SBI a best bet in banking space, says Paul

SBI is a best bet in banking space, says Abhijit Paul, Brics Securities.

Paul told CNBC-TV18, "Banks per se have a pretty high weightage on the Nifty but still there is lack of clarity in terms of where this down trend is likely to find some support. Bank Nifty and most of banks are in downtrend. In fact stocks like Axis Bank, Yes Bank are the once which have seen fresh bout of selling. Overall I sense that over a quarters time this sector per se will drag down probably not at the rate at which it has done over the last six months. Once that took 2-3 months time period is over and we manage to see some amount of buying coming in, within the largecap its SBI is the best bet.