Hey hi guys can any one know the reason why banking sector price are down today...?
Is their any change in RBI Rates.
2 Replies
Bijoy N.Momaya
(www.RupeeResearch.com (Eqty Advisory & Stock Broker))
(477 Points)
Replied 12 December 2010
Hello Mayur,
Yeah, banking sector has corrected alot on account of huge profit booking.. It is because of FII's are exiting from banking stocks on account of festive season & year ending. I would suggest you to remain invested as we may see a bounce back in banking stocks soon. Fundamentally the stocks like ICICI, IDBI & few more are oversold & i expect them to give decent returns in near future.
Markets are likely to enter a new bull run from January 2011. We may see BSE hits 24500-25000 & NSE hittings 6800-7000 soon.
Thnks & Regards,
Bijoy Momaya
Ramalingam K
(Founder & Director - Holistic Investment Planners (P) Limited)
(21077 Points)
Replied 13 May 2014
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Regards
Ramalingam K, MBA, CFP,
Director and Chief Financial Planner,
Holistic Investment Planners
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