Fundamentally, the valuations had turned at 16,800-17,00 level with PE of 17.5-18x FY24 earnings and continued healthy double-digit growth in earnings despite rapid rate hikes and uncertainties globally.
Bank stocks lead market recovery as Nifty closes above 25,000
On Monday, market indices Sensex and Nifty showed a recovery following heavy intraday losses. Investors reacted positively to gains in banking stocks driven by foreign