Bank Nifty Nears 61,000 as SBI Shares Soar 7% Post Strong Q3 Results

• Bank Nifty index surged over 1% to 60,876.20, extending gains for the second consecutive session.
• SBI shares rallied 7% to a new 52-week high of Rs 1,143.70 after Q3 results surpassed expectations.
• SBI reported a record quarterly net profit of Rs 21,028.15 crore, up 24.49% YoY, and NII grew 9% to Rs 45,190 crore.
• Other bank stocks like IndusInd Bank, Kotak Mahindra Bank, Yes Bank, and AU Small Finance Bank also saw gains.
• Key resistance levels for Bank Nifty are 60,500, 61,000, and 61,400; 59,800 is a critical support level.