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Private banks fuel Indian indices rally post Axis Bank results
India’s indices gain, driven by private banking strength and post-earnings optimism in financials.
Indian stock indices rose today, led by strong performance in the private banking space following Axis Bank’s latest earnings. The Nifty 50 climbed ~0.48%, while Sensex added ~0.51%. Among 16 sectors tracked, 12 were in the green, with banks leading momentum. Other heavyweight names such as HDFC and ICICI also joined the rally, while IT lagged slightly. The move underscores how sentiment in financials can lift overall market tone, especially when macro cues and rate expectations align positively.