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Bank Nifty

Discussion in 'Fundamental Analysis' started by sujan4bw, Aug 27, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi All,

    Bank nifty is performing bad. Today below 4 banking stocks hit 52 week low. we would experience same performance from banking sector for some more time.

    Union Bank
    Canara Bank
    Bank of Baroda
    Punjab National Bank

    Bank of India is just 2% short to 52 week low.

    Shabbir, please correct me If I'm wrong.

    Regards
    Sujan
     

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    sujan4bw, Aug 27, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Interest related sectors is badly effected for a long time now because the way we handled the inflation. The issue was somewhere else (needless to say) but we wanted RBI to get that inflation down. It meant interest rate were inflated and we had liquidity crunch. It made market to crash and more badly the Bank Nifty.

    As of now also there are lot of issues with bank because inflation has not cooled off as expected and now our new finance minister is working hard to get back on track growth.

    This would mean bank has to be hit and so I think banks are best avoided in the current scenarios.

    Now Nifty is sum total of all stocks and if few of them goes down, it would pull the nifty down always.
     
    shabbir, Aug 27, 2012
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