Across large caps, Vodafone Idea rallied alongside State Bank of India as investors rotated into telecom and financials. Multiple names in these groups posted gains of up to 25% this month on improving earnings visibility and balance-sheet repair. Traders pointed to easing rate expectations, resilient credit growth, and steady tariff momentum as key drivers. While breadth favored cyclicals, analysts cautioned on rich short-term valuations and urged selectivity in leveraged plays. Momentum screens showed sustained delivery buying in leaders, supporting the ongoing breakout attempts.