IDBI Bank Led PSU Lenders Higher As Rally Deepened Into The Broader Market. Oil Fell. Rupee Rose

Indian markets extended their winning streak for a fourth consecutive session as the Nifty closed near 24,086, gaining almost 100 points, while Bank Nifty surged sharply. Strength in the rupee and a decline in crude oil prices boosted investor sentiment. PSU banks led the rally, with IDBI Bank soaring 17%, while UCO Bank, Punjab National Bank, and other public-sector lenders posted strong gains. Stocks such as CarTrade, Schneider Electric Infrastructure, Trent, Bharat Dynamics, HAL, and Cochin Shipyard also advanced. Several counters, including Data Patterns, Federal Bank, and Netweb Technologies, hit fresh record highs during the session.