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Nifty Bank rises nearly 1% as ICICI, Axis, HDFC lead gains

Banking stocks rallied Thursday morning. The Nifty Bank index rose nearly 1% to 57,695 around 9:40 am, with ICICI Bank, Axis Bank, HDFC Bank and SBI among the top Nifty 50 gainers.

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Banking stocks rallied on Thursday morning, emerging among the strongest pockets of the market as improving risk sentiment lifted Indian equities.

The Nifty Bank index rose 0.91 percent to 57,695 around 9:40 am, with ICICI Bank, Axis Bank, HDFC Bank and SBI among the top Nifty 50 gainers.The rally…