Page 3 - Financial Stocks

Financials tank as fiscal package disappoints markets; Nifty Bank slips 5%

Nifty Bank, Nifty Private Bank and Nifty PSU Bank indices were down 5 per cent each as compared to 2.4 per cent decline in the Nifty 50 index.

Financials in focus post RBI meet; Axis Bank, RBL Bank, Bajaj Finserv rally

Among individual stocks, Shriram Transport Finance, Indiabulls Housing Finance, Cholamandalam Investment and Finance Company and Bajaj Finserv were up more than 5 per cent on the NSE

Financials trade weak; Shriram Transport slips 18% on Fitch downgrade

Bajaj Finance, Bandhan Bank, HDFC, Manappuram Finance, Cholamandalam Financial and M&M Financial Services were down more than 10% on the BSE.

Fund that beat 96% of its peers counts financial stocks as its biggest bet

In 2018, India's household debt-to-GDP was at 11%, versus 76% in the U.S. and 54% in China, according to International Monetary Fund data.

Use correction in financials to buy for the long term: CLSA's Chris Wood

Analysts see no respite for NBFCs at the bourses in the near-term