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Nifty Bank Hits Lifetime High as December Trading Opens on Strong Footing
Nifty Bank touched a new record on December 1 as banking heavyweights extended gains ahead of the RBI policy meeting and improving credit indicators.
Nifty Bank climbed to a fresh all-time high during the December 1 opening session, extending its multi week strength despite overnight caution in US markets. Investor appetite stayed firm on improving credit demand, stable asset quality trends and expectations of a dovish shift in RBI’s upcoming policy meeting.