After opening at a record high on Wednesday, the Indian benchmark indices traded flat. The Nifty 50 finished at 23,408, down 36 points, despite reaching a new high of 23,664.00. In contrast, the Sensex closed in green at 77,331, up 54 points. The Bank Nifty gained nearly 1,400 points, setting a new all-time high.

Private banks outperformed the Nifty, with HDFC Bank, Axis Bank, RBL Bank, ICICI Bank, IndusInd Bank, and Kotak Bank all making large gains. Notably, the Nifty Bank index rose to 51,900 for the first time, led by Axis Bank, HDFC Bank, ICICI Bank, and IndusInd Bank. Bank stocks gained approximately Rs 81 crore in market capitalisation during the day, reported ANI.