PSU Banks Lead Gains While IT and Private Banks Pressure Indexes

Analysts pointed to the strong 2.8% weekly rise in the Nifty, buoyed by better‑than‑expected earnings from IT firms and solid income reports from banks. Yet they warned that escalating tensions in the Horumuz region and Brent crude hovering near $109 per barrel could pose fresh challenges. While foreign institutional investors (FIIs) returned as net buyers, attracted by attractive large‑cap valuations and a firm rupee, the high oil price backdrop may limit the optimism's duration.