Nifty Bank Hits Record High of 57,651, Gains Over 3,000 Points in October

The Nifty Bank index surged to a fresh all-time high of 57,651 on Friday, October 17, surpassing its previous peak of 57,628. This marks a continuation of its strong upward trend, with the index posting gains in 12 of the last 14 trading sessions, adding over 3,000 points during this period.

Since its 2025 low of 47,702 on March 11, the index has rallied nearly 10,000 points, a remarkable comeback driven by a mix of robust financial performance and positive technical momentum.

In October alone, Nifty Bank has climbed by more than 5%, adding close to 3,000 points, making it the third-best performing month of the year after March and April.

Nifty Bank Surge: Key Drivers of the Rally

The recent uptrend has been supported by:

• Strong Q2 business updates from major banks, with many reporting double-digit growth in both advances and deposits year-on-year for the September quarter.
• Positive technical sentiments are suggested by market experts.

Top Performing Bank Stocks Since March Lows

Canara Bank has led the rally, delivering a stellar return of 52% since March 11, making it the top performer in the index. Other notable gainers include:

Also Read: Is the Stock Market (BSE and NSE) closed on Dhanteras, Oct 18, 2025?

While nearly all constituents of the Nifty Bank index have posted gains between 15% and 50%, IndusInd Bank stands out as the sole laggard, down 17% from its March lows.

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