Bank Nifty outperforms with 25% gain
Banking stocks have been on fire over the past three months, driving the gains of the broader market, and have been second only to fast-moving consumer goods stocks in terms of gains. For perspective, the Nifty Bank has surged 25 percent, while the broader Nifty 50 gained 14 percent in this period. Other sectoral indices have underperformed, with gains not more than 20 percent and some such as information technology showing a drop of 1 percent. Read more here.