This heavyweight sector tops Diwali recommendations’ list as fortune changes

The Nifty Bank index has gained nearly 16% year-to-date, and hit a lifetime high of 41840.15 points in September. However, Nifty50 and Sensex have gained a little over 1% in the same period.Shares of most banks have outperformed the market, with many of the frontline as well as midcap stocks giving double-digit returns.

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