- Published at
- by economictimes.indiatimes.com
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BFSI and IT halt 7-day bull run; banks and financials remain market’s best turnaround bets —here’s why
Market fall was driven by US-India trade negotiations and profit booking, with BFSI and IT stocks taking a hit. While Motilal Oswal sees potential in BFSI, Kotak Institutional Equities warns of downgrades in future earnings. Despite short-term uncertainty, BFSI stocks like ICICI Bank and HDFC Bank remain strong, with Jefferies and Anand Rathi continuing to favor private banks and NBFCs.