IGI Logo

Below are Views On Post RBI’s Policy Announcement Comment by Mr. Rahul Sharma, Co- Founder, Equity99.

RBI MPC keeps REPO rate unchanged at 4% and  Reverse REPO rate  at 3.35%. RBI Governor Das said Real GDP growth seen at 9.5% in FY22 against previous 10.2%. Also Das says they see India FY22 Inflation at 5.7% vs 5.1% seen previously. Overall RBI is very much optimistic for the coming growth in economy, inflation will be on higher side, but nothing that worries the economy. Among banks IndusInd Bank is top gainer up 2.13%.

Today market is looking for profit booking on higher ends, as the whole week we have seen higher highs & higher lows. Market was waiting for RBI credit policy announcement but now as the rates have not changed this event is been considered as no event & thus market is just taking the profit in the pockets to secure the gains which have been made from last 5 sessions.

Auto & IT space are the biggest gainers so far today with Maruti & Infosys are the biggest gainers from the respective sectors.

Above views are of the author and not of the website kindly read disclaimer