MPC outcome: Stocks to watch out for on Feb 8
Shital Jibhe / 07 Feb 2017
February 8 promises to be a volatile day for Indian markets. A day ahead of the monetary policy (MPC) outcome, markets remained cautious. Sensex fell 104 points and Nifty closed below 8,800 levels.
February 8 promises to be a volatile day for Indian markets.
A day ahead of the monetary policy (MPC) outcome, markets remained cautious. Sensex fell 104 points and Nifty closed below 8,800 levels.
All eyes will be focussed on what Governor of the Reserve Bank of India (RBI) Urjit Patel does with the policy rates and whether he will deliver on the 25 bps policy rate cut as expected by several market participants. Lower inflation levels provides a window of opportunity to cut rates.
Banking stocks, auto stocks and housing finance companies will be the stocks to watch out for on Wednesday as these set of stocks are the ones that are most interest rate sensitive stocks. Markets can expect rally in banking and auto stocks, especially if policy rate cut of 25 bps is declared.
Some of the key companies such as Hero MotoCorp, Tata Chemicals, NTPC and Cipla will be declaring their Q3 results on Wednesday. On Tuesday, traders were seen pilling up long positions in retail and electronics.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.