Overview
- Bank Nifty touched 59,000 intraday and settled at a record 58,962, with all 12 members gaining.
- Sensex closed at 84,950, up 388 points, and Nifty added 103 to 26,013 for a sixth consecutive advance.
- Investors pointed to new RBI measures for exporters as a key driver of positive sentiment toward financials.
- The BSE banking index climbed 507 points to 66,156 while mid- and small-cap indices also advanced.
- Technical views highlighted support near 58,000 and resistance around 59,300–59,500 for Bank Nifty.