Small banks will outperform: Morgan Stanley

Small banks will outperform and the larger banks may consolidate, says Gaurav Doshi, Morgan Stanley Private Wealth, India.

Doshi told CNBC-TV18, "I think banks were a little oversold, so I would think that they in any case have just market related catching up to do but I think next week onwards they would stagnate a bit. Though again the markets have been so lackluster that investors have had time to analyze and figure out what every possible move RBI could make. So again don