The Nifty Bank index surged to a fresh lifetime high on Monday morning, breaching the 55,000 level for the first time in history, supported by a sustained rally in large private sector banks and strong earnings momentum.
At 10:10 AM, Bank Nifty was trading at 55,142.20, up 852 points or 1.57%, compared to the previous close of 54,290.20. The index opened at 54,891.25, climbed to an intraday high of 55,291.05, and recorded a low of 54,674.95 so far in the session.
With today’s gains, the banking index has posted an impressive 7,000-point rally over the past three weeks, reflecting investor confidence in the strength of the financial sector. The sharp surge comes amid upbeat Q4 results from key constituents like HDFC Bank and ICICI Bank, coupled with positive commentary from global brokerages.
The record run in Bank Nifty also coincides with broader market strength, with both the Sensex and Nifty 50 scaling new all-time highs earlier today.
Market watchers believe that as macro stability holds and earnings upgrades continue, banking stocks may remain key drivers of index performance in the near term.
Disclaimer: The above content is based on publicly available market data and brokerage commentary. It does not constitute investment advice. Please make any and every investment decision after consulting your financial advisor.
