Bank Nifty Soars to Record High on Strong Q3 Updates; Yes Bank, ICICI Lead Gains

• Bank Nifty hit a new all-time high of 60,152.35, rising 0.73% on Friday, driven by positive Q3 business updates.
• Nifty PSU Bank and Nifty Private Bank indices also reached fresh lifetime highs during the session.
• Yes Bank was the top gainer, climbing over 3%, followed by Union Bank of India and IndusInd Bank.
• Thirteen of 14 Bank Nifty constituents traded in green, with Axis Bank being the sole exception.
• Experts predict a sustained move above 60,000 could lead to 60,600, with strong support at 59,200–59,100.

Why It Matters: Bank Nifty reached a new record high, fueled by positive Q3 updates and strong bank performance.