Bank Nifty hits all-time high, crosses 48,000 for first time
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On December 15, the Bank Nifty index soared to a record high of 48,219.95, fueled by a surge in HDFC Bank stock due to the FTSE rejig. The Nifty50 index also experienced a 1.29% increase on the same day. HDFC Bank, which accounts for 11% of the Nifty50 index and 30% of the Bank Nifty index, saw its stock close at Rs. 1,656.55, up Rs. 6.40 or 0.39% on the National Stock Exchange (NSE).