Last week, Bank Nifty outperformed the Nifty50 for 4th consecutive week. This is a rare event where Bank Nifty has generated positive gains in all 4 consecutive weeks & simultaneously outperforming Nifty50🚀
Since 2014, there have been 12 instances where the Bank Nifty outperformed the Nifty50 for 4 consecutive weeks. The average 1-month, 2-month & 3-month forward returns for Bank Nifty stand at 0.20%, 4.68% & 6.07% resp. while the Nifty50 gains 0.54%, 3.86% & 4.23% resp. 
In an even rare scenario, when Bank Nifty generates positive returns in all 4 weeks and also outperforms the Nifty50 index, the index shows higher average returns over the following months📊
Since 2014, there have been only 5 such instances and the average 1-month, 2-month and 3-month forward returns for Bank Nifty jumps up to 0.74%, 6.54% and 7.98% respectively
In the same period, the Nifty50 index falls 0.21%, while gaining 3.51% and 5.25% respectively
The week ended on March 7th 2024 witnessed the outperformance of the Bank Nifty as well as positive gains in all 4 weeks. This augurs well for the Bank Nifty bulls
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