Aniket Pujari
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Nifty Bank exceeded the 53,000-point milestone for the first time Following the Federal Reserve’s initiation of measures to avert a recession in the US through a larger-than-normal reduction in interest rates. This surge was driven by AU Small Finance Bank (AU SFB), IDFC First Bank, Axis Bank, Bank of Baroda, and HDFC Bank, all of which saw gains of over 1-2%.
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