5% consensus. 1% and agriculture barely moved. Systematix analysts note that the uneven performance highlights structural bottlenecks that could limit the durability of the current upswing. 9% to 19,750.
IT, consumer discretionary and financial services stocks led the rally, whereas heavy‑industry and auto shares lagged. Foreign portfolio investors added modest inflows, signalling a tentative vote of confidence after a cautious previous quarter. For retail investors, the headline growth is encouraging but the sectoral split calls for a balanced stance. Strong services support consumption‑linked equities, yet weak manufacturing may keep pressure on capital‑goods and export‑oriented stocks.
Diversifying across sectors and monitoring policy steps such as the Production‑Linked Incentive scheme can help mitigate volatility. 8% surprise fuels short‑term optimism, but sustained returns will hinge on a quicker pick‑up in lagging sectors and supportive fiscal measures.