Policy rate cut to determine course of rate sensitive stocks: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, COO, Way2Wealth Brokers Pvt Ltd, shares his views on banks and rate sensitive stocks.

ET Now: What is your call on the rate sensitive?

Ambareesh Baliga: The banks have actually bounced back decently from lower levels. So, to a certain extent that expectation has already built in. We will have to wait for the monetary policy to see as to where the banks move. In case, the expectation of the 25 bps comes out then I suppose they will hold on. But in case, we have that 50 bps cut then possibly you could see much higher levels for the bank, the overall market as such. I suppose for the markets overall, we would possibly wait for more sort of positive bites from Delhi because that is more important.