Till Nifty Bank defends the support range of 20,800 to 20,600 level, the rebound may see aggressive buying momentum.
Though the rally has eased slightly, the m-cap is only 1% shy of a record, despite Nifty being down 6% from its all-time high reached in January
Rs 47,000 crore raise by private banks in two months may be just adequate to meet the provisioning costs
Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks
Hopes of improvement in asset quality, better credit growth and lower valuations are supporting factors
Buffett, the fifth-richest person in the world, has loved few things more in his life than sweets, soda and compound interest - but banking stocks have come pretty close
That apart, NBFC stocks such as Bajaj Financial Holding, Bajaj Finserv, M&M Finance, Choldamandalam Investment and Finance Company, and Bajaj Finance tumbled up to 5 per cent
Sensex rises 2.1%, Bankex surges 3.8% after SC directions in AGR case
The Supreme Court, during the hearing, indicated that it was not considering a complete waiver of interest but was only concerned that postponement of interest shouldn't accrue further interest on it.
The month of May saw two large share sales -Rs 25,000-crore in Hindustan Unilever (HUL), and Rs 8,400-crore in Bharti Airtel (Airtel
The gains come after huge selling pressure and consequent under-performance of banking stocks since the start of March
The rally has been underpinned by sharp gains in banking stocks. The Bank Nifty index has rallied 9.9 per cent in the past two sessions
Sensex gains 996 points as banking stocks rally
Relaxation in the two segments is positive of asset quality recovery, but investors should await clarity from post-results commentary
Banking stocks have lagged the market in the rebound off coronavirus lows, hit on March 23, 2020
The performance of banking stocks is likely to weigh on the markets
ICICI Bank stock has corrected 37 per cent in three months. But investors should not rush into it
After dropping 6% a day earlier, the markets attempted to rebound with the Sensex gaining as much as 550 points intra-day amid gains in the global markets
Large brokerages are fast losing their conviction on the sector that has multiple challenges
The weight of FMCG, software and pharma companies in Nifty now at 31.5% from 25.3% in December 2017