Market has consolidated today as it is in the MFF mentioned resistance range. Hence the decisive move may happen tomorrow after RBI announces its credit policy. There were lot of fears in the market after the Budget that the Interest rates are headed up due to the borrowing programme of the government.
Some people in the market even today feel that interest rates can go as high as 100 basis points which in our opinion is an overstretched expectations. We infact feel that RBI may leave the rates unchanged and this will be a major boost for the bank stocks. Some bank stocks were already reflecting this opinion in their prices today.
The government & the RBI cannot afford to let the rates rise and should do everything so that consumer confidence is not affected.
The latest issue of Money Today talks about the importance of Financial Planning and deals with all aspects of the same, we feel everyone should have a look atleast at the libraries.
Vivek Karwa
CERTIFIED FINANCIAL PLANNERCM
& INVESTMENT STRATEGIST
Mobile: +91-98-405-405-75
