scorecardresearchBanking stocks rally on rising rates, improving NPA scene; Experts bullish on uptrend

Banking stocks rally on rising rates, improving NPA scene; Experts bullish on uptrend

Updated: 25 Jul 2022, 08:21 AM IST
TL;DR.
Analysts said the banking space is known as a 'mother sector' as a better performance by banks indicates better days for the economy, but the banking sector is hit hard when the economy does badly.
FILE PHOTO: A man wearing a protective mask walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 13, 2020. REUTERS/Francis Mascarenhas

FILE PHOTO: A man wearing a protective mask walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 13, 2020. REUTERS/Francis Mascarenhas