The sector which has seen massive outperformance in past few months are Automobile, Banking and FMCG
CPI inflation is seen at 5.3% for this fiscal. In Q2, it is seen at 5.1%, 4.5% in Q3 and 5.8% in Q4, with risks broadly balanced.
We cannot have our GDP growing at a steady 7-8% pace and the banking sector not participating.
There may be some sort of profit booking is due in the metal sector. However, looking at the global metal price this momentum is likely to continue
With the heightened activity in the IPO space, there could be some more subdued action in the secondary markets going forward
Rakesh Jhunjhunwala, also known as the Warren Buffett of India, believes that tax collections this year will surprise the government
RBL Bank Ltd has lost 23% over last one month compared to 9.61% fall in S&P BSE BANKEX index and 4.7% drop in the SENSEX.
Banking stocks were trading in the positive zone, with the S&P BSE BANKEX index rising 664.84 points or 1.63% at 41500.74 at 09:48 IST.
On a year-to-date basis, shares of ICICI Bank has jumped 18% to Rs 632.40 till date.