BSE index
has again gone down owing to pressures from credit agencies which have
downgraded the debt rating of top three lenders in public sector, observes Sachin Karpe.
This comes a
few days after banking stocks went green after Fed announcement on QE easing.
However, RBI policy has brought the cheers down, opines Sachin Karpe.
PNB, BoB and
SBI stocks have suffered more due to ratings from Moodys. Asian stock markets
have behaved lazy due to weak global cues. Citing asset quality and
re-capitalization concerns, Moodys has cut RBI from Baa 3 to Baa 2. Is this
worrisome? Well, we need to wait and watch, says Sachin Karpe.
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