of 49,974 on Tuesday but pared gains in the last 1 hour of trade. The index fell 27 points to close at 49,396.The Nifty50 also hit a fresh record high in intraday trade but closed marginally in the red.IndusInd Bank, Bandhan Bank, PNB, and Bank of Baroda were among the top gainers while selling was seen in SBI, HDFC Bank, ICICI Bank, and Kotak Bank.The banking index witnessed some profit booking towards the close of the trade after hitting fresh record highs. Traders can use dips to buy as the momentum remains strong, suggested experts.”The Bank Nifty witnessed a volatile trading session during the expiry day, with bulls dominating the first half…
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Source: https://m.economictimes.com/markets/options/nifty-bank-pares-gains-after-hitting-record-highs-use-dips-to-buy-experts/amp_articleshow/109731631.cms