Bank Shares Snap 3-Day Decline; Kotak Mahindra, HDFC Bank Lead Gains

• Banking shares ended a three-day losing streak, with the Nifty Bank index rising 0.4%.
• Kotak Mahindra Bank led gains, advancing over 2%, followed by HDFC Bank and Canara Bank.
• Technical analysis suggests Bank Nifty support at 58,900–58,800 and a hurdle at 59,400–59,500.
• Broader markets (Sensex, Nifty) also recovered, boosted by banking, auto, metal stocks, and a US Federal Reserve rate cut.

Why It Matters: This signals potential market recovery and investment opportunities in banking.