Nifty Bank 245 Points Short Of Record High; Sharad Avasthi Calls This Baking Stock 'No Brainer'

Banking stocks are leading the market rally, with Nifty Bank just 245 points short of its record high and PSU banks extending their gains. Is there more upside ahead for banking stocks? Sharad Avasthi, Head of Research (PCG), SMIFS, analyses the outlook for PSU banks, highlighting SBI, Indian Bank and Union Bank as stocks to watch. On the private banking front, HDFC Bank remains his top pick, with a target of ₹1,050–1,100. The discussion explores banking valuations, asset quality, growth prospects and the potential for a sustained recovery in the banking sector.