News > Nifty Bank index roars back to record biggest daily gain in 3 years

Nifty Bank index roars back to record biggest daily gain in 3 years

Nifty Bank roared back driven by a robust rally in HDFC Bank, Bandhan Bank, and IndusInd Bank among others. Bank stocks dropped nearly 8% the previous day after the NDA failed to keep up with expectations and as its tally fell below the 300 mark in the Lok Sabha elections. Some shorts being covered in banks due to weekly expiry has also driven the bank stocks up, said Deepak Jasani, Head of Retail Research at HDFC Securities.