"In the current juncture, it is the sentiment that will drive bank stocks and not fundamentals. Though valuations look attractive, the overall sentiment is negative because of double-digit inflation and rising crude oil prices," said Ravi Shankar, research analyst, Religare Securities.
Crude oil futures for August delivery on NYMEX hit an all-time high of $142.12 a barrel intraday today due to supply concerns from Libya, dollar weakness, and heavy speculative buying. India's headline inflation for week ended June 14 stood at 11.42 per cent
