Banking stocks rallied sharply on Monday, pushing the Nifty Bank index nearly 1,000 points higher as easing geopolitical tensions and falling oil prices boosted sentiment. Analysts expect lenders to lead the market rally, citing attractive valuations, RBI support measures, improving technical indicators and favourable risk-reward in major private banks.
The Nifty Bank index surged by nearly 1,000 points, with major banking stocks like HDFC Bank, IndusInd, and Yes Bank rising up to 3%. This rally was driven by easing geopolitical tensions and falling oil prices, boosting market sentiment. Analysts anticipate banks will continue…
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