After the Reserve Bank of India (RBI) maintains, stocks in interest rate sensitive sectors such as banks, mortgage lenders (HFC), real estate and automotive finance will rise up to 4% on the National Stock Exchange (NSE). bottom. Interest rates on Wednesday remain unchanged nine times in a row.
The policy repo rate remains at 4% and the stance is accommodative. The reverse repo rate remains unchanged at 3.35%.
10:55 am. Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Private Bank, Nifty Auto and Nifty Realty indices rose 1% to 2%. By comparison, the Nifty50 index rose 1.3% at 17,400 points.
“The announcement is as expected. A broader range of recovery is expected. market First. Bank Nifty has also been the focus of attention in the last two sessions, maintaining an average of 35,700 levels of support over a long term of 200 days. The index could rise further because of the favorable RBI policy. “
Among the individual stocks, real estate in Bajaji Finance, Mahindra & Mahindra Financial Services, ICICI Bank, Indostate Bank (SBI) Finance, Soba, Suntech Realty, Oberoi Realty and Godley Properties range from 2% to 4. It has risen. Percentage of NSE.
The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC), headed by Governor Shaktikanta Das, has held a mitigating stance in the threat surrounding the Omicron coronavirus variant nine times in a row. At the meeting, it was decided to maintain key interest rates. Read about it here
“The MPC has determined that ongoing domestic reconstruction requires sustainable policy support to do so more broadly. The MPC has a solid growth signal, paying attention to the dynamics of inflation. We thought it appropriate to wait for it to take hold, so we decided to keep our policy repo rate at 4% and continue our accommodative stance as long as necessary to revive and sustain growth. It is the foundation and will continue to mitigate the economic impact of COVID-19 while keeping inflation within the target range, “RBI said in a 2021-22 monetary policy statement.
“It is a welcome move to keep key interest rates unchanged and to show a easing stance on both interest rates and liquidity. Despite rising fuel inflation and rising CPI and fuel inflation, food Inflation remains a concern. Continued policy support is a good stance for growth. The Indian economy has recovered from its biggest slump. We are now ready to deal with the next Omicron variant. “DRE Lady, CEO and Managing Partner of CRCL LLP for RBI Monetary Policy, said. ..
The rate sensitive sector index will increase by up to 2% because the RBI does not change the repo rate.
https://www.business-standard.com/article/markets/rate-sensitive-sector-indices-gain-upto-2-as-rbi-keeps-repo-rate-unchanged-121120800333_1.html The rate sensitive sector index will increase by up to 2% because the RBI does not change the repo rate.