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Although the Nifty was closed below 1949 due to profit booking on Friday, the stock market was closed In market transactions on Monday, there may be a boom. Because US Fed President Jerom Powell had indicated the Fed rate deduction in September in his Jackson Hol speech. Following this signal, the global market appeared, which is likely to affect the Indian market on Monday.

In the first quarter of the financial year 1, the banking sector figures were mixed. Although the private sector and public sector banks have better managed margins than expected, Midcap Banks were under great pressure. The possibility of interest rate deduction in the future, the demand for festivals and the reduction in GST can increase the use and the income of the second and third trimester of the financial year can be effective. In all these possibilities, Axis Securities recommend buying these banking shares.

Important news for the customers of this company, cashless treatment facilities will not be available on health insurance from September 7!

HDFC Bank Limited

The current price of HDFC Bank is Rs. It is recommended to buy for a target of Rs. Axis Securities believes that HDFC Bank is in good condition to speed up the growth as its debt deposit is normalizing and the financial year 1 and even after the credit growth system level is expected to remain.

Although margin pressure is expected in the near future due to the re -evaluation of deposits and high floating rates, management is expected to stability in the second half of the financial year 1. The bank is also focusing on controlling costs, diverse income and a refund ratio with a stable retail portfolio.

Kotak Mahindra Bank Limited

The purchase of shares of Kotak Mahindra Bank is recommended with a target price of Rs. Kotak Mahindra Bank is expected to reduce pressure in microfinance portfolio. The bank is seeing a strong increase in personal loans, credit cards and vehicle finance departments.

Due to the benefit of deposit re-evaluation, the margin is expected to be stabilized after the second quarter, while the improved property is expected to increase the growth rate of 5% during the financial year 1-3 due to a balanced increase in the quality of the property and insecure debt.

State Bank of India

It is recommended to buy SBI at a target price of Rs 5. The stock is expected to increase by 5% from the current level of Rs.

The State Bank has reported a good increase in home loan, SME loans and corporate approval, and management is expected that this increase will continue in the coming quarter. Due to the repo rate deduction, CRR cuts and low cost, domestic profit is expected to remain stable at 5% in the financial year 1. Due to the stable property quality and improved productivity, the bank aims to maintain ROA delivery by 5% during the financial year 1-3.