Inverse Head and Shoulder in HDFC Bank may incline market participants to add the stock to their portfolio
Rate sensitive shares are likely to be in focus owing to the RBI policy meet outcome
The broader indices also surged over a per cent each, and gainers outnumbered losers in 2.5:1 ratio
The broader markets also weakened towards the end of the trade, and the BSE Midcap and Smallcap indices ended with a loss of 1.4 per cent each
The economy is recovering fast but nobody knows yet how serious the Omicron threat is. The RBI can afford to err on the side of caution and hold on to rates for now
Bond market participants are factoring in a reverse repo hike
RBI should not stop the normalisation process
The unions had planned stepping up their protest by going on mass casual on November 30.
A Reserve Bank committee has come out with a host of suggestions including the creation of online platform for the sale of stressed assets
"Developments around harsh recovery practices, breach of data privacy of digital lenders has dented the credibility of the whole system," Rao said
Higher liquidity is not helping the real economy
Retains accommodative stance, FY22 growth forecast; lowers inflation projection
The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment
Squeezing of liquidity and the likely hardening of bond yields may have a near-term "sentiment" effect on the BFSI sector; overall the policy should not have too much bearing on the equity markets
The RBI has calendarized its VRRR auction and stands ready to enhance its duration. This is the first sign of preparing the market for an eventual increase in the reverse repo rate.
We remain cautious that reviving demand could embolden pricing power, allowing a faster transmission of the supply-side pressures to core inflation
The overall trend in rate sensitive stocks is positive and this unchanged policy may trigger further upside, once near term resistances are crossed
RBI's key lending rate or the repo rate was held steady at 4% while the reverse repo rate or the borrowing rate also stayed unchanged at 3.35%
At 11:09 am, Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Auto index were up between 0.20 and 0.40 per cent, as compared to 0.54 per cent rise in the Nifty50 index
The Reserve Bank of India's three-day monetary policy committee (MPC) meeting ends on Friday. How will the markets react to the RBI Policy meet? What's priced in and what's not? Let's find out