Nifty Bank surges to record high, crossing the 58,900 mark as both PSUs and private lenders rally
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The Nifty Bank index vaulted to an unprecedented record high of 58,942.60 on Monday, rising 0.7% and setting the tone for a strong start to the week as a surge in banking shares, led by Canara Bank, IDFC First Bank, AU Small Finance Bank and Kotak Mahindra Bank, energised broader benchmarks already buoyed by improving earnings momentum and renewed investor confidence following the NDA’s win in the Bihar Elections 2025. Within the Nifty Bank pack, shares of Canara Bank, IDFC First Bank, AU Small Finance Bank and Kotak Mahindra Bank rose between 2% and 2.5%, emerging as the session’s top performers. Indian stocks opened in the green on the day, with the S&P BSE Sensex advancing 179 points, or 0.21%, to 84,742.54, and the NSE Nifty 50 adding 49 points, or 0.19%, to 25,959.45. Also read | Sensex jumps over 200 pts, Nifty tops 25,950 as earnings optimism lifts mood; bank index hits new high Banking and financial stocks drove the early upmo...