On Wednesday, public sector banks saw a small increase in value, and Hindalco Industries saw a spike following the filing of IPO documents by its US unit. However, gains were limited by a persistent decline in IT equities.
The benchmark Nifty has reached fresh record high levels for the third session in a row.
Aside from the IT sector, media stocks suffered as the index declined due to a decline in Zee shares.
This year, Nifty has seen seven days of record intraday highs, demonstrating its incredible strength. Rising bond yields in the US, which is a major emerging market concern, are not having an effect on India since FIIs have been compelled to scale back their selling because retail optimism and continuous DII purchasing have fully neutralized them. The key driver of the current market rally is the robust domestic buying, and the market is also fundamentally supported by the growing corporate earnings and the robust performance of the economy.