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Market wrapBusiness Today

Nifty Bank rises for third session, approaches record high

Positive+1

GreyOak summary

Bank Nifty rose 1.19% to 61,518, gaining 12% this month as it approached a record high of 61,764.85. The rally was driven by strong Q2 earnings, healthy credit growth, and FII inflows of Rs 66,302 crore. Falling Brent crude prices, down 13% to $92 due to peace hopes, also supported the market.

What it affects

  • NIFTY BANKPositive +1

    Index rose 1.19% to 61,518.Rolling sentiment Negative -20

Source

Read the original at Business Today

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