As the government focuses on resolution of NPAs, the impact can be seen on the market as well.
Though Public Sector Undertaking banks are trading on a positive trend today, it was too soon to recommend buying as there is high uncertainty regarding stocks, considering RBIs merger plans, said Sunil Subramaniam, CEO of Sundaram Mutual Fund.
Talking about steel stocks in India, Sunil said that the prices were not in sync with the demand due to the global conditions after Trump announced imposition of tariff on imported steel and aluminium.