Bank stocks, NBFCs rally up to 4% after RBI changes policy stance
Shares of rate-sensitive stocks – banks and NFBCs – rallied up to 4% on Wednesday morning after the Reserve Bank of India (RBI) changed its policy stance to ‘neutral’ from ‘withdrawal of accommodation’ earlier. Led by gains in financials, the Sensex also jumped 500 points. The change in stance is being seen as a step…
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RBI ignores ‘Global Dangal’ in MPC meet. What does it mean for stock market investors?
Despite recent headline-grabbing events in global markets and dovish guidance from other central bankers, the RBI MPC decided on Thursday to keep policy rates and stance unchanged. Since this decision aligned with market expectations, it had a largely neutral impact on stock investors. βGlobal βdangalβ to continue. The RBI does not seem to be under…
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