Bank Shares Climb 3rd Day, Rebound 1% Intraday; IDFC First, Canara Bank Lead Gains

• Bank shares extended gains for a third straight day, recovering nearly 1% intraday.
• The Bank Nifty rebounded about 400 points from its intraday low, closing up 0.12% at 59,462.
• IDFC First Bank led the rally, climbing around 2%, followed by Federal Bank and Canara Bank.
• Ten of the twelve Bank Nifty constituents traded higher, contributing to the index's over 1% rise in three sessions.
• Technical analysis indicates Bank Nifty found strong support near its 20-day EMA, with immediate resistance at 59,500–59,600.

Why It Matters: Bank share rally suggests market stability and investment potential.