Nifty Bank at 3-week high; 50K in sight but it requires to close above 49,600: Experts

On Monday, the Nifty Bank index continued its outperformance, marking its third consecutive day of gains. The banking index surged by 310 points, closing at 49,281. In contrast, the Nifty50 witnessed a slight decline of 24 points, closing below the 23,000 mark.