HDFC Bank and ICICI Bank have spearheaded a resurgence in private banking sector, with significant contributions from other major players such as Axis Bank, Kotak Mahindra Bank, Bandhan Bank, and IndusInd Bank. Over the past month, HDFC Bank’s share price has increased by 8%, while ICICI Bank has seen an impressive 12% rally.
Market rotation signals steady growth ahead; financials and PSUs lead the charge: Rohit Srivastava
According to Rohit Srivastava, the Indian market is experiencing sector rotation, ensuring upward movement after consolidation. Financials, especially NBFCs, are leading the rally due to