The Nifty Bank surges over 500 points as the index extends gains.
\n\nThe shares of Avanti Feeds surged past 8% higher at intraday trade today. The stock was the second highest gainer on the Nifty 500 index as per the time of writing.
\n\nShares of State Bank of India (SBI) were trading up as much as 2% today, amid positive brokerage commentary following the bank’s US investor roadshow, where management outlined its growth priorities, loan expansion strategy and profitability targets.
\n\nCLSA maintained its ‘Outperform’ rating on SBI with a price target of ₹1,325, while Goldman Sachs retained its ‘Buy’ recommendation with a target price of ₹1,130.
\n\nAccording to CLSA’s takeaways from the US roadshow, SBI management expressed optimism about the broader banking sector and the bank’s own growth prospects.
\n\nPrevious Session Maximum positions: 25,400 Call
\n\n25,350 is the most active call option 25,300 is the most active put option PCR 1.10 from 1.00 in the previous session PCR Rises From Previous Hour Hints At A Relatively Bullish Market
\n\nThese stocks are the top gainers on the Nifty Financial Service Index at intraday trade today:
\n\nChandan Taparia, Head Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd
\n\nLTM To Offer…
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