Heavy cap counters in banking sector ( HNB, SAMP, COMB etc.) have shown a positive uptrend in past weeks. In past few days, those counters started a sluggish movement & now in slowly nosediving situation.
Today, at one stage HNB was trading (Rs.139-140 range) about Rs.8/= lower than yesterday....
Is it caused by-
a) heavy selling pressure
b) poor quarterly performance ( may be, as a result of leaked information)
c) forthcoming budget or
d) any specific reason ??
Any comments from those who keep an eye on those banks, Please