Nifty Bank hits record high led by IndusInd Bank, Kotak Mahindra Bank, HDFC Bank
Nifty Bank index hit a record high in the early trade on Monday led by strong buying in banking heavyweights. The index gained nearly 1% to hit an all-time high of 44,440.15, crossing its earlier level of 44,151.8 hit in October 2022.
All the constituents of the Nifty Bank index were trading in the green by AU Small Finance Bank, IndusInd Bank, Kotak Mahindra Bank, HDFC Bank, SBI and Axis Bank.
Meanwhile, the benchmark indices Sensex and Nifty were also trading with strong gains. The Sensex was trading 440.04 points, or 0.70%, higher at 62,941.73, and the Nifty rallied 116.55 points, or 0.63%, to 18,615.90.
The life-time high for Nifty is 18,887.60, and for Sensex is 63,583.07.
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Updated: 29 May 2023, 09:33 AM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.