Bank Nifty gains 680 points as HDFC, ICICI, other bank shares jump

Bank Nifty index rallied around 680 points to hit 53,375 on Wednesday. This was driven by a rise in shares of banks. HDFC Bank shares rose 2.1% to ₹1,865, while those of ICICI Bank hit ₹1,320. SBI shares gained 1% to trade at Rs 863, and Bajaj Finance rose 1.2% to ₹6,753. Kotak Mahindra Bank also advanced 0.6% to ₹1,759.