RBI rate hike may see rate sensitive stocks bottom out. Time to buy?

Shares of banks and NBFCs seem to be better placed on the charts, while that of automobile, realty and others need to sustain above the crucial levels.

The RBI Governor Shaktikant Das today raised the repo rate by 50 basis points (bps), on expected lines, as concerns over soaring inflation and rupee depreciation remain elevated. Earlier, in an off-cycle policy decision the Central Banker had raised repo rate by 40 bps in May 2022.


 

Even though the markets expected a 50 bps rate hike, traders were wary over the possibility of a steeper rate hike coupled with hike in CRR rate. Owing to which, the rate sensitive shares such