As we see the further decline of oil price ahead of Opec meeting - TopicsExpress

As we see the further decline of oil price ahead of Opec meeting tomorrow (on Nov 28), Indian banks stocks have already rallied significantly. Softer oil price translates to low inflation - hence - lower interest rate. There is alos strong correlation of Bank P/B (Price per Book) with oil prices. More importantly, Indian ongoing Parliament in winter session has a heavy reform agenda. In nutshell, Indian bank stocks are heading into high winds with an event-heavy period with important policy annoucement & OPEC meeting. See Charts. Source: JPM 141127

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