Bank Stocks Outlook for the Week – 20 to 24.06.2016
Caution expected next
week; 'Brexit' vote eyed
( www.rupeedesk.in )
Bank stocks are likely to
trade with caution next week, with uncertainty surrounding the future of the UK as a member of the
European Union to be the primary driving force. Market movement next week will depend upon the
referendum on Britain exit from the European Union. The referendum to decide whether the UK will
continue to be a part of, or exit the European Union, is scheduled for
Thursday. Yesterday, campaigning in
the UK to either 'leave' or 'remain' in the European Union was suspended for the second
consecutive day following the murder of British Member of Parliament Jo Cox on Thursday.
Cox was shot and stabbed
several times after a meeting in her constituency. While investigations are on, it is suspected that
Cox may have been killed for being an active supporter of the UK remaining part of the European
Union. Her assailant was said to have shouted "put Britain first" at
least twice before assaulting her,
according to BBC. Yesterday, Nifty Bank ended at 17696.05 points, down 0.7% for the week.
