The Nifty Financial Services Index is down 8.9 per cent over the past year. However, it has rebounded strongly in recent months: It has risen 13.8 per cent over the past month and 16.4 per cent over the past three months. The big question is whether this rebound will sustain. A number of factors have contributed to the recent rally in banking and financial services stocks. “Going by the high-frequ
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