Nifty Bank surges to record high, crossing the 58,900 mark as both PSUs and private lenders rally

Indian banking stocks surged on Monday, propelling the Nifty Bank index to a new record high. Strong performances from Canara Bank, IDFC First Bank, AU Small Finance Bank, and Kotak Mahindra Bank energized broader markets. This rally followed positive earnings reports and renewed investor confidence after the NDA's victory in the Bihar Elections 2025.