There are two things happening. One is, the banks which were very efficient, their asset quality improvement cycle is over and we will not probably see further asset quality improvement for these efficient frontline banks.Now, asset quality improvement is coming in banks which were laggard erstwhile. Let us say PNB, there is an asset quality improvement, there is a Bandhan Bank there is asset quality improvement.
Death Crossovers: These 4 stocks signal bearishness on Dec 23
In the Nifty 500, four stocks were witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness.
December 23, 2024