Budget Impact: Good opportunity to add back banks

English: ICICI Bank - Leeds Branch - Roundhay Road

Image via Wikipedia

Banks slide in face of credit deterioration statement pending from rating agencies and international banking waiting on budget not helped by continuing concerns over fiscal discipline post budget, Mean expectation will likely move to a position that without measures Fisc not 5.1% but 6.1%.

Banks hit hard include PSE banks and SBI on NPA concerns.

However trading momentum on downside can help investors get in as banks remain stars in the coming 8% growth binge once the fisc charter adjusts to the new gap , and no inflation overruns helps us crosss the hump in the first 6 months

Esp HDFC Bank and ICICI Bank among the larger banks and mid cap banks post results for Q1 But downtrend may not be stemmed immediately , buy in small quantities.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s