As of 11:51 AM, Bank Nifty surged 1.95%, reaching its day’s high of 49,053.75 and currently trading at 49,002.85, up +938.20 points. The index is witnessing strong momentum, led by gains in private sector banking stocks.
Among the leading gainers, Axis Bank is trading at ₹982.00, marking a 3.58% increase, with an intraday high of ₹985.10. HDFC Bank has also shown strong growth, currently trading at ₹1,679.90, up 3.07%, after touching a high of ₹1,682.50. AU Small Finance Bank is witnessing a notable rise of 3.30%, trading at ₹582.05, with an intraday high of ₹584.00. IDFC First Bank has also gained momentum, trading at ₹58.41, reflecting a 2.96% increase for the day. Meanwhile, ICICI Bank is seeing steady growth, rising 2.59% to trade at ₹1,259.70.
The rally in Bank Nifty is being driven by strong performances from frontline banking stocks, signaling a bullish trend in the financial sector. Traders and investors are closely watching further movements as the index approaches key resistance levels.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
