Loading Ticker...
You Are Here: Home » Sensex

Sensex Gains On Expectations About Interest Rate Cuts

There will be an interest rate cut next week in line with the weaker-than-expected growth in industrial output data. This had boost lender interests such as ICICI. It was really a slow pace of growth with India’s industrial production in February. This cut in interests would surely improve prospects and help some sectors recover in this uncertain economy.

According to Rikesh Parikh, vice president of equities and Motilal Oswal Securities, the market would expect this cut off to take place in the 17th of April. It will definitely boost the investment of different companies in many lending firms.

Motilal Oswal Logo

Motilal Oswal

The gainers with this policy will be those lenders and among them would be the ICICI and State Bank of India. Another company that had some improvement is the Bharat Heavery Electricals where it rose 2.7 percent in the capital goods. The decliners include Infosys which is India’s second-largest software exporter. It fell 1.92 percent of its earning.

via


Share this post

Subscribe to our updates via e-mail or get our  RSS Feed
Enter your email address:


Other Related Stories: