On January 2, 2026, at 12:07 PM IST, India’s Nifty Bank index surged 0.68% to a record high of 60,118.10, led by private and public sector banks. Strong earnings visibility, resilient credit demand, and improving asset quality fueled the rally, reinforcing investor confidence in India’s banking sector growth outlook.
India’s Nifty Bank index (.NSEBANK) reached a record high of 60,118.10 on January 2, 2026, at 12:07 PM IST, rising as much as 0.68% intraday. The rally underscores strong investor confidence in the banking sector, driven by robust earnings visibility and resilient credit demand.
Key highlights of the session include:
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The Nifty Bank index touched 60,118.10, its highest level ever recorded.
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Private sector banks such as ICICI Bank, HDFC Bank, and Axis Bank led the rally, contributing significantly to the index’s surge.
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Public sector banks also advanced, supported by improving asset quality and government-backed infrastructure lending initiatives.
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Analysts noted that the banking index has been on a steady upward trajectory, reflecting optimism around loan growth and profitability
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Broader market sentiment remained positive, with the Nifty 50 trading 0.5% higher, reinforcing bullish momentum across sectors.
This record high highlights the banking sector’s pivotal role in India’s equity markets, with investors betting on sustained growth in lending, digital transformation, and capital efficiency.
Sources: Reuters, Investing.com India, NSE India