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Firoz Khan posted an update
Nifty 50 is up about 90 points, seems like a decent start to the day. Has anyone else noticed the Bank Nifty surge, it’s up over 1.8% already, what do you think is driving this momentum? Genuinely asking, will this uptrend continue or is it just a temporary blip, considering the Nifty IT is down over 1%.
Ved Kulkarni, swapniladmin and 9 others1 Comment-
Bank Nifty’s surge is quite notable, it’s already past 2% now, and seems like the market is rallying behind some of the top banking stocks. The overall market sentiment seems positive, with Nifty 50 up around 120 points, and this could be driven by some of the recent news like Sebi’s market making framework for commodity derivatives. It would be interesting to see how Nifty Midcap performs for the rest of the day, given its current 1.24% gain.
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