Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%

So far in 2022, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each.

The equity markets have exhibited resilience to recent sell-offs, with banking stocks leading the rally from the forefront. Since early November, the Nifty Bank Index has scaled record highs and has now surpassed the 44,000-mark, a sentimental trigger for further optimism. 

So far this year, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each. 

On a year-to-date basis, within the banking space, the Nifty PSU Bank index has outperformed the Nifty Private Index by skyrocketing 78 per cent, compared to