RBI Policy Updates: Finance Secretary says rate cut will boost liquidity

#Nivezareview on RBI policy updates :

New RBI Governor Mr. Urjit Patel has delivered what has been expected by the street. Market is looking in much better position after recovering from the strike drag down. This move can take the market to some break out levels. Before U.S. elections, repo cut could enhance the sentiments of the investors to keep invested in the market and again in the same year, further repo cut is expected. This will surely help to digest U.S. Fed policy.

 

Stock market theme remains domestic consumption,housing finance compnies like Lic housing,DHFL housing,Gic housing ,pvt banking ,auto major like Maruti will continue to out perform ,in addition to paints,cement,discretionary white goods like air conditioner, freeze,washing machines,geyser, fans etc.