Shares of Yes Bank Ltd. gave up early gains on Monday, October 13, indicating some resistance at higher levels. The stock, before Monday, had gained in eight out of the last nine trading sessions.

Yes Bank made an intraday high of ₹24.29 on Monday, before giving up those gains. However, Monday's volumes are lower than that of Friday, when 24 crore shares have changed hands, compared to 55 crore on Friday.

Last Friday had seen 55 crore shares of Yes Bank change hands compared to its 20-day average of 9.6 crore. 19 crore out of those were marked for delivery, which was also higher than the 20-day delivery average of 4.5 lakh shares.

The stock is also trading above the ₹21.5 per share price at which Japan’s Sumitomo Mitsui Banking Corporation (SMBC) acquired its initial stake in the lend

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