Moneycontrol
Oct 23, 2017 08:56 AM IST | Source: Moneycontrol.com

Dichotomy between Nifty and Bank Nifty

Clearly, the corporate facing banks, ICICI Bank and Axis Bank are going through second round of virtual de-rating and add State Bank of India as well to that list.

This month if you take a look at what has happened with the market, the Bank Nifty is down and the Nifty is up 3.5 percent, which is remarkable. Not only is the Nifty up 3.5 percent, but the midcap index is up 4 percent at a time when the Bank Nifty is down which is interesting. The dichotomy is because clearly, the corporate facing banks, ICICI Bank and Axis Bank are going through second round of virtual de-rating add State Bank of India (BoI) as well to that list.

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