Banking and financials services have been a key driver of the current rally, which lifted benchmark indices Sensex and Nifty to fresh six-month high. Key reasons behind this spike are hope of stable government at Centre and consistent FII inflow.

Bank Nifty rallied 10 percent in March against more than 5 percent gains in Nifty50.

Index constituents Punjab National Bank, Bank Of Baroda, IndusInd Bank, IDFC First Bank, ICICI Bank, RBL Bank and SBI rallied 10-20 percent during current month. Kotak Mahindra Bank, Federal Bank, HDFC Bank, Yes Bank and Axis Bank gained 5-9 percent.