Bank Nifty Hits Record Close, Nifty50 Crosses 25,500: 5 Key Reasons Behind Market Rally

The Indian stock market witnessed a rise for the third consecutive day on 26 June. Nifty Bank made a new record high today. Both Sensex and Nifty jumped. The main reasons for this rise were the reduction in tensions in the Middle East, the dollar index coming down to a three-year low, the increasing possibility of interest rate cuts in the US and strong support from domestic institutional investors (DIIs). DII supported the market despite the sell-off by foreign investors.

The stock market witnessed a rise for the third consecutive day on 26 June. Bank Nifty also made a record high today. In the end, the Sensex jumped 1,000.36 points by 1.21 percent to close at 83,755.87. Nifty closed at 25,549, up 304.25 points or 1.21 percent. Today was also the last expiry of June. Meanwhile, there was a tremendous rise in bank stocks. This was the reason that the Nifty Bank Index climbed up and touched a new all-time high level of 57,240. The surge in this segment was led by heavy buying in private bank stocks.

Bank Nifty closed at record high, Nifty50 also crossed 25500, these 5 reasons brought a stormy rise in the market
The Indian stock market saw a rise for the third consecutive day on June 26. Nifty Bank made a new record high today. Both Sensex and Nifty jumped. The main reasons for this rise were the reduction in tension in the Middle East, the dollar index falling to a three-year low, the increasing possibility of interest rate cuts in the US and strong support from domestic institutional investors (DIIs). DII supported the market despite the selling by foreign investors.