Ab is correction ke peeche kuch bade reasons hain. Pehla toh yeh ki pichhle 5 mahino mein ye index lagbhag 21% bhaga tha, jo ki overall Nifty 50 ke sirf 1% gain se kaafi zyada tha. Toh profit booking toh banti thi.
Dusra, Sarkar ne ab ek high-level committee banayi hai jo banking sector ko dekhne wali hai. Iska aim hai PSU Banks mein consolidation (matlab chote banks ko milana), ownership structure ko theek karna aur FDI rules ko dekhna. Goal hai ki kam banks hon par bade aur mazboot hon. JM Financial ke analysts keh rahe hain ki yeh future ke liye achha move hai.
Aur haan, Budget mein FY27 ke liye disinvestment aur asset monetization ka target ₹80,000 crore rakha gaya hai, jo pichle saal se 135% zyada hai. Isme IDBI Bank, LIC aur kuch PSU Banks mein stake sale bhi include hai. Budget mein borrowing badhane ka announcement bhi tha, jisse bonds par pressure aa sakta hai.
Is sabka effect dikh raha hai. Indian Bank toh 4% gir gaya, do din mein 11% neeche. Bank of Baroda bhi 3% down (do din mein 10%). SBI bhi 3% gira, do din mein 8%. Stock prices ne bhi levels dekhe the: Indian Bank ₹923 tak aur SBI ₹1,083.60 tak. Budget mein jo Securities Transaction Tax (STT) derivatives par badhaya hai, usse bhi overall market ka mood kharab hua hai. Waise, ICICI Securities ka kehna hai ki reforms se aage chal kar efficiency aur balance sheets sudharenge. SBI ka market cap lagbhag ₹9.39 trillion aur P/E 11.2 tha, Bank of Baroda ka market cap ₹1.42 trillion aur P/E 7.59 tha, aur Indian Bank ka market cap ₹1.13 trillion aur P/E 9.48 tha.