• SENSEX
    NIFTY 50
VIDEOS
Market

Expecting two interest rate cuts in next six months, says Prabhudas Lilladher

Updated : December 26, 2018 14:07:52 IST

Ajay Bodke of Prabhudas Lilladher is expecting two interest rate cuts of 0.25 percentage points each by the Reserve Bank of India (RBI) in the next six months. He is also expecting a change of stance to neutral.

In an interview to CNBC-TV18, Bodke shared his views on the fundamentals of the market.

“The new RBI governor in place who is more accommodative to the concerns of the economy and willing to look at opening the taps for credit constrained sectors like NBFCs and MSME, I think interest rate sensitive sectors are what we are betting on,” said Bodke.

Bodke is positive on sectors such as BFSI, automobiles, and consumer durables.

“We are advising clients that sectors such as BFSI, automobiles, and consumer durables are the ones that they should look at more constructively because they will be the beneficiaries of the tailwinds from the fall in interest rates as well as more liquidity made available to sectors such as banking and NBFCs.”

One needs to trade carefully in IT, warns Bodke. He said, “One needs to be equal weight but certainly the necessity to go overweight at the current juncture in IT is fraught with some risk.”

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement