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Sandip Sabharwal says: : "The outlook is good for most of the large private sector banks. It is just that you need to wait for the correction to get over because as the correction plays out, you will also see these banks form a large proportion of the index as well as the holdings correct. It is a matter of when to buy, not whether to buy. I would say 5% to 7% lower in all of these banks should be good levels." ....
January 11, 2021SharePrint Near-Term Risks on the Rise Not the best start to the week for stock markets, with nerves potentially creeping in as countries battle the latest severe wave of Covid-19. A rising number of countries are seeing cases rising rapidly, despite extreme restrictions already being in place. We were warned this was going to be a difficult winter but this may be far worse than most expected. With political distractions subsiding in the coming week or so, focus may inevitably drift to the situation around the world which could dampen spirits. Investors are suddenly clinging on to stimulus hopes from the new administration but even that comes with a cost. Yields have been on the rise and while the 10-year is only a little above 1%, it may not take much to spook investors and ignite fears of a taper tantrum. ....