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Banks, autos, realty stocks stuck in a range ahead of RBI policy review

Rate sensitive sectors such as banks, realty, auto and capital goods were trading in a rage on Tuesday, ahead of the RBI policy review.

Sensex rallies over 100 points ahead of RBI policy review; twelve stocks in focus

Sensex surged as much as 109 points in trade on Tuesday, ahead of Reserve Bank of India's crucial bi-monthly monetary policy review.

State polls and RBI policy to be big triggers in volatile market: Nischal Maheshwari

"A small trigger would be the December 8th RBI policy review and the big trigger would be what really happens in the state elections. "

Don’t expect a rate cut in April 7 RBI policy: Gaurang Shah, Geojit BNP Paribas

Q4 results would be a mixed bag for banks; one may face disappointment in certain pockets, including PNB, OBC, Bank of Baroda, and Bank of India, says Shah.

March WPI number is mere statistics, RBI unlikely to be nudged into any action: Mythili Bhusnurmath

"Policy action is largely over and done with. WPI is largely irrelevant from the RBI’s standpoint. So yes, it is just one more number on the table."

ET View: RBI's policy review a victory for Rajan & good for the economy

Many things that RBI governor Raghuram Rajan did in his first full-fledged monetary policy review were unconventional.

Bankers unsure on direction of rate moves following RBI policy

Bankers remained ambivalent on the impact of today's policy announcement by Reserve Bank on the cost of funds.

RBI policy turns out to be a non-event for forex and bonds markets

At 11:35 hrs the 10-benchmark government securities were trading at 8.59%, down four basis points from early morning trades.

Banks, autos gain momentum post RBI policy review

The S&P BSE Banking index was trading 1.03 per cent higher at 12,303, while the BSE Auto index was trading 0.9 per cent higher at 11,901.

Govt bond market witnesses lukewarm trading ahead of RBI policy review

At 10:35 hrs, the 10-year benchmark government securities were on Tuesday trading at 8.64%, little changed from yesterday’s closing price. Total volume was low at around Rs 3,030 crore.

No silver bullet, government working on rate transmission: Jayant Sinha

Sinha said that deposit growth has been a little slower than the past, but there is plenty of deposit in the system to finance projects.

RBI should have cut repo by 50 bps to boost growth: Industry

India Inc, however, welcomed the RBI's move to slash key interest rate by 0.25 per cent, saying it will improve the cost of credit.

RBI shifts focus on easy liquidity to ensure softer rates

The 25 bps lower policy rate announced Tuesday along with the benefits arising from marginal cost based funding to make borrowing cheaper immediately.

RBI cheers governments fiscal discipline and measures to boost supplies

“In Budget 2016-17, the govt has adhered to the path of fiscal consolidation and this will support disinflation going forward,” RBI said in its statement.

Yellen's turnaround from December to now is scary: Andrew Holland, Ambit Investment Advisors

We are going to get a crunch in valuations again globally very soon

Q4 results to help in picking stocks: Sanjay Guglani, Silverdale Capital

We prefer consumer goods simply because the urban consumption has held up strong and if we have a La Nino this time, we shall have an uptick in rural consumption.

Interest rate sensitive stocks gain ahead of RBI policy

Interest rate sensitive banking and realty stocks today attracted strong buying, surging up to 22.5 per cent ahead of the RBI's mid-quarter monetary policy.

Rupee, inflation to weigh on upcoming RBI policy review: PMEAC

Inflation and forex market conditions are expected to weigh on the Reserve Bank decision as it reviews monetary policy later this week.

Shares of HDFC Bank, ICICI Bank, SBI & others fall on RBI policy, drag markets down

Disappointing results from PNB also hurt market sentiment as banking shares had risen sharply over the past few months on expectations of a recovery in the sector.

Nifty ends near 8,750; Bank Nifty plunges 535 points post RBI policy

The Reserve Bank of India left repo rate unchanged at 7.75 per cent and CRR at 4 per cent. It cut SLR by 50 bps to 21.50 per cent from 22 per cent.

Sensex slips over 200 points, breaks below 29k post RBI policy, PNB results

Rate sensitive stocks came under pressure, after the Reserve Bank of India on expected lines left repo rate unchanged at 7.75 per cent.

Banks, autos, realty stocks stuck in a range ahead of RBI policy review

According to a poll, 80% of poll participants says that RBI will not cut rates, while 20% bankers are predicting a 25 basis points repo rate cut.

Sensex at over 1-wk low, Nifty below 8,800 ahead of RBI policy

Profit-booking in recent outperformers, disappointing earnings from some bluechips and mixed global cues also weighed on the sentiment.

