Sector Rotation Reshapes Indian Market: 2024's Losers Become 2025's Winners

• Indian equity market sees sharp sector rotation; 2024's underperformers like Maruti Suzuki, Hindalco, SBI Life, Bajaj Finance, Tata Consumer surge over 50% in 2025.
• 2024's leaders such as Trent, HCL Tech, Power Grid, Infosys, Wipro reverse course, falling significantly in 2025.
• Sectoral data shows BSE Metal Index up 27%, Private Bank Index up 17.2%; while BSE Realty, SME IPO, and IT indices decline.
• Experts like Deven Choksey attribute shifts to natural rotation and fundamental strength, expecting fundamentals to guide 2026.
• Deepak Jasani notes cyclical sectors outperformed in 2025, driven by improved earnings visibility and global/local factors; no immediate reversal expected for early 2026.

Why It Matters: Indian market witnesses significant sector rotation, with 2024's laggards leading in 2025, driven by fundamentals.