Bank Stocks Outlook For The Week - 29.10.2018 To 02.11.2018
Stocks of banks are seen extending their losses next week as sentiment for the sector remains weak
amid the ongoing panic in financial markets, after debt-laden Infrastructure Leasing & Infrastructure
Services Ltd highlighted the liquidity crunch in the non-banking finance space. The sector is also
seen tracking global economic data for cues. US GDP data for Jul-Sep will be in focus to assess the
Federal Reserve's stance on further rate hikes. September quarter earnings of banks will lend cues to
specific stocks, especially with several public sector banks slated to detail their results next week.
Union Bank of India, Vijaya Bank, Bank of Baroda, Dena Bank, Bank of Maharashtra, Canara Bank,
Axis Bank and Dhanlaxmi Bank are scheduled to declare their Jul-Sep earnings in the upcoming
week.
Source : Cogencis Information Services Ltd.
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Stocks of banks are seen extending their losses next week as sentiment for the sector remains weak
amid the ongoing panic in financial markets, after debt-laden Infrastructure Leasing & Infrastructure
Services Ltd highlighted the liquidity crunch in the non-banking finance space. The sector is also
seen tracking global economic data for cues. US GDP data for Jul-Sep will be in focus to assess the
Federal Reserve's stance on further rate hikes. September quarter earnings of banks will lend cues to
specific stocks, especially with several public sector banks slated to detail their results next week.
Union Bank of India, Vijaya Bank, Bank of Baroda, Dena Bank, Bank of Maharashtra, Canara Bank,
Axis Bank and Dhanlaxmi Bank are scheduled to declare their Jul-Sep earnings in the upcoming
week.
Source : Cogencis Information Services Ltd.
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