What Happened
The banking sector is currently experiencing strong momentum, with the Nifty above 24,000 and Sensex rallying. Upcoming Q4 earnings for major banks like HDFC Bank, ICICI Bank, and Axis Bank will be key drivers.
Why It Matters (for you)
Maintain a bullish bias on banking stocks, focusing on those with strong NIMs and improving asset quality ahead of earnings; manage risk.
Key Evidence
- Poornima Hatti, a dispute resolution partner at Samvad Partners, has retired from the firm.
- She is setting up her own counsel practice, focusing on corporate and commercial matters, including investment and shareholder disputes.
- Hatti also aims to serve as an arbitrator in complex commercial cases.
- This move follows a trend of senior lawyers establishing independent chambers.
- Risk flag: Potential for profit booking after recent rallies