Bank Stocks Outlook For The Week - 24 To 28.09.2018
Next week, stocks of banks are seen continuing their weak trend due to lower demand from
investors amid volatility in the bond and currency markets. We are also expected to remain cautious
ahead of the meeting of the Reserve Bank of India's Monetary Policy Committee, scheduled for Oct
3-5. Most banks, especially those in the public sector, have reported marked-to-market losses on
their bond portfolios, which may continue and maintain pressure on their earnings for the September
quarter. Additionally, the view on state-owned banks is negative, as the proposed three-way amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank is not seen as favoring minority shareholders. Investors will take cues from the decisions of the boards of these banks on the proposed merger. The decisions, and further mergerrelated developments, are expected next week.
Among private sector banks, YES Bank, which ended 29% lower yesterday, will be in focus on
Tuesday as the bank's board will meet to decide the course after the RBI limited Rana Kapoor's
fresh term to just five months, against a three-year extension sought by the bank. Amid expected
selling in stocks of non-banking financial companies next week, select banks such as HDFC Bank
and Kotak Mahindra Bank may see buying because of re-allocation of funds. Yesterday, stocks of
housing finance companies slumped after DSP Mutual Fund sold a large quantum of papers of
Dewan Housing Finance Corp Ltd, which stoked fears of a liquidity crunch and had a rub-off effect
on the indices at large.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Equity Cash/Futures/Options Segment
Register for Daily Rs 2000/- Profit in Stock Options
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Next week, stocks of banks are seen continuing their weak trend due to lower demand from
investors amid volatility in the bond and currency markets. We are also expected to remain cautious
ahead of the meeting of the Reserve Bank of India's Monetary Policy Committee, scheduled for Oct
3-5. Most banks, especially those in the public sector, have reported marked-to-market losses on
their bond portfolios, which may continue and maintain pressure on their earnings for the September
quarter. Additionally, the view on state-owned banks is negative, as the proposed three-way amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank is not seen as favoring minority shareholders. Investors will take cues from the decisions of the boards of these banks on the proposed merger. The decisions, and further mergerrelated developments, are expected next week.
Among private sector banks, YES Bank, which ended 29% lower yesterday, will be in focus on
Tuesday as the bank's board will meet to decide the course after the RBI limited Rana Kapoor's
fresh term to just five months, against a three-year extension sought by the bank. Amid expected
selling in stocks of non-banking financial companies next week, select banks such as HDFC Bank
and Kotak Mahindra Bank may see buying because of re-allocation of funds. Yesterday, stocks of
housing finance companies slumped after DSP Mutual Fund sold a large quantum of papers of
Dewan Housing Finance Corp Ltd, which stoked fears of a liquidity crunch and had a rub-off effect
on the indices at large.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
