Bank Nifty Reaches Record High of 57,263; HDFC Bank and Axis Bank Shares Surge Up to 2%

Bank stocks surged on June 26, propelling the Nifty Bank index to a new all-time high of 57,263.45. The rise was driven by strong buying in private bank stocks.

HDFC Bank shares climbed nearly 2 percent to reach a fresh peak of Rs 2,027 each, emerging as one of the top gainers and major contributors to the uptrend in Sensex and Nifty.

AU Small Finance Bank and Axis Bank also saw gains, while ICICI Bank, IndusInd Bank, Punjab National Bank, Canara Bank, Bank of Baroda, and Kotak Mahindra Bank traded with marginal increases.

However, State Bank of India, Federal Bank, and IDFC First Bank experienced slight losses.

Analysts predict further highs for Bank Nifty, with expectations of crossing 58,000 soon.

Key factors driving the rally include India's macroeconomic indicators and liquidity-driven shifts in the financial ecosystem.

Experts believe that actions by the RBI, along with positive macroeconomic conditions, are setting the stage for credit growth in the banking sector.

HDFC Bank and ICICI Bank's performance have been highlighted as key drivers of the Bank Nifty surge.

Bank Nifty has outperformed the Nifty 50 index in 2025, with positive sentiment and technical charts indicating further upside potential.

Nifty Financial Services also saw a significant rise, hitting a new record high.

According to the source: Moneycontrol.