Back with a bang: Bankex outperforming Sensex, sharpest since 2009
A 44 per cent surge since September 30 means a gauge of lenders is beating the benchmark S&P BSE Sensex by more than 20 percentage points this quarter - the most since 2009
 "Back with a bang: Bankex outperforming Sensex, sharpest since 2009")
premium
Banking stocks are emerging as the biggest beneficiaries of the sharp shift in favor of cyclical sectors in India amid increasing optimism over an economic recovery.
A 44 per cent surge since September 30 means a gauge of lenders is beating the benchmark S&P BSE Sensex by more than 20 percentage points this quarter — the most since 2009 — after three straight quarters of underperformance.
The outperformance may continue till the risk-on trade persists, said Abhimanyu Sofat, head of research at IIFL Securities.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%