Yes, bank shares give up their early gains, but Friday's volume was higher.
YESBANK On Monday, October 13, Yes Bank Ltd. shares gave up early gains, suggesting potential resistance at higher levels. Prior to Monday, the stock had increased in eight of the previous nine trading sessions.
On Monday, Yes Bank reached an intraday high of ₹24.29 before relinquishing those gains. Nevertheless, Monday's trading volume is less than Friday's, when 24 crore shares were exchanged, as opposed to 55 crore on Friday.
In contrast to its 20-day average of 9.6 crore, 55 crore shares of Yes Bank were exchanged last Friday. Of those, 19 crore were designated for delivery, which was more than the average of 4.5 lakh shares sent over a 20-day period.
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