Last week, when the correction hit the Indian markets, it was the financial sector which suffered the maximum damage. But if one looks slightly deeper, there are certain segments which were able to recover faster than others. Some PSU banks have been able to recover faster whereas in the private banks and insurance space recovery is slower. Now this slower place of recovery could be a continuation of the trend of range bound movement which private banks like HDFC bank, Kotak Mahindra and IndusInd bank have been witnessing for the last three years. Going forward it is very likely that we might see even more divergence in the performance of financial sector stocks. So, be careful both in buying and selling decisions in financial space.
