Bank Nifty Touches 60,000 for the First Time Amid Positive Global and Domestic Cues

On Monday December 1, 2025, Bank Nifty made history by opening above the 60,000 mark for the first time ever, surging to an early morning high of 60,114.05. In the initial minutes of trading, the index gained roughly 0.52% from the previous close. The banking benchmark kicked off at 60,102.05 before swiftly reaching its intraday peak. By 10:05 IST on December 1, 2025, Bank Nifty was trading around 60,067, registering a healthy 0.5% gain.

Key Drivers Behind the Rally

The rally was fueled by strong GDP data released last week, sustained foreign fund inflows, and growing expectations of interest rate cuts by both the US Federal Reserve and the Reserve Bank of India.

Top Movers in the Banking Pack

Leading the charge, Bank of Baroda jumped 2.66% to trade at Rs 297.50. Kotak Mahindra Bank followed with a 1.35% rise, while PNB gained 1.12%. State Bank of India climbed 1.00%, Canara Bank added 0.67%, and ICICI Bank rose 0.41% to Rs 1,394.50. Other gainers included AU Small Finance Bank (+0.28%), HDFC Bank (+0.24%), Axis Bank (+0.20%), Federal Bank (+0.10%), and IDFC First Bank (+0.01%). IndusInd Bank was the only notable laggard in early trade, down 0.40%.

Also Read: RBI MPC Schedule 2025: Market Experts Anticipates Another Rate Cut

Broader Market Starts Week on a Positive Note

The optimism in the banking sector extended to the wider market. Nifty 50 opened at 26,325.80, up 122.85 points (0.47%), while BSE Sensex kicked off at 86,065.92, gaining 359.25 points (0.42%). The positive sentiment was driven by the same factors underpinning the bank index, putting the market on firm footing at the start of the week.

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