Sensex wrapped up the financial year with 17 per cent gains to close at 38,672 on Friday.
Data suggests FPIs have pumped Rs 29,089 crore into domestic equities so far in March.
G Chokkalingam said banking stocks will have more room to grow.
Equity benchmarks Sensex, Nifty fell prey to profit taking in the second half of the session.
Fed rate cut, not yield curve, to foretell a US recession; and that looks sometime away: Morgan Stanley
US bond market has already started pricing in a Federal Reserve interest rate cut this year.
Sustained FPI inflow has been a major factor that has infused bullishness in market lately.
Brisk buying in most sectors, led by bank, financial, energy and metal packs in afternoon trade, pulled the market higher.
The domestic market danced on the tunes of its global peers that lurched lower after recession fears resurfaced in the US.
Asian Paints, Can Fin Homes among 10 stocks that analysts say can deliver decent returns in 2-3 weeks
Analysts said investors should adopt a prudent, stock-specific approach in such a market.
Sensex cracks 355 points, Nifty settles at 11,354; global recession fears & other factors spooking markets
Historically, an inverted yield curve has signalled an upcoming recession.
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