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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

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The outperformance may continue till the risk-on trade persists, said Abhimanyu Sofat, head of research at IIFL Securities

Bloomberg

1 min read Last Updated : Dec 17 2020 | 12:28 AM IST

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.

Topics : Markets Sensex Nifty Indian Banks bank stocks