Nilesh Shah of Axis Direct tells CNBC-TV18 that the Reserve Bank is likely to continue with a pause during its upcoming credit policy review, and that a cut in reserve ratios is unlikely.
Vibhav Kapoor of IL&FS is positive that the market will bottom out and start a cyclical uptrend within three-four months
The week saw Indian equities drop 4% due to poor domestic macro fundamentals and volatility in global markets.
The market was holding up post the RBI’s credit policy but what a u-turn it has been since then, says CNBC-TV18's managing editor Udayan Mukherjee.
After hitting an intra-day low of 4,673.85, Indian equity benchmark Nifty managed to recover after a strong European opening. All eyes are not towards the crucial credit policy meet tomorrow
Jitendra Arora senior vice president (investments) at ICICI Prudential Life Insurance said the latest rate hike by Reserve Bank is on expected lines.
Geojit Comtrade has come out with its report on currency
The 50-share NSE Nifty turned extremely volatile after the announcement of RBI policy.
The Reserve Bank of India has taken a difficult but nevertheless a right decision, C Rangarajan, chairman of Prime Minister's Economic Advisory Council.
The Reserve Bank of India (RBI) has raised the benchmark interest rates by quarter of a percent point on Tuesday, while keeping cash reserve ratio (CRR) rate unchanged.
The central bank today, kept it focus glued to the stubborn inflation over growth concerns and increased repo rates by 25 basis points. However, after months of rate hike, Rajeev Malik, senior economist at CLSA says today's policy action could well be the last one for a long time from now.
The markets, on Monday, fizzled out after a gap-up start. The Nifty closes just shy of the 5,100 mark and the Sensex gains 150 points.
The US markets came off their best levels, but still closed higher following a handful of M&A news, encouraging earnings and chatter of another possible round of quantitative easing from the Federal Reserve.
It was an extremely volatile session. Investors took the 25 bps rate hike in their stride, but lost steam at the end of the trade.
With RBI's decision today, all the loans are set to become costlier. The car and home loans and the EMIs will also be impacted with this move. Pradeep Jain, chairman of Parsvnath Developers told CNBC-TV18 that the demand for home loans would not be sluggish.
Rajiv Anand of Axis Mutual Fund, in an exclusive interview to CNBC-TV18, said that growth will impacted due to hike in interest rates. “It will not be appropriate to be overly bearish on bonds right now as they may go up by another 5-10 basis points,” said Anand.
Jim Walker, the managing director of Asianomics Limited says the RBI's rate hike is inline with their expectations.
Continuing with its anti-inflationary stance, the Reserve Bank of India (RBI) has raised the benchmark interest rates by quarter of a percent point on Friday, while keeping CRR rates unchanged.
K Sridharan, chief financial officer of Ashok Leyland, tells CNBC-TV's Udayan Mukherjee and Mitali Mukherjee that the auto industry has already seen a major impact of monetary tightening. Higher interest rates have affected the companies in terms of their net realisation and net retained earnings, out of the freight rates they earn.
Given that inflation is still very much on the RBI's mind, the market does not expect a pause but a 25 basis points rate hike. And Leif Eskesen, Chief Economist-India & ASEAN, HSBC Global Research agrees with what market seems to have priced in today.
According to a CNBC-TV18 poll, 70 % believe the RBI will go ahead with a 25 bps hike.
All eyes will be on the credit policy today. A CNBC-TV18 poll suggests 70 % believe the RBI will go ahead with a 25 bps hike. Goldman Sachs, however, differs and says there could be a pause. It feels there are no longer massive inflationary pressures and growth is more important.
It’s a big day for the market with the much awaited RBI’s mid quarter review. With all eyes on what move the apex bank could take, CNBC-TV18's managing editor Udayan Mukherjee hopes it doesn't turn out to be a dud event.
Tushar Poddar, vice president and chief India economist, Goldman Sachs, told CNBC-TV18 that the RBI may take a decision to pause rate hike in its policy meet on Friday as it has done enough tightening already.
According to CNBC-TV18’s managing editor Udayan Mukherjee, the Nifty is on pullback mode.