 "cash, currency, notes, funds, investment, shares, growth, profit, loss, tax, money, income, earnings")
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-frequency indicators, the economy appears to be getting back on its feet. And while earlier there was talk that banks would have to bear the interest cost on loans under moratorium,
