Nifty 50 hit its record high on December 1, 2023, after 51 trade sessions. Ever since its last record high of 20,222.45 on September 15, 2023, the banking and IT sectors have been witnessing a considerable decline. The present record high comes in the backdrop of the underperformance of the top 5 Nifty heavyweights, three of which are banking and IT stocks.
