The market elicited a mild reaction to the credit policy announcement of no change in rates. The Sensex tanked about 135 points and the Nifty shed 50 points as an immediate response, and the Bank Nifty slipped 1.8%. Bond yields that were at 8.28% were not impacted much, currently at 8.31%, which highlights the fact that the market had already factored in the dovish stance of RBI in the March policy.
Speaking to CNBC-TV18, Sonal Varma says that the policy, though a non-event for the market, brings out certain key factors to watch out for.
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