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Bank Nifty rose over 1% on October 9 with Kotak Mahindra Bank, HDFC Bank, Federal Bank leading gains.At 1:30 pm on October 9, the sectoral index was trading 1.3% higher at 55,225.45 with Federal Bank, Kotak Mahindra Bank being among top gainers by rising 2.5% and 2%, respectively.The Nifty Private…
Nifty 50 plunged below 22,200 to a fresh 52-week low as soaring oil prices, persistent FII selling and the RBIs rate hike weighed on sentiment. Analysts expect near-term pressure to persist, with market direction likely hinging on Q2 earnings, corporate cash flows and key technical levels in the coming sessions.
The index has remained under pressure as selling continues to dominate the broader market, with investors tracking global cues, crude oil prices, foreign fund flows and domestic monetary policy developments.