Banks Lead The Rally

Throughout the fortnight Indian benchmark indices experienced a mixed bag of gains and losses, but the last trading session of the financial year helped the indices soar high and record substantial gains for the period. As a result, the BSE Sensex surged 2.36 per cent during the period while the Nifty 50 index climbed 2.19 per cent, owing primarily to robust gains in the banking sector. The shares of IndusInd Bank and Bank of Baroda led the banking rally with gains of over 6 per cent each while BSE Bankex stood out as the best-performing sector, gaining more than 3 per cent as concerns about the global banking system eased.