PNB, SBI, Canara Bank Rally: 4 Reasons Banking Stocks Are Surging – Markets


A week of heavy gains

The run has been steep. HDFC Bank gained roughly 13.7 per cent across the six sessions ending November 06, comfortably ahead of the Sensex. ICICI Bank rose about 11 per cent over five sessions and touched a fresh 52-week high above Rs 1,555. On Thursday, 5 November, all 14 constituents of the Nifty Bank index finished in positive territory, lifting the index around 2 per cent in a single day.



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