GOLDEN RULES FOR TRADING

Bank Stocks Outlook For The Week - 12 To 16.11.2018

Bank Stocks Outlook For The Week - 12 To 16.11.2018

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             Equity Cash/Futures/Options Segment 

Stocks of banks are expected to be upbeat in the coming week, in-line with broader market indices,
which are seen gaining due to the fall in global crude oil prices. Consumer Price Index-based
inflation data for October, which will be released post market hours on Monday, will also support
the market as it is expected to be positive. The inflation is likely to have inched down to 3.6% in
October, primarily on account of the statistical effect of a high base. On a stock-specific basis, the movement will largely depend on the Jul-Sep earnings of banks. Bank of India, Punjab & Sind Bank, Allahabad Bank, United Bank of India, Central Bank of India and IDBI Bank are scheduled to release their results in the coming week.

Source : Cogencis Information Services Ltd.

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