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Bank Nifty crosses 60,000 for first time ever
01 Dec 2025

The Bank Nifty index, a key barometer of India's banking sector performance, has hit an all-time high of 60,114.05 today.

This is the first time in history that the index has crossed this landmark figure.

The rally is being driven by strong momentum in public sector banks (PSUs), heavy foreign portfolio investor (FPI) inflows, and expectations of interest rate cuts in both India and the US.

Bank Nifty's year-to-date gains surpass Nifty 50
Performance comparison

The Bank Nifty's year-to-date gains have now reached a whopping 17.5%, far outpacing the Nifty 50's rise of 10.7% in 2025.

The rally was further bolstered by a record-setting week for financial stocks last week, when the banking index surged over 700 points on Wednesday to close at 59,528.05 and hit another record high of 59,802.65 on Thursday.

SBI leads gains as Bank Nifty hits new high
Market leaders

In early trade today, State Bank of India shares led the gains with a 0.9% rise to ₹987.7.

Kotak Mahindra Bank and Punjab National Bank also contributed to the rally with gains of 0.8% and 0.6%, respectively.

However, Federal Bank and IndusInd Bank were among the top laggards, each slipping by 0.3%.