The banking sector kind of sphere-headed the selling in December, and more particularly in January. Today, Bank of Baroda, Karur Vysya Bank, IOB, UCO Bank,OBC and Allahabad Bank reported their third quarter results. In fact, Bank of Baroda reported numbers which were slightly higher even than street expectations.
Two experts who track this space closely are Abhijit Mazumdar, banking analyst of Prabhudas Lilladher and Hemindra Hazari of Karvy Stock Broking who debated on CNBC-TV18 if these numbers have made a difference and going ahead, how is the sector panning out. For Mazumdar, while BoB is a top pick from the PSU space, he finds HDFC Bank a top pic from the private pack. According to Hazari, Q3 is not a major concern for banks.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
