Bank Nifty hits record high on FDI buzz; Will RBI play spoilsport?

Brokerage Edelweiss Securities noted the move would raise the probability of inclusion in MSCI and higher weights for private banks, which were near the FII threshold limit.

Bank Nifty hits record high on FDI buzz;
HDFC Bank rallied as much as 3.4 per cent to touch an all-time high of 1,954 on the NSE. Image source: Reuters

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