Bank Nifty at record high; more upside likely: Analysts

The Nifty Bank — an index that comprises India’s top banks and finance firms — rose to a record high on Wednesday, riding the bullish momentum of the past six months.

Extending gains to the fifth consecutive session, the Nifty Bank index, popularly known as Bank Nifty, closed above 44,000-levels for the first time on Wednesday. Analysts, in a poll, said the index could move up as much as 7% in the near-term over its close of 44,049.1 on Wednesday.