1/4/2026, 10:40:03 am

Bank stocks surge up to 4% on Nifty Bank's steady recovery

Bank shares surged 4% on Wednesday as optimism over a potential end to the Iran-US-Israel war fueled broad market optimism, potentially cooling worries about the macroeconomic impact on India. Nifty Bank index jumped 3% to 51,600. Leading banks such as Punjab National Bank, AU Small Finance Bank, and HDFC Bank gained 2-4%.