Correction in banks offers opportunity; private lenders may lead next rally: Digant Haria
Analysis of this story by et_markets · 10 Mar 2026, 1:35 PM IST (about 2 months ago)
AI Analysis
Banking stocks are a significant part of the Indian market. Corrections, if not fundamentally driven, can offer entry points for long-term investors. FII flows are a key determinant of market direction.
Trading Insight
Bullish for private sector banks; look for signs of FII selling tapering off and valuation comfort.
Quick check: HDFCBANK bearish bias (oversold), ICICIBANK bearish bias (oversold).
Key Evidence
- •Market expert Digant Haria suggests the banking stock correction is a cooling-off phase, not due to deteriorating fundamentals.
- •He anticipates private sector lenders will regain investor favor as valuations become attractive.
- •FII selling is expected to stabilize, paving the way for significant rallies.
- •Risk flag: Prolonged FII selling
- •Risk flag: Unexpected deterioration in asset quality or credit growth
Affected Stocks
HDFCBANKHDFC Bank Ltd
Positive
Private lenders are expected to lead the next rally as valuations become attractive.
ICICIBANKICICI Bank Ltd
Positive
Private lenders are expected to lead the next rally as valuations become attractive.
KOTAKBANKKotak Mahindra Bank Ltd
Positive
Private lenders are expected to lead the next rally as valuations become attractive.
People in this Story
D
Sectors:banking
Sources and updates
Original source: et_markets
Published: 10 Mar 2026, 1:35 PM IST
Last updated on Anadi News: 10 Mar 2026, 3:32 PM IST
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