Bank Nifty Breaks 60,000 Barrier for the First Time as Financial Stocks Extend Dominance

Bank Nifty crossed 60,000 for the first time as strong PSU bank momentum, FPI inflows and rate-cut expectations pushed financial stocks to record levels.

Live Market Updates

Latest Financial News

neutral
1 day ago

Bank Nifty Breaks 60,000 Barrier for the First Time as Financial Stocks Extend Dominance

Bank Nifty Breaks 60,000 Barrier for the First Time as Financial Stocks Extend Dominance
Bank Nifty created history on Monday by opening above the 60,000 mark for the first time, briefly touching a new all-time high of 60,114.05 before stabilizing near 59,973. The index has now delivered 17.5% gains year to date, significantly outperforming the Nifty 50’s 10.7% rise in 2025. Last week’s surge, fueled by strong momentum in PSU banks, heavy foreign flows and expectations of domestic and global rate cuts, set the stage for Monday’s record print.