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Nifty Financial Services index stocks: Will they lead the correction once again?

Nifty Financial Services index stocks: Will they lead the correction once again?
ETMarkets.com

Synopsis

For all those, who are surprised the fact that all of sudden bank nifty or finnifty witnessed a sharp fall, it would worth remembering that whether it is upward or southward movement of Nifty and Sensex, it is largely led by financial services because of high ownership of institutional investor’s both domestic and foreign portfolio investors. So if there a sell of due to risk off mode for emerging markets, which market has moved to in last few days. It is financials which are likely to lead to the decline, but, there is equal sharp recovery in them. So, be careful both in buying and selling decision in financial space.

By ETMarkets.com
22 mins read,
More than the fact that after 16 years, yields on US bonds breached 5 percent mark, it is the speed at which the last strong upward movement of 90 basis points happened. It took every one by surprise and that is probably the reason why emerging markets reacted to it. There are clear fears looming on the street, about an increase in global cost of capital. Financial services stocks and IT stocks are the main components of the Nifty. While IT

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