The benchmarks– the Nifty 50 and the Sensex, ended the session in the red for the sixth straight session, albeit off the day’s lows. However, it was the broader market that took a beating in today’s session, with the smallcap and midcap indices shedding around 3 percent and 2 percent, respectively.
Bank Stocks
IEX tumbles on market coupling buzz
Market coupling is a model where buy bids and sell bids from all power exchanges in the country will be aggregated and matched to discover a uniform MCP.
Bank Stocks Heading for Correction: Expert
Gold Silver Reports — Shares of India’s banks may be set for a pullback, according to Vikas Gattani, chief investment officer at Singapore-based fund manager Progress Asia Capital and Advisors Pte.
“In the absence of any sharp uptick in banking credit and a major redressal in the banks’ balance sheets via capital injection or otherwise, we fear that this sector could severely correct if the earnings do not keep pace with expectations,“.