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    Nifty Financial Services stocks: Is divergence in performance of each segment likely to spike?

    Synopsis

    Last week, when the correction hit the Indian markets, it was the financial sector which suffered the maximum damage. But if one looks slightly deeper, there are certain segments which were able to recover faster than others. Some PSU banks have been able to recover faster whereas in the private banks and insurance space recovery is slower. Now this slower place of recovery could be a continuation of the trend of range bound movement which private banks like HDFC bank, Kotak Mahindra and IndusInd bank have been witnessing for the last three years. Going forward it is very likely that we might see even more divergence in the performance of financial sector stocks. So, be careful both in buying and selling decisions in financial space.

    While there are still many ifs and buts, the statement of the US Fed sort of reassured the market that the probability of any sharp increase in interest rate in the US has come down. This will have an impact on many things globally, the flow of capital from emerging markets back to the home country, the US is unlikely to see any sharp increase. Also more than that divergence in the stand of the two most powerful central banks will not increase
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    The Economic Times