Bank Stocks Outlook For The Week - 03 to 07.12.2018
Stock of banks are seen in a thin range in the coming week, with a downward bias, in-line with the
broader markets, adding that the Reserve Bank of India's monetary policy statement on Wednesday
will be the biggest event for the sector. The central bank is largely expected to maintain status quo
in its upcoming bi-monthly policy. India's GDP growth slumped to 7.1% in Jul-Sep from a nine-quarter high of 8.2% in Apr-Jun, the lowest growth in three quarters. The government's fiscal deficit too widened to 6.486 trln rupees in Apr-Oct, surging past the Budget estimate of 6.243 trln rupees, or 3.3% of GDP for 2018-19 (Apr-Mar). Stock of YES Bank will remain in focus over uncertainty, as the appointment of the new board is expected to be addressed in the coming week.
Source : Cogencis Information Services Ltd.
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Stock of banks are seen in a thin range in the coming week, with a downward bias, in-line with the
broader markets, adding that the Reserve Bank of India's monetary policy statement on Wednesday
will be the biggest event for the sector. The central bank is largely expected to maintain status quo
in its upcoming bi-monthly policy. India's GDP growth slumped to 7.1% in Jul-Sep from a nine-quarter high of 8.2% in Apr-Jun, the lowest growth in three quarters. The government's fiscal deficit too widened to 6.486 trln rupees in Apr-Oct, surging past the Budget estimate of 6.243 trln rupees, or 3.3% of GDP for 2018-19 (Apr-Mar). Stock of YES Bank will remain in focus over uncertainty, as the appointment of the new board is expected to be addressed in the coming week.
Source : Cogencis Information Services Ltd.
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