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Shares of Bandhan Bank rose 9% today.

Shares of Bandhan Bank rose over 9 per cent in the Friday trading session after the Reserve Bank of India (RBI) approved the appointment of Partha Pratim Senagupta as MD & CEO of the private lender. The company made the announcement via an exchange filing after market hours on Wednesday.  The RBI has earlier granted permission to Partha Pratim Sengupta to appoint him as Managing Director and Chief Executive Officer of the bank for three years from the date of his assumption of office, not later than November 10, 2024, the lender said in its exchange filing. Partha Pratim Sengupta is an experienced banker with nearly four decades of experience in the banking industry. He has worked in a variety of settings, in retail and corporate banking. He has also served as deputy director and chief credit officer of the bank’s State Bank of India (SBI). He then took up the post of Managing Director & CEO of Indian Foreign Bank. Shares of Bandhan Bank Ltd rose 9.15% to Rs 204.90 on Frida...

MARKET ANALYSIS 11 OCT 2024

  The market is waiting for a trigger to break the range, and we need to keep our eyes on the following levels for today's play.  Bank nifty looks better than nifty.  Any short covering can lead to an upside only.  Bank Nifty.  Support 51,100 – 51,150  Secondary 50,600 Resistance. 51,600 – 51,650.  Major: 52,000 – 52,100 Nifty.  Support.  24,990 – 25,020  Secondary24,850 Resistance.  25,120 – 25,150 | Major: 25,250 – 25,300 Let’s see how intraday things develop now.