{"id":10892,"date":"2025-06-27T11:46:50","date_gmt":"2025-06-27T06:16:50","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=10892"},"modified":"2025-06-30T15:10:48","modified_gmt":"2025-06-30T09:40:48","slug":"nifty-bank-surges-to-record-high-breaches-57300-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/nifty-bank-surges-to-record-high-breaches-57300-for-the-first-time\/","title":{"rendered":"Nifty Bank Surges to Record High, Breaches 57,300 for the First Time"},"content":{"rendered":"

The Nifty Bank<\/a> index soared to a new lifetime high on June 27, crossing the 57,300 mark for the first time in its history. The index touched 57,340.75 during morning trade, extending its winning streak for the fourth straight session.<\/p>\n

Banking stocks, especially PSU banks, were at the forefront of this rally, driving the index to record levels. The sustained momentum in the market has boosted investor confidence, with analysts expecting more gains in the near term.<\/p>\n

\n

\u201cI expect Bank Nifty to cross 58,000 over the next 2\u20133 weeks. If it holds above 56,250, we can look at an upside target of 57,050 today,\u201d said Chandan Taparia, Senior Vice President and Head of Derivatives & Technical Research at Motilal Oswal.<\/p>\n<\/blockquote>\n

He also highlighted that post-expiry momentum could continue in both Nifty and Bank Nifty, further supporting the ongoing rally.<\/p>\n

PSU Banks Take the Lead<\/h2>\n

Public Sector Banks have been showing impressive strength, becoming key contributors to the Nifty Bank\u2019s performance. The optimism is supported by positive technical signals and broader market sentiment.<\/p>\n

Strong Macros Back the Bullish Momentum<\/h3>\n

Independent analyst Ajay Bagga pointed out that India\u2019s strong macroeconomic indicators are fueling the banking sector’s rise. According to him, RBI\u2019s proactive policies, including rate cuts, liquidity support, and regulatory relief, are setting the stage for sustained growth in the banking sector.<\/p>\n

\n

\u201cIndia\u2019s robust macro, tailwinds from a good monsoon, income tax relief injecting purchasing power, and falling inflation all have created a good backdrop for credit growth,\u201d Bagga noted.<\/p>\n<\/blockquote>\n

What Lies Ahead?<\/h3>\n

The recent uptrend reflects market optimism around the banking sector\u2019s future performance. With strong macro fundamentals, positive sentiment post-expiry, and ongoing policy support, analysts believe that Bank Nifty could continue to scale new highs.<\/p>\n

\n

Know more about us-<\/strong><\/p>\n

Nifty trader<\/a><\/p>\n

NSE F&O Lot Size<\/a><\/span><\/p>\n

Option Price Calculator<\/a><\/p>\n

\u00a0<\/span><\/p>\n

\n<\/blockquote>\n

<\/h3>\n","protected":false},"excerpt":{"rendered":"

The Nifty Bank index soared to a new lifetime high on June 27, crossing the 57,300 mark for the first time in its history. The index touched 57,340.75 during morning trade, extending its winning streak for the fourth straight session. Banking stocks, especially PSU banks, were at the forefront of this rally, driving the index […]<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1329],"class_list":{"0":"post-10892","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1329,"user_id":2,"is_guest":0,"slug":"snehagandhi","display_name":"Sneha Gandhi","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/10\/Sneha-Gandhi.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/10892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=10892"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/10892\/revisions"}],"predecessor-version":[{"id":10896,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/10892\/revisions\/10896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/10893"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=10892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=10892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=10892"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=10892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}