Rotational run-up: Banking, metal stocks top performers, pharma upswing seen

Mumbai, Dec 9 : As the Indian equity market witnesses a record run amid the Covid-19 pandemic, an anatomy of the market movement shows the rise in equities have been on a rotational basis.
Bluntly, sectors such as banking, metal, telecom, cement, infra, FMCG, automobile and realty have attracted massive buying bursts from time to time.
As of now, it is the financial, banking and metal stocks that are ruling the roost as top performing sectors.
Since October 14 till date, public sector banks have surged 43 per cent, while metal stocks have grown 33 per cent.
Data furnished by ICICI Securities showed that banking and CPSE stocks rose 27 per cent while telecom stocks have increased 22 per cent.
Mid-caps and small-caps have grown 21 per cent and 16 per cent respectively.