Stock market today, April 16 -- Despite dips in the Indian frontline indices-BSE Sensex and NSE Nifty 50-the Nifty Bank index extended the uptrend for the third straight session. The Bank Nifty today opened upside at 52,690 and touched an intraday high of 52,821, logging an intraday gain of 442 points or over 1.80%. While climbing to today's peak, the Bank Nifty index logged around 2,600 points or over 5% rise in the last three straight sessions.

According to stock market experts, this divergent trend in the key benchmark indices of the Indian stock market can be attributed to these five major reasons: rate cut buzz, strong Q4 results 2025, better-than-expected CPI inflation in India during March 2025, strong business updates by Indian b...