Sectoral rotation aggressively lifted the domestic market today. While the IT index delivered a stellar 3.92% outperformance, markets are preemptively pricing in banking sector dynamics for Q2 FY27. Elevated FCNR(B) deposits are expected to temporarily compress reported Net Interest Margins (NIMs), though strong core operating profit growth among private lenders should provide a robust buffer. Tune into tonight's podcast as we dissect these banking headwinds and evaluate technical pivot zones ahead of Monday's trade. Get the facts here.
