Is it the right time to invest in stocks of banks, NBFCs?

The Bank Nifty, which has lagged the Nifty and sectoral indices for pharma and IT since March, is attempting to make a comeback.

Synopsis

Speculative bullish positions in the derivatives segment are building up in both banking and NBFC stocks even as worries remain over the fate of interest payments and recoveries of advances.

MUMBAI: India’s broadest equity gauges are within touching distance of scaling their previous peaks, but financial stocks have not led the arduous trek despite their evident role in galvanising an economy that’s beginning to clamber out of hibernation.However, they are now making up for lost time.Speculative bullish positions in the derivatives segment are building up in both banking and NBFC stocks even as worries remain over the fate of

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