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Markets Likely To Remain Rangebound Going Into Budget 2018, Dalton Capital Says
Dalton Capital Advisors thinks public sector banks’ recapitalisation would not give enough room for growth capital.
16 Jan 2018, 02:15 PM IST 
A financial trader monitors his computer screen at the Bombay Stock Exchange. (Photographer: Dhiraj Singh/Bloomberg)
Indian markets are likely to remain rangebound, in the run-up to the Union Budget. That’s the word from Dalton Capital Advisors Managing Director UR Bhat.
It’s too early to buy public sector bank stocks at the moment, he told BloombergQuint in an interview. The government’s proposed recapitalisation would not give public sector banks enough room to generate growth capital, even though it might help cover their losses, Bhat added.
Watch the full conversation here: