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D-Street Buzz: Bank Nifty Spikes 4%, Hits Fresh Record High; HDFC Bank, SBI, Axis Bank Jump 4-6% Each


D-Street Buzz: Bank Nifty spikes 4%, hits fresh record high; HDFC Bank, SBI, Axis Bank jump 4-6% each
HDFC Bank jumped over 5 percent followed by State Bank of India, Axis Bank, RBL Bank and Federal Bank which added 4 percent each.
Indian stock market continues its bull run after investors gave a thumbs up to Budget 2021.
Bank Nifty jumped 4 percent after surging over 8 percent on Budget day. The index hit new record high of 34,652.50 at 09:42 hours.
The rally comes after the Finance Minister announced setting up of an Asset Reconstruction Company. She further introduced a plan to recapitalise public sector banks. The government has also announced the intention to privatise two state-run lenders. ....

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