Dear All,
Most of the banking shares have lost 1 to 2 % today in just an hour of trading. The futures of SBI , ICICI etc are trading lower than stock prize.
Has any one of you seen the before ? If yes how do the stock and futures react in near term ?
Thanks
Harsha
see this
can happen mainly on account of volatility.
See two measures of volatitlity for ICICI for example IV shooting up while historical vol is low
Rub off effect of axisbank… Market has assumed that ICICIbank and sbin have exposure to same npa accounts which were accepted by axis and they can’t declare them as standard… Hidden Skeletons r now getting unearthed thanks due to stringent rbi norms… 
Do we have a short term trend reversal on the charts on any of the PSU banks?