Quote on MPC meeting`s impact on Stock market & outlook from Dr. V K Vijayakumar, Geojit Financial Services
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Below the quote on MPC meeting's impact on Stock market & outlook from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
MPC will be concerned about the high vegetable inflation prevailing now. But since this is due to seasonal factors monetary policy cannot do anything about it. More importantly, there is strong growth momentum in the economy now and the MPC is unlikely to do anything that upsets the growth apple cart. So, the rates and stance are likely to remain unchanged.
Investors should be focussed on the growth and earnings prospects of different sectors and companies within sectors. Banking, capital goods and autos are on strong wicket.
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