Indian markets pivot as banking stalls and metals & IT gain steam

India’s equity market is showcasing a clear sector-rotation pattern: banks and financials, which dominated earlier this year, are losing traction while metals and IT are taking the lead. Analysts point out that capital is shifting toward growth-linked sectors amid increasing global tech demand and commodity strength. Data from July reveals foreign institutional investors favouring mid-cap IT and infra, while domestic support moves toward metal and commodity plays. The balancing act will depend on valuations, earnings momentum and external triggers.