Auto, realty, bank stocks trading mixed ahead of RBI policy meet
RBI is likely to keep interest rates and CRR unchanged, stress on inflation and tone of commentary will be eyed for direction on interest rates.
By ET Online | Updated:
MUMBAI: The rate sensitives sectors such as auto, banks and realty were witnessing a mixed session ahead of the Reserve Bank of India's fourth bi-monthly monetary policy review meet today.
According to analysts, the RBI Governor is likely to keep key interest rates and CRR unchanged today. Stress on controlling inflation and tone of commentary will be eyed for direction on interest rates.
The CPI inflation which the central bank is monitoring closely, has shown a declining trend in the past few months, the levels are still out of its comfort zone.
RBI has set a glide path for CPI inflation at 8 per cent by January 15 and 6 per cent by January 2016.
Retail inflation or CPI eased to 7.8 per cent in August from 8.59 per cent in April.
At 09:50 a.m.; the BSE Bankex was down 0.12 per cent, the BSE Auto Index gained 0.40 per cent and the BSE Realty Index was 0.34 per cent higher.
According to analysts, the RBI Governor is likely to keep key interest rates and CRR unchanged today. Stress on controlling inflation and tone of commentary will be eyed for direction on interest rates.
The CPI inflation which the central bank is monitoring closely, has shown a declining trend in the past few months, the levels are still out of its comfort zone.
RBI has set a glide path for CPI inflation at 8 per cent by January 15 and 6 per cent by January 2016.
Retail inflation or CPI eased to 7.8 per cent in August from 8.59 per cent in April.
At 09:50 a.m.; the BSE Bankex was down 0.12 per cent, the BSE Auto Index gained 0.40 per cent and the BSE Realty Index was 0.34 per cent higher.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
