On Wednesday, the Nifty Bank index, comprising India’s top 12 banking stocks, soared over 1,000 points to achieve a new milestone, largely driven by optimistic forecasts from brokerages favoring private banks. HDFC Bank led the charge with a 3% increase, propelling the index to an intraday high of 51,957 points, surpassing its previous record set on June 3. Despite broader market indices like Nifty and Sensex closing flat, Nifty Bank settled at 51,398.05, marking a 1.9% gain. Analysts attribute the surge to a buoyant economy, strong corporate earnings, and heightened credit demand.