BSE index has again gone down owing to pressures from credit agencies which have downgraded the debt rating of top three lenders in public sector, observes Sachin Karpe

1. Volatile Banking Stocks:
Sachin Karpe
BSE index has again gone down owing to pressures from
credit agencies which have downgraded the debt rating
of top three lenders in public sector, observes Sachin
Karpe.
This comes a few days after banking stocks went green
after Fed
announcement on
QE easing.
However, RBI
policy has brought
the cheers down,
opines Sachin
Karpe.
PNB, BoB and SBI stocks have suffered more due to
ratings from Moodys. Asian stock markets have behaved
lazy due to weak global cues. Citing asset quality and re-
capitalization concerns, Moodys has cut RBI from Baa 3

2. to Baa 2. Is this worrisome? Well, we need to wait and
watch, says Sachin Karpe.
Read Full article at
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stocks-sachin-karpe.html
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