What do you mean by “come again in light”? I don’t really understand that. But if you’re wondering when the shares of banking sector will go high, a simple answer is: give it some time.
Historically, we have seen this many times that after poor and unfavorable union budget, such market movements usually happen. It’s like a knee-***** reaction that would eventually simmer down in the weeks to follow. If you’re a day trader, it could be a great chance to buy at low. Nearly every bank’s share is down at the time of writing this, by an average of around 1.50 percent.
At this time, a major concern is fiscal deficit. The budget has done basically nothing to lower the debts. Also, the middle-class families who usually go for the safe banking sector shares, they are uncertain with how to take all the announcements in Union Budget. At large, in media, all the news that’s making headlines is how these small investors are not offered in this year’s budget. While not exactly, but few of these retail investors have fallen victim to FUD.Just give it some time, once this budget settles and another major news take the center stage, bearish trends will end for the moment.