- 📈 Bank Nifty Surges: Nifty Bank index gained 2% on March 24, reaching 51,621, marking its 8th consecutive day of growth.
- 📅 Highest Since January: The index reached its highest level since early January, surpassing the 51,500-mark once again.
- 💥 Kotak Mahindra Bank Leads:
- Kotak Mahindra Bank was the top gainer on the index, rising over 3%, trading at ₹2,151—its highest level in three years.
- The surge follows the announcement of the appointment of Bhavnish Lathia as the new Chief Technology Officer (CTO).
- The stock is also the top gainer on Sensex and Nifty 50 today.
- 🏦 Other Bank Performances:
- Canara Bank shares rose 2.6%, trading at ₹89.85 per share, with an analyst target price of ₹97.
- Punjab National Bank (PNB) shares were up 2.6%, hitting a one-month high of ₹95.58.
- 📉 Stock Recovery: Canara Bank has seen a strong recovery since its 52-week low of ₹78.60 on March 3.
