Banking Sector to be in limelight says Manghnani

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Banking Sector to be in limelight says Manghnani

Anil Manghnani of Modern Shares & Stock Brokers is of the view that banking sector to be in lime light. The banking sector did not fall as heavy as maybe some of realty sector, oil and gas or metals. So, the banking sector would be the key one and there would be the excitement or expectation of interest rate cuts, he added.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Anil Manghnani See what other Experts & Brokerages are saying about Axis Bank See messages about Axis Bank Axis Bank BSE | NSE 28/05/12 Are Mutual Funds betting on Axis Bank? Other Stocks in this news Bank Of India | Reliance Energy Ventures | Reliance Industries | State Bank of India |

Anil Manghnani of Modern Shares & Stock Brokers is of the view that banking sector to be in limelight.

Manghnani told CNBC-TV18, "The recent strong boys like Axis Bank , SBI and you can add Bank of India , some of these are in the Nifty not so much in the Sensex but even if you see the fall recently, the banking sector as an index maybe did not fall as heavy as maybe some of realty sector or the oil and gas or metals. So, the banking sector would be the key one and there would be the excitement or expectation of interest rate cuts. So that sector would definitely be in the limelight but Reliance would definitely be the other one and you add the way Reliance Energy seems to be pulling back after every fall that would also be one of the bigger ones on the indices."