Why RBI may cut interest rates again this year? How opportunities to buy banking stocks may emerge soon.
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Edited Highlights
2:16 In the week gone by, the Sensex and the Nifty scaled new highs and RBI predictably cut repo rates by 25 percentage points
2:52 RBI seemed to be concerned about inflation since oil has been on the boil. But I expect the oil prices to come down after August
3:03 While many experts feel that RBI may not cut interest rates but I do feel that they may still cut interest rates
3:32 Banking stocks have been getting hit. They have been in the overbought position. This is starting to get reflected as some of it gets rolled off
3:42 It was buy on the expectation and sell on the news. So, once the RBI announcement happened, people started selling the banking stocks
3:57 I stick to my earlier position. I believe August will be bad for stocks
4:15 The correction will be a great opportunity to buy stocks, especially banking stocks. In fact there would be a global rally of banking stocks.
5:32 In auto stocks, it has been premised that a lot of the impact of GST will be favourable for the consumer
5:50 The prices of auto stocks have raced ahead
6:30 While larger companies will benefit due to abolishing of state and local taxes like Octroi but many small suppliers will get hit when GST filing starts
7:12 Auto stock valuations are sky high now. One should wait for the correction before entering these stocks
