Don’t think this FII selling is a long term thing: Rana B Gupta

I think globally stock markets are in a bit of a volatile mode. So people are doing their adjustments. But I do not think the situation is permanent. I think ultimately the broader signs are getting clearer which will of course take medium to long term to see effect play out

Hot Stocks: Brokerage views on ICICI Bank, Axis Bank, Tata Motors and Hindalco

Morgan Stanley maintained a positive view of private sector banks such as ICICI Bank and Axis Bank. Indian banks’ balance sheets are much stronger now, said Morgan Stanley. The global investment bank expects margins to moderate over the next 4 quarters. However, it remains watchful on deposit growth amid elevated inflation.