RBI policy commentary boosts bank stocks as private lenders lead intraday rally
Banking shares led gains after policy commentary suggested a balanced approach toward inflation control and growth support, improving sentiment across financial heavyweights.
What moved the market
Private banks saw broad-based buying interest as analysts interpreted policy language as supportive for credit growth without immediate pressure on funding costs. NBFCs also advanced as rate-volatility expectations moderated.
On the index front, financials contributed the bulk of the intraday move, with broader market breadth turning positive in the second half of trade.
Key takeaways for investors
Traders are watching follow-through in volumes and derivatives positioning around major index supports. Long-term investors may focus on banks with stronger deposit franchises and stable asset quality trends.
Disclaimer: This article is for information only and should not be considered investment advice.