Street signs: Bank stocks to dictate direction, Equitas SFB a hit, and more

Equitas Small Finance Bank (SFB) is likely to see good response for its Rs 520-crore IPO, going by the trend in the grey market

Bank stocks to dictate the direction

The Nifty and the Bank Nifty indices closed last week with a loss of 1.3 per cent, ending at 11,762 and 23,533, respectively. Analysts believe financial stocks are interestingly poised and will set the tone for the markets. “The Bank Nifty has established a Bullish Harami pattern. In the next few days, it looks like the broader market will move towards the trend in financial