Bank Stocks Outlook For The Week - 10 To 14.09.2018

Bank Stocks Outlook For The Week - 10 To 14.09.2018

             Equity Cash/Futures/Options Segment 

Stocks of banks are seen in a narrow range in the coming week led by profit booking as uncertainty
in the global markets and volatility in the domestic currency continue to weigh on broader equities.
However, after losses across the Nifty Bank Index this week, some recovery could be expected in
stocks of private sector banks. However, stocks of public sector banks are likely to remain under
pressure. On a broader note, a slew of economic data due next week is likely to lend cues to the
sector. In addition to the Consumer Price Index-based inflation data for August being scheduled for Wednesday, industrial production data for July and current account deficit data for Apr-Jun, will also lend cues. Yesterday, post market hours, data by the Reserve Bank of India showed that India's current account deficit rose to $15.81 bln in Apr-Jun, the highest in five years as the merchandise trade deficit continued to balloon. Further, any developments with respect to stressed loans flagged by the RBI in its second list, being referred to the National Company Law Tribunal, will also be eyed.

Source : Cogencis Information Services Ltd.

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