Jay Prakash Gupta, Founder, Dhan, thinks consolidation and recapitalisation of PSU banks, setting up of a “bad bank" to clean up NPAs and the government’s capital expenditure programme will benefit the banking sector in the long run. Gupta, who has rich experience in the financial sector, says PSU banks will likely outperform private lenders over the next year but investors should adopt a gradual approach while investing. In an interview to Moneycontrol's Sunil Shankar Matkar, he says investors should also keep an eye on crude prices, inflation, Q2 earnings and the RBI's monetary policy. Edited excerpts: After a stellar run in September, do you think markets will continue to perform well in October as well? October has historically been the most volatile month and the most feared one, as many of the financial market sell-offs have happened or have begun in the month of October. Close Some of the primary factors which contributed to the stellar run in September were lower interest rates, anticipated better Q2 corporate earnings and continued liquidity infusion which helped the Sensex claim historic level of 60,000 in September. Going ahead, rising crude oil prices, higher inflation numbers, kick start of Q2 corporate earnings, RBI's monetary… Read full this story
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