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Sensex’s new record! This is the reason behind the surge in bank stocks today

The bullish wave in the capital markets continues. The Sensex and Nifty hit new record highs on Wednesday. The Sensex has risen by 150 points

: The Sensex and Nifty hit new record highs on Wednesday as investors continued to buy. The Sensex and Nifty rallied as the market opened. The Sensex has gained 153 points to 56,112. The Nifty rose 52 points to 16,677.

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Investors have been buying shares of the bank in today’s session. Renowned investor Rakesh Jhunjhunwala has invested heavily in shares of public sector Canara Bank. Its repercussions were felt on shares of other banks in the capital market today. The banking index rose sharply today.

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In the banking sector, Bank of India, DCB, Central Bank of India, Indian Bank and CBS Bank gained. Besides, SBI, Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank and Kotak Mahindra Bank gained on the Sensex.

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On the Sensex, 19 out of 30 stocks are up and 11 are down. Maruti, Ultratech Cement, HCL Tech, Hindustan Unilever, Bajaj Auto, Powergrid, Sun Pharma, Dr. Shares of Reddy Lab, Asian Paint, Tech Mahindra and Titan have declined.

Earlier in the day, the Sensex jumped 200 points to a new record high of 56,172.88 points. In the first quarter of the current financial year, Indian GDP is projected to grow by 18.5 per cent. Stock brokers say there is an atmosphere of excitement among investors. Today, Asia’s major capital markets are booming. Meanwhile, the Sensex had gained 400 points on Tuesday, while the Nifty had gained 128 points.


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