66.15% of Nifty50 weight is held by Financial services 37.82%, IT 16.53% and Oil & Gas 11.8%
Financial Services are just beginning to rise.
Crude Oil is on the verge of a multi year breakout.
PSU banks have come out of 10year consolidation.
IT index has been consolidating since Jan 2021.
Acc to me, this is just the beginning of a fresh rally but a small retracement is on the cards in the short term. The RBI comment to me isn't adding up just yet.