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Saturday, 4 May 2013

Stock Market Latest Up Downs

Maeket Entering Choppy Waters, Bank Nifty To Fall More

After topping the psychological 6000-mark on Thursday, Nifty today tumbled nearly 1 percent as investors were disheartened with Reserve Bank of India's hawkish tone in its annual monetary policy. Experts believe that key indices are now probably again entering the choppy terrains; advise to avoid bravery as they see Bank Nifty falling in next week.

EXPERT ADVICE - 
"The markets are entering a choppy area. This is not a good time to be brave; you buy only severe dips and also go short on these rallies."

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Investment strategy for banking stocks

Experts advises to remain far from public sector banks as they are seen under more pressure after RBI’s monetary policy. Bhat said that the new final guideline on restructuring dynamic provisioning is not good news for the public sector banks.


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