Bank Nifty Soars to New High, Rises 5.5%

Banking stocks were among the biggest gainers today in today's rally with the NSE-sub index rising over 5 per cent to a new high. Bank Nifty rose to an all-time high of 13,814 outperforming broader markets which were up nearly 3 per cent. In the past seven months, Bank Nifty rose over 30 per cent.