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Akhilesh Jat SEBI RA

6th Aug · SEBI-Registered Analyst

Bank Nifty Crosses 58,000; PSU Banks Lead Market Gains on Thursday

Indian equity markets ended on a mixed note on 6 August 2026, with the benchmark Nifty closing largely flat as investors remained selective.

RELIANCE
provided significant support to the market, advancing more than 3.5%, while
POWERGRID
declined nearly 4%, emerging among the notable laggards. Bank Nifty outperformed the broader market, gaining 0.56% and crossing the crucial 58,000 mark during the session. On the sectoral front, Nifty PSU Bank emerged as the top-performing index, reflecting continued strength in public sector lenders, while Nifty Realty was the biggest loser. Among individual stocks,
UNIONBANK
rallied 3.8%, extending its winning streak to five consecutive trading sessions. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.

#Post-ClosingCommentary#Miscellaneous
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