PSB stocks are factoring in most positives: CLSA's Chris Wood

Wood said that the failure to address banking sector issue more proactively has been the one major piece of unfinished business in the Narendra Modi-administration

Despite the government's Rs 2.11-lakh crore recapitalisation package for public sector banks (PSBs), Christopher Wood, managing director and equity strategist at CLSA chose not to add these stocks to his portfolio citing the runaway rally in these stocks. He, however, says that the step is in the right direction and will go a long way in meeting the capital requirement of these cash-starved PSBs.

"What GREED & fear has long been waiting for has finally happened in India. That is the announcement by India's Ministry of Finance on