Bank stocks saw strong buying on Friday after banks shared good news for the December quarter, pushing the Bank Nifty to a new record.
Bank Nifty reaches a new high
The index rose 0.73% to 60,152.35, beating its previous peak of 60,114.30 set on Dec 1, 2025. Both the PSU and private‑bank sub‑indices also hit lifetime highs.
Top performers
- Yes Bank jumped more than 3% to ₹22.15, becoming the biggest gainer after being added to the index on Dec 31.
- Union Bank of India rose 2.09%.
- IndusInd Bank climbed 1.39%.
- Punjab National Bank, ICICI Bank and Bank of Baroda each gained up to 1%.
- All but one of the 14 Bank Nifty stocks closed higher; only Axis Bank slipped.
What analysts say
Sudeep Shah of SBI Securities noted that staying above 60,000 could keep the rally going, with a target near 60,600. He warned that a drop below 59,100‑59,200 might slow the momentum.
Kotak Institutional Equities highlighted recovering loan growth across public, private and small‑finance banks, saying stronger balance sheets are encouraging expansion.
A recent RBI report expects banks’ asset quality to improve to a multi‑decade high.
Key takeaways for investors
- The Bank Nifty has risen about 4% over the last four trading days.
- Strong earnings and better asset quality are supporting the upside.
- Watch the 60,000 level for possible continuation and the 59,100‑59,200 zone for support.
Remember, this is just an overview, not a prediction. Do your own research or consult a qualified advisor before making any investment decisions.