“While RBI is expected to hold rates, the global factors like the rising bond yields and higher interest rates have led to negativity in the banking space,” said Andrew Holland, CEO-Avendus Capital Alternate Strategies. “The support levels for the banking index are hovering over at 42,000 levels.” The Nifty Bank index closed at 43,964.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Market expert Nischal Maheshwari advises investors to focus on fundamentals amidst market volatility. He notes large-cap growth remains single-digit, banks are poised for margin improvement,