GOLDEN RULES FOR TRADING

Bank Stocks Outlook for the week – 23 to 28.02.2015

Bank Stocks Outlook for the week – 23 to 28.02.2015

Bank stocks are expected to be volatile ahead of contract expiry on Thursday, while the overall bias remains negative. The Bank Nifty fell 1.5% from the previous week to end at 19073.55 Yesterday.

We are advised to investors to be cautious ahead of the Union Budget 2015-16, scheduled for
Feb 28. With capital requirement set to rise towards Basel-III transition, PSU banks will keenly await the government's roadmap on capital infusion for 2015-16.


Apart from the capital raising roadmap, several changes in the banking space focusing on asset recovery and revival of capital expenditure are expected, State Bank of India said in a prebudget note.