Bank Nifty surged past 59,000 to a record closing high on Wednesday, driven by investor confidence in banking stocks. Analysts anticipate continued momentum, citing easing earnings pressure and attractive valuations. Both private and PSU banks showed gains, with improved profitability and asset quality contributing to the optimism.
Aegis Logistics shares rally 4% as Q4 profit rises 45% YoY
Aegis Logistics shares rose sharply after the company reported a 45% year-on-year rise in Q4 FY26 consolidated net profit to Rs 413 crore, supported by