In a fervent market rally, the Indian markets reached new peaks, propelled by the performance of IT giants. The IT sector, showing early signs of recovery, particularly in the Banking, Financial Services, and Insurance (BFSI) segment, has significantly influenced market sentiments. The belief in an improved outlook for BFSI in FY24-25 was a key driver behind the soaring performance of IT heavyweights on Friday.
On Monday, 1855 stocks advanced, 2133 declined and 96 remained unchanged, with an advance decline ratio of 0.86 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.