{"id":17298,"date":"2025-11-13T12:21:55","date_gmt":"2025-11-13T06:51:55","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=17298"},"modified":"2025-11-13T12:21:55","modified_gmt":"2025-11-13T06:51:55","slug":"bank-nifty-hits-record-high-on-indusind-icici-bank-rally","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/bank-nifty-hits-record-high-on-indusind-icici-bank-rally\/","title":{"rendered":"Bank Nifty Scales Record High on Strong Private Bank Gains"},"content":{"rendered":"<p data-start=\"354\" data-end=\"627\">The Bank Nifty index touched a new all-time high of 58,609.2 in Thursday\u2019s morning trade, rising 0.57% from the previous close, supported by solid buying in heavyweight private lenders. By 11:00 am, the index was trading at 58,594.4, up 0.55%.<\/p>\n<p data-start=\"629\" data-end=\"772\">Over the past year, the Bank Nifty has gained 16.8%, outperforming the NSE Nifty 50, which rose 10.2% during the same period.<\/p>\n<h2 data-start=\"779\" data-end=\"823\">IndusInd and ICICI Bank Lead the Rally<\/h2>\n<p data-start=\"825\" data-end=\"984\"><a href=\"https:\/\/www.niftytrader.in\/stocks-price\/indusindbk\">IndusInd Bank <\/a>shares jumped 2.98% to \u20b9890.15, leading the rally among banking stocks.<a href=\"https:\/\/www.niftytrader.in\/stocks-price\/icicibank\"> ICICI Bank<\/a> followed with a 2% rise to \u20b91,386.1.<\/p>\n<p data-start=\"986\" data-end=\"1195\">Other major gainers included<a href=\"https:\/\/www.niftytrader.in\/stocks-price\/axisbank\"> Axis Bank <\/a>(up 0.73% to \u20b91,230.5) and <a href=\"https:\/\/www.niftytrader.in\/stocks-price\/sbin\">State Bank of India<\/a> (up 0.55% to \u20b9962.4). Canara Bank and Punjab National Bank also traded marginally higher.<\/p>\n<p data-start=\"986\" data-end=\"1195\"><em><strong>Also Read:<\/strong> <a href=\"https:\/\/www.niftytrader.in\/content\/equity-mutual-fund-inflows-october-2025\/\">Equity Mutual Fund Inflows Decline 19% in October; AUM Rises to \u20b979.87 Lakh Crore<\/a><\/em><\/p>\n<h2 data-start=\"1202\" data-end=\"1247\">Technical Outlook: Bullish Trend Intact<\/h2>\n<p data-start=\"1249\" data-end=\"1448\">According to Rajesh Palviya, SVP Research at Axis Securities, the Bank Nifty remains in a short-term uptrend. The daily RSI turned positive, indicating a continued bullish bias.<\/p>\n<p data-start=\"1450\" data-end=\"1527\">Palviya identified \u20b958,318 as the trend-deciding level for the day.<\/p>\n<ul data-start=\"1528\" data-end=\"1715\">\n<li data-start=\"1528\" data-end=\"1605\">\n<p data-start=\"1530\" data-end=\"1605\">A move above 58,318 could push the index to 58,464\u201358,654\u201358,800.<\/p>\n<\/li>\n<li data-start=\"1606\" data-end=\"1715\">\n<p data-start=\"1608\" data-end=\"1715\">A drop below 58,318 may trigger profit booking, with downside levels at 58,128\u201357,982\u201357,793.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1717\" data-end=\"1990\">Analysts at Prabhudas Lilladher noted that a decisive breakout above 58,500 could initiate a fresh upside leg, while key support lies near the 50-day EMA at 56,800. They expect the index to trade in a broad range of 57,800\u201358,800 in the near term.<\/p>\n<h2 data-start=\"1997\" data-end=\"2026\">Broader Market Overview<\/h2>\n<p data-start=\"2028\" data-end=\"2216\">The broader market sentiment also remained positive. The BSE Sensex gained 248.6 points (0.3%) to 84,715.1, while the Nifty 50 advanced 74 points to 25,949.8.<\/p>\n<p data-start=\"2218\" data-end=\"2320\">Market breadth stayed positive, with 2,070 stocks advancing against 1,458 declining.<\/p>\n<h3 data-start=\"2327\" data-end=\"2347\">Key Highlights<\/h3>\n<ul data-start=\"2349\" data-end=\"2599\">\n<li data-start=\"2349\" data-end=\"2389\">\n<p data-start=\"2351\" data-end=\"2389\">Bank Nifty Record High: 58,609.2<\/p>\n<\/li>\n<li data-start=\"2390\" data-end=\"2436\">\n<p data-start=\"2392\" data-end=\"2436\">1-Year Gain: 16.8% vs Nifty 50\u2019s 10.2%<\/p>\n<\/li>\n<li data-start=\"2437\" data-end=\"2518\">\n<p data-start=\"2439\" data-end=\"2518\">Top Gainers: IndusInd Bank (+2.98%), ICICI Bank (+2%), Axis Bank (+0.73%)<\/p>\n<\/li>\n<li data-start=\"2519\" data-end=\"2559\">\n<p data-start=\"2521\" data-end=\"2559\">Key Support: 56,800 (50-day EMA)<\/p>\n<\/li>\n<li data-start=\"2560\" data-end=\"2599\">\n<p data-start=\"2562\" data-end=\"2599\">Resistance Range: 58,500\u201358,800<\/p>\n<\/li>\n<\/ul>\n<p><em><strong>Click here to explore<\/strong>: <a href=\"https:\/\/www.niftytrader.in\/bank-nifty-share-price\">Bank Nifty\u00a0<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank Nifty index touched a new all-time high of 58,609.2 in Thursday\u2019s morning trade, rising 0.57% from the previous close, supported by solid buying in heavyweight private lenders. By 11:00 am, the index was trading at 58,594.4, up 0.55%. Over the past year, the Bank Nifty has gained 16.8%, outperforming the NSE Nifty 50, [&hellip;]<\/p>\n","protected":false},"author":7,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1384],"class_list":{"0":"post-17298","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":1384,"user_id":7,"is_guest":0,"slug":"jitesh-kanwariya","display_name":"Jitesh Kanwariya","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17298","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=17298"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17298\/revisions"}],"predecessor-version":[{"id":17300,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17298\/revisions\/17300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/17299"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=17298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=17298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=17298"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=17298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}