HDFC Bank, Axis Bank, Federal Bank, and ICICI Bank were among the top gainers, while some profit-taking was seen in SBI, Bank of Baroda, IndusInd Bank, and Bandhan Bank.
ICICI Bank, SBI, IndusInd Bank, Axis Bank, and IDFC First Bank were among top gainers, while some selling was seen in HDFC Bank, Bank of Baroda, PNB and Bandhan Bank. The Nifty Bank opened higher to hit a fresh record high of 48,716, but it failed to hold on to the momentum.
The Nifty Bank recouped losses on Wednesday to close in the green which suggests that bulls are here to stay. The index rose 78 points to close at 47,624 while the Nifty50 fell 18 points to close at 22,434.