GENERAL17 Sept 2026
Nifty Bank fails to hold ground after US Fed rate hike; HDFC, Yes Bank, ICICI among top laggards; Will they turn tide? | Stock Market News
Bank stocks gave up early gains on Thursday after the US Fed raised rates by a quarter point. Nifty Bank traded marginally lower at 11 am, with five stocks up and nine down. HDFC Bank, Yes Bank and ICICI Bank were top laggards. HDFC Bank sits near support, while Yes Bank and ICICI Bank face selling pressure near resistance. Wait for confirmation before buying.
Key Statutory Highlights
- Nifty Bank opened higher but lost its early gains and was trading marginally lower at 56,291.85 points at 11 am.
- HDFC Bank fell 0.89% to ₹715.10, close to a support zone, while Yes Bank dropped 1.67% to ₹23.02 near a resistance zone.
- ICICI Bank slipped 0.54% to ₹1,351.5, and its sell-off near resistance came with above-average volume.
Actionable Advice for Taxpayers / Founders:If you hold or plan to buy these bank stocks, wait for a clear price confirmation before acting, and take your own advisor's view based on your risk appetite.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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