Nifty Bank rallies 4% in two days nears record high

GreyOak summary

The Nifty Bank index surged 4% over two trading days, reaching near its all-time high of 61,764.85. This rally was driven by strong performance in private and public sector banks alongside significant net buying by foreign portfolio investors (FPIs), who purchased shares worth ₹56,771 crore recently. Analysts suggest that declining crude oil prices and cooling US bond yields further support the sector's upward momentum.