Why banking sector is down today

Hello Mayur,

Yeah, banking sector has corrected alot on account of huge profit booking.. It is because of FII's are exiting from banking stocks on account of festive season & year ending. I would suggest you to remain invested as we may see a bounce back in banking stocks soon. Fundamentally the stocks like ICICI, IDBI & few more are oversold & i expect them to give decent returns in near future.

Markets are likely to enter a new bull run from January 2011. We may see BSE hits 24500-25000 & NSE hittings 6800-7000 soon.

Thnks & Regards,

Bijoy Momaya

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