03 Oct 2025 | 5 Mins Read
Bank Nifty recovers on Axis, Kotak Bank led rally
Flipitmoney
Bank Nifty rebounded, climbing 400 points to trade above 55,550, led by gains in private lenders Axis Bank and Kotak Mahindra Bank. Analysts said RBI's measures to boost credit growth and regulatory clarity supported sentiment in the banking space. Morgan Stanley maintained "overweight" ratings on these banks with price targets of Rs 1,450 and Rs 2,600, implying a 25% and 30% upside respectively.