NIFTY BANK

The Nifty Bank index has witnessed a healthy uptrend in recent sessions, even as the domestic equity benchmark Nifty 50 has struggled to sustain gains. The banking index is up nearly 3% year-to-date, while the Nifty 50 has slipped about 1.5% during the same period. The Bank Nifty climbed to 61,309 in intraday trade on Wednesday, February 18, moving closer to its all-time high of 61,764.85, which it hit on February 3 this year. Strong Q3 earnings, a pause on RBI rate cuts, and relatively attractive valuations have boosted investor interest in banking stocks.