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Bank Nifty Sets Record as Sensex, Nifty Finish Flat After Wild Swings

A record-low October inflation reading stoked bank strength as foreign outflows limited the benchmarks.

Overview

  • Sensex rose 12.16 points to 84,478.67 and Nifty added 3.35 points to 25,879.15, marking a fourth straight gain despite late profit-taking.
  • Indices traced an intraday range of roughly 600 points before settling little changed.
  • Nifty Bank hit a fresh all-time high near 58,609, led by gains of about 2–3% in IndusInd Bank and ICICI Bank.
  • Foreign investors were net sellers of roughly Rs 1,750 crore as domestic institutions bought about Rs 5,127 crore, exchange data showed.
  • October CPI near 0.25% reinforced expectations of RBI easing, with traders watching Bihar vote counting and potential IndiaUS tariff talks for direction.