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Nifty Extends Rally on IT Strength While Banking Sector Consolidates
Nifty Extends Rally on IT Strength While Banking Sector Consolidates
21
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BTCCSquare news:
Indian equities climbed for a fifth consecutive session, with the Nifty 50 index holding firmly above the 25,000 psychological level. The benchmark ROSE 0.29% to 25,122.55 by mid-morning, buoyed by strong performances in IT and consumer goods stocks. Market sentiment found support in anticipated GST reforms, though banking shares paused after recent gains.
Larsen & Toubro led advancers with a 1.52% surge, while Reliance Industries contributed to the upward momentum. "The Nifty's sustained breakout past 25,000 demonstrates underlying strength," noted Prashanth Tapse of Mehta Equities, contrasting with the Bank Nifty's consolidation below its record high of 57,628.40 points.
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