Domestic stock indices extended gains for the second straight session on Wednesday. Weakness in banking and financials weighed, as gains were largely capped.  The BSE Sensex rose 92.47 points, or 0.14 per cent, to end at 66,023.24. The NSE Nifty advanced 28.45 points, or 0.14 per cent, to end the day at 19,811.85.
Bandhan Bank has demonstrated a bearish sentiment as it gave breakdown from its rising trendline on the daily chart. It is currently trading below all its key moving averages (20, 50, 100 and 200-day SMA) accompanied by persistently lower daily RSI relative to its reference line. A formation of lower high-lows on the daily chart signals a continuation of weakness, emphasising a bearish outlook. Recoveries should be utilised for selling opportunities.Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

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