The domestic equity benchmarks rocketed higher today, with the Nifty50 breaching a fresh record and settling above 22,950. Banking and financial stocks led the charge, fueled by the RBI's surprise Rs 2.11 lakh crore dividend payout to the government. This windfall gives the government more elbow room, potentially translating to lower borrowing and interest rates. This scenario is a boon for banks, boosting their treasury income and paving the way for increased government infrastructure spending. Read The Rest at :