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Nifty Bank tests 46,000, takes support above 200-DMA; HDFC Bank hits 52-week low
HDFC Bank hit a 52-week low of Rs 1363.45 on Wednesday. It has fallen over 19% so far in 2024. The private banking stock, which is also part of the Nifty50, witnessed a steady decline after disappointing earnings for the December 2023 quarter that triggered downgrades by brokerage firms.