320-x-100_uti_gold.jpg" alt="Advertisement">
02-12-2024 09:16 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
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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."
Above views are of the author and not of the website kindly read disclaimer
Latest News
PM Narendra Modi to attend Christmas celebrations ho...
Government launching 3 apps to protect consumers in ...
Kia to launch compact SUV `Syros` in India next year
GST recommendations to create business-friendly envi...
CII seeks priority sector lending for new and emergi...
The Wealth of Experiences: How Travel and Cultural E...
India`s tax panel rejects airlines` call to add avia...
Rozgar Mela: PM Narendra Modi to distribute 71,000 a...
Varun Dhawan: Bollywood needs new voices, artists fr...
Diabetes, inflammation can make your brain age faste...
Tag News
Market Outlook: US bond yields, dollar index, FII data key triggers for next week
Weekly Outlook: Sideways price action strategy remains sell on rise by Lovelesh Sharma, Consultant SAS Online - a deep discount broker
Market Outlook 2025 by Motilal Oswal Wealth Management
Weekly Note : The Markets faced significant pressure this week, losing nearly 5% and wiping out the gains of the past four weeks Says Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
