The Nifty Bank index vaulted to an unprecedented record high of 58,942.60 on Monday, rising 0.7% and setting the tone for a strong start to the week as a surge in banking shares, led by Canara Bank, IDFC First Bank, AU Small Finance Bank and Kotak Mahindra Bank, energised broader benchmarks already buoyed by improving earnings momentum and renewed investor confidence following the NDA’s win in the Bihar Elections 2025.