Historically, the shift in bets from private to public sector banks has been a valuation play. But over the last few years, public sector banks have seen a structural change in their financial health, with a significant improvement in asset quality, strong credit growth, robust balance sheets, and all-time high profits.
Tech View: Nifty indicators give positive signals, likely to face resistance at 24,694. How to trade tomorrow
Nifty formed a bullish candle today, closing at a 5-session high after establishing a triple bottom in the 24,073-24,140 range. Indicators signal a bullish short-term