 "December quarter results: Analysts expect tepid numbers")
Banking stocks will be in the spotlight ahead of their earning season, particularly when the stock market is going through extreme volatility. HDFC Bank will declare its Q3FY23 results on Saturday, followed by Federal Bank on Monday.
While the Banking index (Nifty Bank Index) has performed well in Q2FY23 and Q3FY23 by surging 15 per cent and 11 respectively, the present movement is unveiling extreme volatility, without any clear direction. Nifty Bank index logged a historic peak of 44,151 in the Q3FY23, but the sentiment has remained subdued since then.
Among banking sector, AXIS Bank, Federal Bank, ICICI Bank, and
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