Markets Surge on Banking Rally & FPI Inflows
Frontline indices jumped Monday, with Nifty crossing 24,000 and Sensex breaching 79,000, led by financial stocks. Bank Nifty hit a record 55,200 as ICICIBANK ICICI and HDFC Bank posted strong earnings. Renewed foreign inflows (Rs 8,500 crore) and improved NIMs boosted sentiment, with major private banks outperforming expectations.
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