Indian markets surged post U.S. Fed s rate hold. Oil price drop, robust auto sales, and Nifty50 rise lifted sentiment. BSE Sensex gained 171 points, led by HDFC Bank and Reliance, while Kotak Mahindra and Bharti Airtel dragged.
High weightage Nifty Financials rose 1.22%, after shedding 1.29% over the last four sessions. Nifty Realty index surged 6.76% to a new record high, led by Sobha, Macrotech Developers, Godrej Properties, and DLF.
Some banking and finance sector funds are actively managed. Among passive schemes, some track Nifty Bank Index, Nifty PSU Bank Index and Nifty Private Bank Index.