2024-12-02 09:16:46 am | Source: Geojit Financial Services Ltd
Morning Market Quote : The MPC is unlikely to cut rates when CPI inflation is running at 6.2% Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"The Q2 GDP shocker of 5.4% will weigh on markets but the impact is unlikely to be big since part of the declining growth was factored-in by the market after the disappointing Q2 results. So, a sharp cut in the market, if it happens, can be an opportunity to buy since the DIIs will continue to buy during dips. The question is: what to buy. Segments like pharma, telecom and digital companies, which are not impacted by the slowdown can be bought on declines.
In the context of the growth slowdown, the RBI is likely to cut the CRR on 6th December. The MPC is unlikely to cut rates when CPI inflation is running at 6.2%. CRR cut will be positive for banks and, therefore, banking stocks are likely to be resilient."
In the context of the growth slowdown, the RBI is likely to cut the CRR on 6th December. The MPC is unlikely to cut rates when CPI inflation is running at 6.2%. CRR cut will be positive for banks and, therefore, banking stocks are likely to be resilient."
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