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What lies ahead for bank stocks amid Middle East tensions, oil rally?

Besides, uncertainty over the capital infusion proposal for the public sector banks (PSBs) under the upcoming Union Budget for 2020-21 has also soured investor sentiment.

Topics
Markets | Markets Sensex Nifty | bank stocks

Nikita Vashisht  |  New Delhi 

Banks
Banks

A surprise air-strike by the US that killed Iran’s key military leader Qassem Soleimani, on January 3, spooked financial across the world and Indian have been no different. The development saw a sharp spike in crude oil prices stoking fears of inflationary pressure which, in effect, could prompt the Reserve Bank of India (RBI) to hold interest rates. This, according to analysts, has weakened prospects of banking stocks, and they expect some correction in these counters.

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First Published: Tue, January 07 2020. 11:04 IST
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