Bank shares are seen under pressure owing to bearish sentiment stemming from fears high inflation and oil prices are here to stay for some more time.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>&#34In the current juncture, it is the sentiment that will drive bank stocks and not fundamentals. Though valuations look attractive, the overall sentiment is negative because of double-digit inflation and rising crude oil prices,&#34 said Ravi Shankar, research analyst, Religare Securities. 
</p><p class='TableClas'>Crude oil futures for August delivery on NYMEX hit an all-time high of $142.12 a barrel intraday today due to supply concerns from Libya, dollar weakness, and heavy speculative buying. India&#39;s headline inflation for week ended June 14 stood at 11.42 per cent 

Bank stocks under pressure, IT remains tepid

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