Financials To Lead The Next Rally?

Contribution of the Banking Sector

We have seen that every stock market rally has different sectors contributing to market gains. The leadership however keeps revolving. The most important question that interests majority of the investors is: who will lead the next leg of rally that can be expected to take markets to all-time highs? Yogesh Supekar shares insights on the market condition while highlighting the importance of the banking sector stocks in one’s core portfolio 

he banking sector while being one of the most important and strategic sectors for the India growth story is also one of the largest wealth creators for its shareholders. Since June 2022 the banking sector has managed to add approximately ₹492,000 crore in market capitalisation, thus creating a huge amount of wealth for investors. Indeed, the banking sector is at the heart of the growth action in the one of the fastest growing economies of the world. The India growth story is intertwined with the banking growth story and the growth story of the economy, and the banking sector is somehow connected to the increasing digitisation story in India.