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Financials gain as L&T Finance surges over ten percent alongside broad market recovery
L&T Finance Holdings jumped over 10% as financial stocks gained on stronger earnings outlook, easing yields, and renewed investor confidence in India’s lending cycle.
L&T Finance Holdings led financial sector gains, rallying 10.3 percent to close near its 52-week high, while BSE shares climbed over nine percent during Monday’s session. Broader optimism around declining yields and solid quarterly updates across lenders lifted sentiment. Analysts said moderating funding costs and improving asset quality are likely to sustain momentum in financial stocks.
The renewed buying interest followed several sessions of weakness, indicating improving confidence in India’s lending cycle amid consistent policy stability and resilient credit demand across retail portfolios.