A pre-policy rate cut will send wrong signals to the markets: Sudhir Agrawal, UTI MF

"Government can disinvest by bits and pieces every month instead of leaving the big ticket divestment for the end of the year"

Prime Minister Manmohan Singh, D Subbarao spar over RBI's policies

Tensions between the government and the RBI governor came out in the open as PM called for “fresh thinking” on macroeconomic policy.

Today's RBI policy may be Subbarao's last major initiative

Today's monetary policy announcements will be the last major action by Reserve Bank Governor D Subbarao, unless he gets another extension.

Rupee falls below 60/dollar after RBI policy

RBI's comments raised questions about it's resolve in sustaining cash-draining measures that have sent bond yields surging.

Top rate sensitive stocks to track post the RBI policy review

The S&P BSE PSU index was trading 2% lower, followed by the BSE Realty index which was down 2.1%, while the BSE Banking index plunged 0.4%.

Rupee faces stiff resistance at 58.50 – 58/$; RBI policy eyed

RBI continuous efforts to stem rupee fall seems to paying off as the Indian unit is not only is off its all-time low of 61.21 but has turned around to trade at more than a one-month high today.

Jewellery stocks plunge 20% on falling gold prices, RBI policy

Gitanjali Gems fell by its daily limit of 20% and was locked in lower circuit at Rs 400.90. PC Jeweller was down 10.36%, while TBZ fell 12.85%.

Sensex pares losses after taking over 150-pt hit after RBI policy: 10 stocks in focus

The S&P BSE Sensex slipped over 150 points after the RBI maintained a status quo in its policy meet today.

Sensex starts on a cautious note ahead of RBI policy meet; Nifty slips below 8550

At 09:20 a.m.; the 30-share index was at 28534.62, down 25 points or 0.09 per cent. It touched a high of 28536.64 and a low of 28474.09 in trade today.

RBI policy meet, Japan downgrade, global growth worries hit markets; Sensex snaps 3-day rally

The S&P BSE Sensex snapped three-day rally and slipped as much as 155 points in trade, led by losses in power, oil & gas, metal and realty stocks.

Sensex, Nifty rangebound a day ahead of RBI policy review: top 20 intraday bets

Moody's downgraded Japan's sovereign debt rating by a notch to A1 from Aa3, citing heightening uncertainty over the country's ability to hit its debt-reduction goal.

Top ten rate sensitive stocks in focus post RBI policy meet

Rate sensitive stocks cracked in after the RBI maintained status quo on policy rates. Here are technical recommendations on top ten such stocks.

Rupee gains 9 paise against dollar after RBI policy

The rupee strengthened 9 paise against the US dollar after the Reserve Bank of India's mid-quarter monetary policy announcement.

RBI policy: What should determine interest rates

As we have pointed out in the past, the repercussions of banks blindly following the RBI's diktat go well beyond the banking sector.

Subbarao meets FM ahead of RBI's policy review

The RBI is scheduled to announce the mid-quarterly review of its monetary policy on March 15, a day before the presentation of the Union Budget in Parliament.

Top ten rate sensitive stocks to buy post RBI policy review

Any further movement in rate sensitive stocks will be more a function of their quarterly numbers and expected growth in future.

10 year bond yield rise ahead of RBI policy

Ahead of the monetary policy announcement by the Reserve Bank of India, the 10-year bond yield went up.

A status quo on rates was RBI's best option in the current scenario: Mythili Bhusnurmath

"I don't think the RBI is wrong. The RBI’s policy of wait-and-watch is entirely in keeping with the uncertainty that we are seeing globally."

No more rate cuts likely before Budget: K Harihar, FirstRand Bank

"We are on course to achieve the inflation target. It clearly suggests that any further rate cuts were not warranted at this point."

Two reasons markets cheered RBI policy before closing the day on a flat note

The market had surged 250 points after the policy meeting; led by gains in rate sensitive sectors such as capital goods, banks, auto and realty.

RBI policy in line with expectations; downside risks have receded: Keki Mistry, HDFC

"The downside risk has perhaps receded a little when compared to what it was in the last policy; and I read that as mildly positive."

Rajan's dovish post-policy statement did come as a surprise: Jayesh Mehta, BofA-ML

"While others are saying there were no surprises in the policy, I for one found a little surprise and a pleasant one at that."

Infra, construction sectors sorely need active govt backing: Hemant Kanoria, SREI Infra

"There are some steps that can help in addressing this malady. The government needs to provide from subvention for infra investments like it does to exporters."

Today's policy reflects a very balanced approach on RBI's part: Shaktikanta Das, DEA Secretary

"We are looking at about 7.5% or so of GDP growth. I will tell you why. Over the last few months, the government has undertaken a series of reform measures."

Top 10 rate-sensitive stocks to bet on post RBI money policy

A fall in interest rates will be a big booster for the banks as well as for the debt-laden companies. Most analysts expect up to 100 bps cut in repo rate over the next 12 months.

