Rise in repo fails to dampen allure for rate-sensitive stocks

Rise in repo fails to dampen allure for rate-sensitive stocks

Mumbai: The Reserve ‘s interest rate hike for the second straight month has not dampened investors’ appetite for shares of companies sensitive to interest rate moves such as banks, real estate and automobiles. But, analysts warn that further rate increases could result in fewer stocks remaining attractive as investors assess the impact of higher interest … Read more

Rate sensitive stocks rally up to 3% after RBI hikes rates by 50 bps

Rate sensitive stocks rally up to 3% after RBI hikes rates by 50 bps

NEW DELHI: Rate sensitive stocks gained on Wednesday after the Reserve Bank of India (RBI) hiked repo rate – the rate at which it loans money to banks — by 50 basis points to 4.90 per cent in order to tackle elevated inflation. Most bank stocks, which are among the most sensitive stocks with respect … Read more