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Last Updated : Apr 16, 2013 10:51 AM IST | Source: CNBC-TV18

Sukhani upbeat on private banks, public sector banks

Sudarshan Sukhani of s2analytics.com is upbeat on private banks and public sector undertaking (PSUs) for short-term trading.


Sudarshan Sukhani of s2analytics.com is upbeat on private banks and public sector undertaking (PSUs) for short-term trading.


Sukhani told CNBC-TV18, "We have been upbeat on private banks and public sector undertaking (PSUs) for short- term trading. They have come in the buy list, so the key is to wait for the market to open, do not rush into it. If one can  sense a feeling of stability after the first half an hour then the Bank Nifty and the banking stocks are the buying  opportunities, focus on the four private sector and public sector banks, State Bank of India, Axis Bank, ICICI Bank  and HDFC Bank."


At 10:20 hrs State Bank of India was quoting at Rs 2,174.10, up Rs 29.40, or 1.37 percent. It has touched an intraday  high of Rs 2,180 and an intraday low of Rs 2,140.


The share touched its 52-week high Rs 2,550 and 52-week low Rs 1,846.95 on 10 January, 2013 and 16 May, 2012,  respectively. Currently, it is trading 14.74 percent below its 52-week high and 17.71 percent above its 52-week low. Market capitalisation stands at Rs 148,715.83 crore.



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First Published on Apr 16, 2013 10:51 am
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