Will the Bank Nifty have the last laugh?
The stage is set for the Bank Nifty catching up, albeit with some gyrations. Investors could well participate in the last leg of the rally riding on the Bank Nifty
September 01, 2021 / 02:45 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
While India’s benchmark Nifty index had a stupendous rally from the bottom amid the pandemic, the financial pack, with close to a 35 per cent weight, had not taken up the leadership mantle and under-performed. The banking pack — best represented by the Bank Nifty Index that had historically outperformed Nifty in almost all the bull runs — had lagged behind this time around. It is true that a heightened economic impact of the pandemic and its ramification on...