Banking Stocks Likely to Correct Further: Birla Sun MF

Table of Contents

Banking stocks are getting badly pounded on the bourses as most of them have announced rate hikes. There is also a growing fear that Reserve Bank of India (RBI) in its credit policy on December 16 review will increase rates.

In an interview to CNBC-TV18, Mahesh Patil, Birla Sun Life MF said that banking stocks are likely to correct further. According to him, markets may remain range bound in near-term.

Patil sees rising crude price to be risky for Indian markets.

Full Story: Click Here

Share the Post:

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.