Key Points
Banks and financials led from the front on the first day of the week, with the Bank Nifty surging 293.90 points or 0.67% to a lifetime high of 44,311.90...
The Bank Niftys previous high was 44,151, attained in December 2022...
According to analysts, the bank Nifty has consistently outperformed in recent months, thanks to strong domestic and FII buying interest in financials...
India had ceded the position to France back in January but the rebound in Adani Group stocks since the fallout of the Hindenburg report gave a boost to the Indian markets...
At the same time, France lost more than $100 billion in market value in the week as luxury goods makers LVMH Moet Hennessy, Louis Vuitton and Vivendi saw a rout amid fears of a slowdown in China and the US, reported Bloomberg...
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