Bank Stocks Outlook For The Week - 24 To 28.12.2018
Stocks of banks are seen volatile in the coming week, taking cues from broader markets on lack of
signals in the financial services sector. Broader markets will take cues from the outcome of the GST
Council meet, scheduled for Saturday, where it is likely to take a call on reducing the goods and
services tax to 18% from 28% on a range of goods. Markets will also track global cues, especially
US equities on concerns of a partial shutdown of the government. Expiry of the December
derivative series on Thursday will also lend direction to the sector, volumes are generally seen lower in the last week of the current calendar year, and due to the next week being a truncated one. Any developments from the meeting of the new Reserve Bank of India Governor Shaktikanta Das with the heads of banks will be keenly eyed by the sector.
Source : Cogencis Information Services Ltd.
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Stocks of banks are seen volatile in the coming week, taking cues from broader markets on lack of
signals in the financial services sector. Broader markets will take cues from the outcome of the GST
Council meet, scheduled for Saturday, where it is likely to take a call on reducing the goods and
services tax to 18% from 28% on a range of goods. Markets will also track global cues, especially
US equities on concerns of a partial shutdown of the government. Expiry of the December
derivative series on Thursday will also lend direction to the sector, volumes are generally seen lower in the last week of the current calendar year, and due to the next week being a truncated one. Any developments from the meeting of the new Reserve Bank of India Governor Shaktikanta Das with the heads of banks will be keenly eyed by the sector.
Source : Cogencis Information Services Ltd.
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