Bank Nifty Declines for 2nd Day; PSU Banks Fall 1.4%: Investor Action?

• The Nifty Bank index extended its decline for the second consecutive session, with the Nifty PSU Bank index falling 1.4%.
• Yes Bank, IndusInd Bank, and Federal Bank were among the top losers, dropping over 3-4%.
• AU Small Finance Bank, Canara Bank, PNB, and Bank of Baroda also saw declines of more than 2%.
• HDFC Bank, Kotak Mahindra Bank, and SBI shares bucked the trend, trading with marginal gains.
• Technical analysis suggests 59,200–58,900 as strong support, while 60,000 acts as a key resistance level for Bank Nifty.

Why It Matters: Bank Nifty sees a second day of decline, particularly in PSU banks, while technicals point to key support and resistance levels.