Nifty Bank hits fresh all-time high. Is this the start of Diwali dhamaka?

Nifty Bank hit an all-time high of 57,651.30 on Friday, rallying around 10,000 points from its March 2025 lows and surpassing its previous peak of 57,628.40. Led by HDFC Bank, ICICI Bank, and Axis Bank, the 12-stock index gained 229 points in the morning session. So far in 2025, Nifty Bank has outperformed the broader Nifty, rising over 13%.