Banking stocks rallied with Axis Bank and HDFC Bank rising over 3% after the Reserve Bank of India announced liquidity measures worth Rs 1.5 lakh crore, boosting investor sentiment. The RBI’s steps, including government securities purchases and repo auctions, aim to ease liquidity conditions and raise the chances of a rate cut in February. The BSE Bankex surged 1.65%, led by gains in Axis Bank, HDFC Bank, and ICICI Bank.
