Bank Nifty Surges Nearly 3% to 61,400 as Crude Prices Fall
The Nifty Bank rose 1,653 points, or 2.76%, to cross 61,350 on Wednesday. Bank of Baroda, PNB and Yes Bank rallied up to 6%.
Banking shares led the market rally on Wednesday, with the Nifty Bank surging over 1,653 points, or 2.76 percent to cross the 61,350 mark as easing crude oil prices improved investor sentiment towards domestic equities.The strong buying in banking and financial stocks came as benchmark indices clim…