Mehraboon Irani, analyst, Nirmal Bang Securities, says that the market does not expect a rate cut to happen in tomorrow‘s RBI policy announcement. However, the market is expecting a rate cut in January. He has a cautious view on PSU bank stocks because of concerns of asset quality.
Giriraj Daga, metal analyst, Nirmal Bang, says that it was expected that the outcome would be positive on the event. It is clear that one uncertainty is out of the window.