Bharti Airtel briefly surpassed HDFC Bank to become India’s second-most valuable company on Monday, with its market capitalization reaching ₹11.9 lakh crore. However, HDFC Bank’s shares rebounded, pushing it back to the second spot by market close. This shift reflects the underperformance of traditional heavyweights like IT and banks.
IT stocks see tactical rotation as banking fatigue triggers sector shift: Dhananjay Sinha
The Indian IT sector’s recent interest is seen as tactical, not structural, as banking stocks show fatigue. Rising crude oil prices are driving inflation, potentially