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Yes Bank to Up Share Capital Base by 37%

Private sector lender Yes Bank has announced raising its authorized share-capital base by 37 per cent to Rs 1,100 crore as part of the broader objective to garner more funds from investors, thus helping enhance its lending corpus to drive loan growth.
The board of the Mumbai-based lender also delegated powers to chief executive Ravneet Gill to negotiate future fund-raising with prospective investors. The announcements made to stock exchanges late Friday, however, did not specify the amount of capital the bank was planning to immediately raise.
Yes Bank shares were the biggest gainers on the benchmark Nifty on Friday, climbing 4.44 per cent to Rs 59.95 apiece on the National Stock Exchange. The broader index climbed 0.68 per cent. Announcements on the fund-raising measures came after trading ended in Mumbai.
Earlier this month, Yes Bank raised Rs 1,930 crore through a qualified institutional placement (QIP). After its latest round of fund-raising, Yes Bank’s core Tier I Capital ratio improved to 8.55-8.60 per cent from 8 per cent reported in June 2019, giving the bank sufficient headroom over the mandatory 8 per cent Tier I capital base it is required to maintain by March 2020.
Read EquityPandit’s Nifty Bank Outlook for the Week

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BANKNIFTYINDEX OUTLOOKMARKET OUTLOOK

NIFTY BANK Outlook for the Week (June 03, 2024 – June 07, 2024)

CRON USER
NIFTY BANK
NIFTY BANK closed the previous week on a negative note losing 2.77%.

Technically, NIFTY BANK share price will see immediate support at 48,302.08 and immediate resistance would be seen at 49,677.33.

If NIFTY BANK share price closes below immediate support of 48,302.08, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 47,620.22 for the week.

50000.0050000.0049500.0049500.0049000.0049000.0048500.0048500.0048000.0048000.0047500.0047500.0047000.0047000.0046500.0046500.00Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8May 13May 13May 16May 16May 21May 21May 24May 24May 29May 29Reversal Level 49290.46BuyBuySellSell

On the positive side, immediate resistance will be seen at 49,677.33. Closing above 49,677.33, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 50,370.72 for the week.

Trading range for NIFTY BANK share price for this week should be between 46,926.83 on down side and 51,052.58 on up side.

NIFTY BANK Previous Week High: 49688.85

NIFTY BANK Previous Week Low: 48313.6

NIFTY BANK Previous Week Range: 1375.25 Points

NIFTY BANK share price support and resistance for the week (June 03, 2024 – June 07, 2024)

Level Type Value
Resistance 3 51,052.58
Resistance 2 50,370.72
Resistance 1 49,677.33
Support 1 48,302.08
Support 2 47,620.22
Support 3 46,926.83
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BANKNIFTYINDEX OUTLOOKMARKET OUTLOOK

NIFTY BANK Outlook for the Week (May 27, 2024 – May 31, 2024)

CRON USER
NIFTY BANK
NIFTY BANK closed the previous week on a negative note losing 3.30%.

Technically, NIFTY BANK share price will see immediate support at 47,920.28 and immediate resistance would be seen at 49,537.98.

If NIFTY BANK share price closes below immediate support of 47,920.28, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 46,868.92 for the week.

50000.0050000.0049500.0049500.0049000.0049000.0048500.0048500.0048000.0048000.0047500.0047500.0047000.0047000.0046500.0046500.00Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30May 6May 6May 9May 9May 14May 14May 17May 17May 22May 22Reversal Level 48272.26BuyBuySellSell

On the positive side, immediate resistance will be seen at 49,537.98. Closing above 49,537.98, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 50,104.32 for the week.

Trading range for NIFTY BANK share price for this week should be between 46,302.58 on down side and 51,155.68 on up side.

NIFTY BANK Previous Week High: 49052.95

NIFTY BANK Previous Week Low: 47435.25

NIFTY BANK Previous Week Range: 1617.7 Points

NIFTY BANK share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type Value
Resistance 3 51,155.68
Resistance 2 50,104.32
Resistance 1 49,537.98
Support 1 47,920.28
Support 2 46,868.92
Support 3 46,302.58
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BANKNIFTYINDEX OUTLOOKMARKET OUTLOOK

NIFTY BANK Outlook for the Week (May 20, 2024 – May 24, 2024)

CRON USER
NIFTY BANK
NIFTY BANK closed the previous week on a negative note losing 2.50%.

Technically, NIFTY BANK share price will see immediate support at 47,336.38 and immediate resistance would be seen at 48,541.78.