RBI's status quo on rates disappointing for markets: VG Kannan, SBI

"The RBI will have to take some steps regarding liquidity — either by way OMOs or cancellation of some of the auctions. It's the only thing that can give some comfort to the markets."

Rajan's rate moves unlikely to lead to any disappointment: Nilesh Shah, MD, Kotak AMC

"There is a good chance this time around that inflation may not go up as much as expected. Besides, the pay panel award may have already been priced in by the markets."

RBI's rate status quo an appropriate move given global uncertainties: Sajjid Z Chinoy, JPMorgan

"We need to understand that the Fed looms large. It is going to be a very legitimate risk for all emerging markets including India."

RBI likely to hold rates tomorrow; see a 25-bps cut coming in February: Indranil Sengupta, BofA-ML

"We are already at 6.75%, while the long-term CPI inflation is around 7%. This means we are marginally negative in terms of the real policy rate."

Experts bet on RBI to hold rates steady at Tuesday's policy meet

Reserve Bank Governor Raghuram Rajan will announce the fifth bi-monthly monetary policy review on December 1.

India Inc hails RBI policy; hopes for further cut in future

India Inc today welcomed the 0.25 per cent interest rate cut by the Reserve Bank saying it would help revive confidence of industry.

Banks, real estate, auto stocks rally ahead of RBI policy

BSE Auto Index was trading 0.7 per cent higher, led by gains in Ashok Leyland which was up 1.3 pc, and Bajaj Auto which rose 1.6 pc.

All eyes on RBI policy meet on Tuesday; rate-sensitives in focus

Following today's negative performance, markets are likely to trade slightly in negative zone ahead of the RBI meet.

10 rate-sensitive stocks to watch ahead of RBI policy

Investors will remain cautious ahead of RBI’s mid-quarter monetary policy. The decision on key policy rates is likely to set the trend for the market this week.

Analysts' views on RBI policy review

The Reserve Bank of India left key interest rates on hold on Thursday, as expected, after six increases since March. Lets see what experts have to say:

Banking stocks worst hit by RBI policy; ICICI Bank down over 1%

The BSE Banking index pared gains and plunged in deep red after the RBI in its policy meet on Tuesday kept the repo rate unchanged at 8%.

RBI policy: Banks, realty, auto stocks recover post Raghuram Rajan's comments on rates

Raghuram Rajan assured investors that short-term risks are more balanced currently and the RBI has room to cut rates if disinflation continues.

Trade in IDBI, L&T and SBI ahead of RBI policy meet, say experts

100 per cent respondents to ET Now poll expect the key rates and cash reserve ratio to remain unchanged.

Market may go above 7700 if Bank Nifty is positive after RBI policy review: Mitesh Thacker

If the Bank Nifty does not have any kind of negative event, the market momentum should spill over and we might actually see a breakout above 7700.

RBI policy, budget to drive market in near term: Avinnash Gorakssakar

"In all probability, looking at the kind of inflation numbers which came in yesterday, my sense is a 25 bps cut is definitely expected."

50 bps rate cut likely in RBI policy review: Credit Suisse

'RBI is likely to cut key interest rates by 0.50%, to 7.5%, in the forthcoming monetary policy review.'

RBI policy review: Raghuram Rajan cuts repo rate 25 bps, says more reduction will depend on Centre's response to poor rains

“I would characterise (the policy) as neither conservative nor aggressive. It’s in some sense a Goldilocks policy — just right given the current situation,” he said.

Realty industry body CREDAI terms RBI policy stand as 'stubborn'

RBI today left the short-term lending (repo) rate to banks, and the cash reserve ratio (CRR) -- the amount of deposits banks have to park with RBI-- unchanged.

RBI policy review to keep key rates unchanged on expected lines: Economists

Leading economists today said the RBI decision to keep the key policy rates unchanged was on expected lines.

Rate sensitive stocks gain ahead of RBI policy meet on Tuesday

Rate-sensitive stocks gained momentum in an otherwise weak market on Monday, ahead of the Reserve Bank of India’s policy review on Tuesday.

Market to remain volatile on RBI policy: CK Narayan

Now it is actually time to tighten up the stops and hold your long positions, not really look to create fresh ones.

RBI policy pragmatic, but its impact on exchange rate uncertain: AV Rajwade, AV Rajwade & Co

The policy has shown a practical approach, but it is not certain if can have any sizeable impact on the exchange rate front, says AV Rajwade.

Builders unhappy with RBI policy; seek interest rate cut

Realty firms and property consultants today expressed disappointment over RBI's decision to keep key policy rate unchanged.

Montek Singh Ahluwalia on RBI policy: Growth should be higher on agenda

"I can see that the RBI remains concerned about inflation. I think we need to watch what happens in inflation but probably the need to push the growth at this moment is little higher on agenda than the concern about inflation," Ahluwalia told.

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