Synopsis

They are the ones who led the fall – and also the rise. Yes, bank stocks tend to do both. On Tuesday, the recovery was led by the banks at mid-session. Yes, some of the big private sector banks were hit in the early sales of October. But a number of them have recovered and are outperforming bear markets. In fact, in the case of PSU banks, the second quarter results were better than many expected. Is the rally bigger? Visit Stock Reports Plus, powered by Refinitiv, for price targets for more than 4,000 listed stocks as well as detailed company analysis focused on five key elements: earnings, fundamentals, relative valuation, risk and price dynamics. generate standardized scores. SR+ Reports is a free offering for ETPrime members.

From a banking industry perspective, there are two things worth noting in the market. And these two elements lead to a third factor – a more important factor for the street. First: banking is probably one of the few sectors where valuations haven’t exploded. Second: the banking sector is one of the rare sectors where there were more positive surprises than negative ones when it comes to second quarter results. Now correlate the two and the third

ETMarkets.com

06 November 2024, 05:00:00 IST

Offer a story

Share members-only stories with your friends or family and help them read them for free.

Gift limit reached!

Hey you have no more stories left to offer.

Carefree! You will get a limit of 15 stories next month to share with friends and family.

Offer this story

Stories remaining!

You can offer up to 15 stories in a month.

• FONT SIZE

  ABCLittle

  ABCAVERAGE

  ABCBig

• TO SAFEGUARD
• PRINT
• COMMENT

Continue reading with one of these options:

Limited access

Free

Log in to access exclusive stories
& personalized newsletters

Log in now

Unlimited access

From Rs120/month

Access exclusive stories, expert opinions and
in-depth stock reports

Subscribe now

Oh-oh! This is an exclusive story available only to selected readers.

Don’t worry. You are only one step away.

Log in to read for free

Prime account detected!

It looks like you are already an ETPrime member with

Log in using your ET Prime credentials to enjoy all the member benefits

Log out of your currently logged in account and log back in using your ET Prime credentials to enjoy all the member benefits.

Log in and access ET Prime

To read the full story, subscribe to ET Prime

Get unlimited access to The Economic Times

₹34 per week

Billed annually at
₹2499 ₹1749

Continue

Already a member? Log in now

Already a member? Log in now

Unlock this story and enjoy all the member benefits.

Subscribe now

Offer exclusively for you

Save up to Rs. 700/-

MEMBERSHIP TO ON AND PRIME

Offer available

Offer exclusively for you

Get 1 year free

With 1 and 2 year ET Prime subscription

Offer available

Offer exclusively for you

Get 1 year free

With 1 and 2 year ET Prime subscription

Offer available

Offer exclusively for you

Get 40% off

Then ₹1,749 for 1 year

Offer available

Offer exclusively for you

AND Bonus at ₹49 for 1 month

Then ₹1,749 for 1 year

Offer available

90 Days Prime Access worth Rs999 unlocked for you

Claim now

Already a member? Log in now

For what ?

• 

  Exclusive stories, editorials and expert opinions from The Economic Times in more than 20 sectors

• 

  Inventory analysis. Market research. Industry Trends on more than 4000 actions

• 

  Own experience with
  Minimal Ads

• 

  Comment and get involved with the ET Prime community

• 

  Exclusive invitations to Virtual events with industry leaders

• 

  A trusted team of Journalists and analysts who can best filter the signal from the noise
  

• 

  Get Free one-year subscription to TOI+ worth Rs.799/-​