If NIFTY BANK share price closes below immediate support of 47,336.38, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 46,557.12 for the week.

50000.0050000.0049500.0049500.0049000.0049000.0048500.0048500.0048000.0048000.0047500.0047500.0047000.0047000.0046500.0046500.00Apr 3Apr 3Apr 8Apr 8Apr 12Apr 12Apr 18Apr 18Apr 23Apr 23Apr 26Apr 26May 2May 2May 7May 7May 10May 10May 15May 15Reversal Level 47371.28BuySellSell

On the positive side, immediate resistance will be seen at 48,541.78. Closing above 48,541.78, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 48,967.92 for the week.

Trading range for NIFTY BANK share price for this week should be between 46,130.98 on down side and 49,747.18 on up side.

NIFTY BANK Previous Week High: 48188.65

NIFTY BANK Previous Week Low: 46983.25

NIFTY BANK Previous Week Range: 1205.4 Points

NIFTY BANK share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 49,747.18
Resistance 2 48,967.92
Resistance 1 48,541.78
Support 1 47,336.38
Support 2 46,557.12
Support 3 46,130.98
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BANKNIFTYINDEX OUTLOOKMARKET OUTLOOK

NIFTY BANK Outlook for the Week (May 13, 2024 – May 17, 2024)

CRON USER
NIFTY BANK
NIFTY BANK closed the previous week on a negative note losing 3.94%.

Technically, NIFTY BANK share price will see immediate support at 46,738.75 and immediate resistance would be seen at 48,678.05.

If NIFTY BANK share price closes below immediate support of 46,738.75, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 46,056.40 for the week.

50000.0050000.0049500.0049500.0049000.0049000.0048500.0048500.0048000.0048000.0047500.0047500.0047000.0047000.0046500.0046500.00Mar 26Mar 26Apr 1Apr 1Apr 4Apr 4Apr 9Apr 9Apr 15Apr 15Apr 19Apr 19Apr 24Apr 24Apr 29Apr 29May 3May 3May 8May 8Reversal Level 48243.27BuyBuySellSell

On the positive side, immediate resistance will be seen at 48,678.05. Closing above 48,678.05, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 49,935.00 for the week.

Trading range for NIFTY BANK share price for this week should be between 44,799.45 on down side and 50,617.35 on up side.

NIFTY BANK Previous Week High: 49252.65

NIFTY BANK Previous Week Low: 47313.35

NIFTY BANK Previous Week Range: 1939.3 Points

NIFTY BANK share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 50,617.35
Resistance 2 49,935.00
Resistance 1 48,678.05
Support 1 46,738.75
Support 2 46,056.40
Support 3 44,799.45
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BANKNIFTYINDEX OUTLOOKMARKET OUTLOOK

NIFTY BANK Outlook for the Week (May 06, 2024 – May 10, 2024)

CRON USER
NIFTY BANK
NIFTY BANK closed the previous week on a negative note losing 3.27%.

Technically, NIFTY BANK share price will see immediate support at 48,185.92 and immediate resistance would be seen at 49,817.97.

If NIFTY BANK share price closes below immediate support of 48,185.92, then sharp breakdown can be seen. NIFTY BANK share price will see major support at 47,448.28 for the week.

50000.0050000.0049500.0049500.0049000.0049000.0048500.0048500.0048000.0048000.0047500.0047500.0047000.0047000.0046500.0046500.0046000.0046000.0045500.0045500.00Mar 18Mar 18Mar 21Mar 21Mar 27Mar 27Apr 2Apr 2Apr 5Apr 5Apr 10Apr 10Apr 16Apr 16Apr 22Apr 22Apr 25Apr 25Apr 30Apr 30Reversal Level 49811.17BuyBuySellSell

On the positive side, immediate resistance will be seen at 49,817.97. Closing above 49,817.97, NIFTY BANK share price will see a sharp breakout. Major resistance for NIFTY BANK share price will be seen at 50,712.38 for the week.

Trading range for NIFTY BANK share price for this week should be between 46,553.87 on down side and 51,450.02 on up side.

NIFTY BANK Previous Week High: 49974.75

NIFTY BANK Previous Week Low: 48342.7

NIFTY BANK Previous Week Range: 1632.05 Points

NIFTY BANK share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 51,450.02
Resistance 2 50,712.38
Resistance 1 49,817.97
Support 1 48,185.92
Support 2 47,448.28
Support 3 46,553.87
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