Led by gains in SBI and other PSU bank stocks, Nifty Bank ended 411 points higher after hitting a new peak of 48,219.95 points on Friday. The banking index is now seen getting closer to the 50,000 milestone. “Nifty Bank is also stretching higher and we expect the up move to continue till 49000 – … Read more
The Nifty Bank closed in the green for the third consecutive day in a row on Tuesday supported by strong global cues. The index rose nearly 600 points to close at 47,012. It hit a fresh record high of 47,230 on Tuesday. The Nifty50 index climbed 20,800 levels to hit a fresh record high. Top … Read more
Since the last monetary policy of the Reserve Bank of India (RBI) in April, the benchmark Nifty50 has rallied 1,000 points and Nifty Bank over 3,000 points. The 3,000-point rally in the banking sector gauge saw it scaling a lifetime high of 44,498.60 points on May 30, days before the next policy meeting of the … Read more