A close above 50,000 could fuel short covering in Nifty Bank: Experts

The Nifty Bank could recover losses on Tuesday, breaching the 49,700 mark. If it succeeds to settle above 50,000, there might be chances of a short covering move in the index. AU Small Finance Bank, SBI, PNB and Federal Bank saw buying action while some selling was seen in Axis Bank, ICICI Bank, Bank of Baroda and Kotak Mahindra Bank.