Nifty Bank rallies to record high, crosses 57,000 mark as RBI policy support lifts financial stocks

Nifty Bank hit a record high above 57,000 as the RBIs surprise 50bps rate cut and CRR reduction boosted financial stocks. Private and mid-sized banks led gains amid improved liquidity and credit growth outlook. Positive U.S.-India trade talks and strong global cues further supported the broader market, lifting Nifty 50 and Sensex on Monday.